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Interview: US, Taiwan Trade Talks and Global Semiconductor Shortage 09 Jul 2021, 07:35 GMT+10 STATE DEPARTMENT - At a time of global semiconductor shortages and rising trade tensions with China, U.S. officials are pledging to continue strong, robust, and dynamic engagement with Taiwan on economic and trade issues. Taiwan Semiconductor Manufacturing Company, Taiwan s biggest chip producer, accounts for more than half of the world s supply of semiconductors. When it comes to highly advanced semiconductors, experts say Taiwan accounts for 92% of global supply. But U.S. officials say the trade relationship with the United States goes much further. A week ago, the U.S. and Taiwan resumed trade talks through the Trade and Investment Framework Agreement (TIFA) Council after a five-year pause.

T ai peiUnited statesMatt murrayWang mei huaKeith krachUs embassyAmerican instituteEconomic prosperity partnership dialogueWorld trade organizationCultural representative officeTechnology councilTaiwan semiconductor manufacturing companySemiconductor manufacturing companyInvestment framework agreementState departmentState keith krach