Official Launch of US-Taiwan Business Forum to Strengthen Industrial Cooperation in Semiconductors and More

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] A business forum focused on strengthening industrial cooperation, including semiconductors, between the United States and Taiwan will be officially held.

According to Taiwan Economic Daily on the 15th, the Taipei Economic and Cultural Office in Chicago announced that it will hold the "Taiwan-US Midwest Business Forum" three times from this month through August.

The Economic and Cultural Office serves as a de facto diplomatic mission that Taiwan establishes in countries with which it does not have official diplomatic relations.

The forum, conducted via online video connection, will focus on strengthening supply chain cooperation between the US and Taiwan.

The themes of the three forums are set as "Semiconductors and Innovation," "Artificial Intelligence and Healthcare," and "Automotive Industry," respectively.

Chang Sun, Director of the Chicago Economic and Cultural Office, stated, "Amid the severe impact of COVID-19 on the global economy, Taiwan and the US, sharing common markets and democratic systems, must further strengthen cooperation to promote mutual economic recovery and prosperity."

It is analyzed that the US aims to further strengthen economic cooperation with Taiwan, the global semiconductor industry hub, as part of efforts to exclude China and reorganize the global supply chain centered on itself amid the new Cold War with China.

The Biden administration recently decided to resume negotiations on the Taiwan-US Trade and Investment Framework Agreement (TIFA), which were suspended during the Trump administration.

This content was produced with the assistance of AI translation services.