The governor of the US state of Arizona visited the country, a visit that comes amid tensions between the two superpowers over semiconductors. Taiwanese President Tsai Ing-wen said she looked forward to working with the United States to build “models of democracy.” Reports indicate that several US senators recently visited Taiwan following a visit by US Speaker of the House Nancy Pelosi. China strongly opposed the visit of American officials. Semiconductors are an important component of electronic devices such as computers, telephones and automobiles.
According to reports, one of the main objectives of the governor’s visit was to sign an agreement with Taiwan in the field of semiconductors. The governor of Arizona told the president of Taiwan that the partnership of the United States with Taiwan is of the highest value in the industry, and the legacy of TSMC offers new hope for better relations between the two in the future.
Taiwan’s president responded by saying he plans to strengthen ties with the United States in semiconductor manufacturing and other areas. “Facing authoritarian expansion and the challenges of the post-pandemic era, Taiwan is committed to improving cooperation with the United States in semiconductors and other advanced industries,” Tsai said at a meeting at the president’s office in Taipei.
The world is currently struggling with a shortage of semiconductors. One of the main reasons for the lack of chips is the increase in demand for personal computers and the lack of labor for their production caused by the corona 19 pandemic.
This problem is exacerbated by increased demand due to the rise of digital currencies, which are now competing with traditional consumers. Tension between China and the United States and the war between Russia and Ukraine are other causes of the chip crisis.
TSMC is one of the largest chip manufacturers in the world. By one estimate, TSMC produces 60 percent of the world’s semiconductor chips. The leading chip maker accounted for more than 54 percent of chip production revenue last year. TSMC is a supplier to major technology companies including Apple, Qualcomm and Nvidia.
Recently there was a conflict between China and Taiwan. Relations between China and Taiwan deteriorated after Pelosi’s visit in August of this year. China also held military exercises to show its anger after Pelosi’s visit. Taiwan rejected China’s demand and plans to ally with powerful countries to maintain its position.