TSMC, the world's largest contract chipmaker, announced last year that it would set up a research and development in Japan, as well as a $7 billion chip plant with Sony Group.
Topics
Taiwan | Japan | semiconductor
Reuters | Taipei Last Updated at January 11, 2022 10:44 IST
Japan called for greater collaboration with Taiwan on semiconductors at a bilateral economic and trade meeting on Tuesday.
Japan-Taiwan Exchange Association Chairman Mitsuo Ohashi praised Taiwan Semiconductor Manufacturing Co Ltd (TSMC)'s plans to expand in Japan, saying, "I hope these collaborations can continue to expand, and positively impact the resilience of both Taiwan and Japan's supply chains."
"Currently, even though the pandemic has blocked exchanges between Japan and Taiwan, the economic and trade relationships between Japan and Taiwan have continued to deepen," Ohashi added via video.
Although Chinese-claimed Taiwan and Japan do not have formal diplomatic ties, they have close unofficial relations. Both share concerns about China, especially its increased military activities near the two.
The Taiwan-Japan Economic and Trade Conference has typically been held in Taiwan or Japan each year, but because of the pandemic, the two sides met virtually this week.
TSMC, the world's largest contract chipmaker, announced last year that it would set up a research and development in Japan, as well as a $7 billion chip plant with Sony Group.
Tech powerhouse Taiwan is at the forefront of efforts to resolve a shortage of chips that has hampered auto production lines and affected consumer electronics makers around the world.
Chiou I-jen, chairman of the Taiwan-Japan Relations Association, thanked Japan for supporting Taiwan's bid in September to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
He said Taiwan hoped both sides could start a "constructive dialogue" on Taiwan joining the trade pact as soon as possible.
"Taiwan is of crucial importance to the world's supply chain, economy and trade," Chiou said, speaking at a Japanese hotel in Taipei. "If (Taiwan) can join the CPTPP, it will greatly increase the importance and visibility of this pact in the global economy."
Taiwan's bid angered China, which views the island as one of its provinces with no right to the trappings of a state. Taiwan says it is an independent country and has vowed to defend its freedom and democracy.
(Reporting by Sarah Wu. Editing by Gerry Doyle) (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
English (US)