Amidst the post-election press conference at the Democratic Progressive Party’s headquarters, President-Elect Lai Ching-te, known as William Lai, expressed his unwavering support for the semiconductor industry in Taiwan. Lai emphasized the critical role of the semiconductor industry in the global era of artificial intelligence and acknowledged Taiwan’s advantage in this field. He also highlighted Taiwan’s responsibility to the world and its integral role in the global supply chain.
Lai stressed that Taiwan cherishes the semiconductor industry and called upon China and the international community to acknowledge its importance as well. In an effort to promote cross-strait welfare and foster peace and co-prosperity, Lai expressed willingness to have exchanges and cooperate with China, on the condition of equal respect and treatment.
President-Elect Lai outlined his vision for the future of the semiconductor industry, advocating for the establishment of a comprehensive industrial chain that encompasses every aspect, from materials and equipment to research and development, IC design, manufacturing, packaging, and testing. Lai believes that by nurturing a thriving semiconductor industry in Taiwan, both the local economy and the global economic landscape will benefit.
While Lai did not provide specific details on how he plans to support the semiconductor industry, industry leaders have consistently called for governmental assistance in addressing challenges such as power and water shortages, talent and human resource gaps, and land availability. Additionally, the energy policy proposed by Lai, excluding nuclear energy, may present a potential hurdle for the industry, as advanced-node semiconductor processes require considerable electricity and green energy sources.
Apart from domestic challenges, the semiconductor industry in Taiwan also faces geopolitical tensions and compliance risks associated with US regulations. In January 2024, the US Department of Commerce will send a delegation to Taiwan to engage with local manufacturers and IC design vendors, aiming to provide clarity on the expanded export controls on mainland China. Minister of Economic Affairs Wang Meihua acknowledged the need for Taiwanese companies to stay informed and compliant with US provisions and emphasized the importance of direct communication between Taiwan and the US.
As Taiwan strives to maintain its position as a leading player in the semiconductor industry, it is essential for the government and industry stakeholders to work collaboratively, addressing domestic challenges, ensuring compliance with international regulations, and fostering an environment conducive to innovation and growth. With the right support and strategic measures in place, Taiwan’s semiconductor industry can continue to thrive, contributing to global advancements and economic development.
The source of the article is from the blog regiozottegem.be