RelationDigest

Monday, 27 June 2022

[New post] Cashing in Taiwan’s Chips: Trade Deals and Divergent Interests from Washington and Tokyo

Site logo image Yi Yu Lai posted: " Written by Shihoko Goto.  Image credit: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) by 李季霖/ Flickr, License: CC BY-SA 2.0. The momentum for Taiwan to be an integral part of the global economic community is reaching unprecedented levels" Taiwan Insight

Cashing in Taiwan's Chips: Trade Deals and Divergent Interests from Washington and Tokyo

Yi Yu Lai

Jun 27

Written by Shihoko Goto. The momentum for Taiwan to be an integral part of the global economic community is reaching unprecedented levels. Taiwan's ability to keep the pandemic at bay when the international community was first gripped by the rapid spread of covid in early 2020 certainly opened the world's eyes to Taipei's efficient, capable responses to emergencies. But the disruptions to global supply chains and the recognition of Taiwan dominating the international semiconductor manufacturing market have catapulted Taiwan's economic standing. At the same time, growing concerns about ensuring the status quo in cross-Strait relations have only raised awareness of the fragile situation that Taiwan finds itself in. The question is whether Taiwan has suitably leveraged its advantages to ensure its economic prospects and safeguard its future.

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