Japan, U.S., South Korea, Taiwan hold talks for a framework on supply of semiconductors
By MYBRANDBOOK
In a bid to outcompete China technologically, the Biden administration launched a new dialogue forum with Japan and South Korea on friend-shoring semiconductors. Japan, the United States, South Korea and Taiwan have held the first meeting of senior officials under a new U.S.-led framework to help ensure a stable supply of semiconductors.
The inaugural meeting of the Economic Security Dialogue among the United States, Japan and South Korea was launched in Honolulu.
Since Japan and South Korea are home to two of the world’s strongest semiconductor industries, the forum aims to address issues related to critical and emerging technologies, supply chain resilience of semiconductors, batteries and critical minerals, as well as data transparency amid the U.S.- China tech war.
Also, the US is inviting companies to compete for a share of the $50 billion already approved to revitalize the U.S. chip industry. The administration launched the first CHIPS for America funding opportunity — an invitation for companies to compete for a share of the $50 billion approved by Congress under the CHIPS Act last year, specifically the $39 billion allocated to fund the construction of new and expanded domestic manufacturing semiconductor facilities.
Much of the funds will be used by the few companies already producing the world’s most advanced chips — including Taiwan Semiconductor Manufacturing Company (TSMC), Samsung Electronics and Micron Technology — to ramp up their production capacity in the United States.
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