TAIPEI, Oct 15 (Reuters) – Taiwan’s financial system minister has drummed up new enterprise value T$30 billion ($940 million) in conferences with prime executives at 4 main tech corporations in California’s Silicon Valley, the ministry mentioned on Saturday.
Wang Mei-hua has been in america all week to reply to what her workplace has known as “concerns” about provide chains and geopolitical points.
Taiwan is a serious semiconductor producer, dwelling to the world’s largest contract chip maker, Taiwan Semiconductor Manufacturing Corp (2330.TW), , and provides most the world’s main tech corporations.
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The island’s place as a producer has prompted worries in america it’s too reliant on Taiwan, particularly as China ramps up navy drills to claim its sovereignty claims.
Wang met executives on Friday from NVIDIA Corp (NVDA.O), Cisco Techniques Inc (CSCO.O), Utilized Supplies Inc (AMAT.O) and Synopsys Inc (SNPS.O), the ministry mentioned in a press release, including that she “obtained nice curiosity” from them.
“The visits are anticipated to deliver again U.S. analysis and improvement funding and orders in Taiwan value greater than T$30 billion,” it mentioned, with out elaborating.
The ministry mentioned Wang met with NVIDIA CEO Jensen Huang, Utilized Supplies CEO Gary Dickerson, Cisco senior vice chairman and world innovation officer Man Diedrich, and Synopsys chairman and CEO Aart de Geus.
NVIDIA declined to touch upon the assembly. The opposite three firms didn’t instantly reply to requests for remark.
Wang mentioned on Tuesday that if Taiwan remains safe, world provide chains of significant semiconductors would even be safe. read more
($1 = 31.9720 Taiwan {dollars})
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Reporting by Ben Blanchard; Modifying by William Mallard
Our Requirements: The Thomson Reuters Trust Principles.
