US, Taiwan reshaping supply chains: AIT

CLEAN 5G: TSMC’s plans to increase US investment is a clear signal that the future of high-tech supply chains remains in the US-Taiwan nexus, the AIT director said

Taipei Times
Date: Aug 27, 2020
By: Lin Chia-nan / Staff reporter

From left, Minister of Foreign Affairs Joseph Wu, American Institute in Taiwan (AIT) Director Brent Christensen and National Communictions Commission Chairman Chen Yaw-shyang hold signed copies of a joint declaration on 5G security at the 5G Policy Forum organized by the AIT yesterday in Taipei.
Photo: Peter Lo, Taipei Times

The US is working with Taiwan to restructure global supply chains under the shared values of transparency and accountability, American Institute in Taiwan (AIT) Director Brent Christensen said, according to a transcript released by AIT yesterday.

Christensen made the remarks on Tuesday at the International Investment Forum in Taipei hosted by the Mergers and Acquisitions and Private Equity Council of Taiwan.

The COVID-19 pandemic has exposed the risks of over-reliance on one country or supplier for critical materials, such as medical supplies and pharmaceuticals, and for industries that are of strategic importance to shared economies, Christensen said.

Washington aims to diversify and bring supply chains closer to end users, and ensure that countries like China do not hold supply chains hostage for political purposes, he said.

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