Taiwan Braves The Hornet Nest By Partnering With Washington Over Chip Trade

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Taiwan is taking on things head on, despite its growing tension with China. With the chip market compromised over pandemic and closures of the production facilities, the US and Taiwan have decided to support each other in semiconductor space.

It is worth noting that this partnership comes amid escalating tensions between China and independently governed Taiwan. China has been forcing itself on Taiwanese government and wishes to make it a part of its sovereignty.

Currently, Beijing continues to view Taiwan as a breakaway province. China's air force has been entering Taiwanese airspace frequently in recent months and staging military exercises near the island, prompting fears of a military conflict.

The United States on the other hand has been trying to support Taiwan, a country which has had to fight a lot harder for its trade relations to be taken seriously worldwide, under constant pressure from China.

The Technology Trade and Investment Collaboration (TTIC) framework was announced on a conference call on December 6 between US Commerce Secretary Gina Raimondo and Taiwan's Minister of Economic Affairs Wang Mei-hua. For the US and Taiwan, it is both putting their hands in the hornet’s nest. Realistically speaking, TTIC is following its goal- to develop commercial programs and to strengthen critical supply chains. This has been confirmed through a formal press release handed out to the media by the US Department of Commerce.

But both nations seem to be concentrating their energies in building long term trade relations, amidst China behaving like a spoilt child. Working together, we can build business connections and generate further investments which will ultimately create good-paying jobs, strengthen critical supply chains, and deepen our overall economic relationship," Raimondo said in the call. 

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