Taiwan touts $900 million in new enterprise from Silicon Valley conferences By Reuters

TAIPEI (Reuters) – Taiwan’s economic system minister has drummed up new enterprise value T$30 billion ($940 million) in conferences with high executives at 4 main tech corporations in California’s Silicon Valley, the ministry stated on Saturday.

Wang Mei-hua has been in the US all week to reply to what her workplace has referred to as “issues” about provide chains and geopolitical points.

Taiwan is a serious semiconductor producer, residence to the world’s largest contract chip maker, Taiwan Semiconductor Manufacturing Corp, and provides most the world’s main tech corporations.

The island’s place as a producer has prompted worries in the US it’s too reliant on Taiwan, particularly as China ramps up army drills to say its sovereignty claims.

Wang met executives on Friday from NVIDIA Corp (NASDAQ:), Cisco Programs Inc (NASDAQ:), Utilized Supplies Inc (NASDAQ:) and Synopsys (NASDAQ:) Inc, the ministry stated in an announcement, including that she “bought 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 stated, with out elaborating.

The ministry stated Wang met with NVIDIA CEO Jensen Huang, Utilized Supplies CEO Gary Dickerson, Cisco senior vp and international innovation officer Man Diedrich, and Synopsys chairman and CEO Aart de Geus.

NVIDIA declined to touch upon the assembly. The opposite three corporations didn’t instantly reply to requests for remark.

Wang stated on Tuesday that if Taiwan stays protected, international provide chains of significant semiconductors would even be safe.

($1 = 31.9720 Taiwan {dollars})