President Tsai Ing-wen has promised government support for Taiwan’s semiconductor industry.
During a meeting with leading figures in the semiconductor industry on Thursday, Tsai said that semiconductors are the backbone of Taiwan’s economy. She said that the government will ensure a stable supply of water and electricity to chipmakers to help foreign firms looking to invest in the industry get the land they need for their operations.
Tsai said that the government is also working to help Taiwanese industry by amending laws to promote green energy and by simplifying procedures for hiring overseas talent. She said that semiconductors will play an important role in efforts to transform and upgrade Taiwan’s industrial sector, and that the government will prepare the way.