The Executive Yuan will pass the Taiwan version of the chip law draft today. Executive Yuan spokesman Luo Bingcheng relayed it at the press conference after the meeting. This is an action to support the development of the semiconductor industry.

(Photo by reporter Zhong Lihua)

[Reporter Zhong Lihua/Taipei Report] The Executive Yuan will pass today the "Taiwan version of the Chip Act" called the "Taiwan version of the Chip Act" to revise the draft of the Industrial Creation Regulations. Premier Su Zhenchang said at the meeting that some people are hyping the "de-Taiwanization of the semiconductor supply chain" recently. Speeches are maliciously bad-mouthing Taiwan, but the facts are in front of you, which proves that these are all wrong fallacies.

The expansion of investment in Taiwan by the Dutch business ASML has also made it impossible for false information to maliciously hype up Taiwan's risks.

Executive Yuan spokesman Luo Bingcheng relayed at the press conference after the Executive Yuan meeting that Su Kui pointed out that the revision of the law will provide companies with technological innovation in Taiwan and a key position in the international supply chain who meet certain conditions. R&D and equipment investment credits.

Please read on...

Su Kui said that this will help promote the next generation of key industries and technologies to continue to cultivate Taiwan, and consolidate the resilience of the overall industrial chain, including semiconductors, as well as its international competitive advantages. This will substantially benefit Taiwan's national security and economic security.

The better Taiwan's semiconductor industry is, the better the world economy will be. The government provides a high-quality basic investment environment and supports the semiconductor industry with actions through the highest R&D and equipment investment deduction draft in history.

Su Kui said that on the cover of The Economist's 2023 Trends Special, President Tsai and President Biden of the United States, Ukrainian President Zelensky, and several world leaders were put together. The report mentioned that Taiwan is an important center for semiconductors. .

The world-renowned investment giant Buffett also bought more than US$4.1 billion in ADRs of depositary receipts of Taiwan Semiconductor Corporation, nearly NT$130 billion.

Su Kui said that MediaTek has announced that it will invest nearly NT$300 billion in Taiwan every year and will not move the supply chain out of Taiwan.

Taiwan has a complete semiconductor industry chain, a talent cultivation environment, and democracy and the rule of law, which also makes Taiwan the most critical and reliable partner.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news