In the face of increasing geopolitical tensions, the East Asian island state of Taiwan is focusing on more cooperation for robust supply chains in the semiconductor sector. "Taiwan is a reliable partner, and with our technological base and cooperative spirit, we will work with democratic partners worldwide," said President Lai Ching-te before the opening of the semiconductor trade fair Semicon in the capital Taipei.
Rapid progress in artificial intelligence (AI) has also intensified global competition, Lai said. "No single country can overcome these challenges alone," he emphasized. Lai referred to Taiwan's growing presence in the high-tech industry and investments in the USA, Europe, Japan and Southeast Asia.