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HomeStockTaiwan touts $900 million in new enterprise from Silicon Valley conferences By...

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


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© Reuters. FILE PHOTO: Taiwan Economic system Minister Wang Mei-hua speaks throughout an interview with Reuters in Taipei, Taiwan, September 30, 2021. REUTERS/Ann Wang

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

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

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

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

Wang met executives on Friday from NVIDIA Corp (NASDAQ:), Cisco Methods 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 convey again U.S. analysis and growth 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 vice chairman and world 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, world provide chains of significant semiconductors would even be safe.

($1 = 31.9720 Taiwan {dollars})

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