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Taiwan to discuss supply chains with U.S. next week amid auto shortage


By Reuters Staff
3 Min Read
TAIPEI (Reuters) - Taiwan Economy Minister Wang Mei-hua will hold a virtual meeting with the United States next week to discuss supply chains, with semiconductor firms present, her ministry said on Friday, amid a global shortage of chips used by automakers.
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The State Department said Deputy Assistant Secretary for Trade Policy and Negotiations Matt Murray would take part in the meeting. It will be the most senior announced exchange between Taiwan and the Biden administration, which took office on Jan. 20.
Car factories around the world are shutting assembly lines because of the chip shortages, which in some cases have been exacerbated by the former U.S. administration’s actions against Chinese chip factories. ....

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Automakers, medical device firms ask Biden for U.S. chip factory subsidies


3 Min Read
FILE PHOTO: A researcher plants a semiconductor on an interface board during a research work to design and develop a semiconductor product at Tsinghua Unigroup research centre in Beijing, China, February 29, 2016. REUTERS/Kim Kyung-Hoon
(Reuters) - More than a dozen business groups representing automakers, medical device makers and manufacturers sent a letter to President Joe Biden on Thursday calling on him to work with U.S. lawmakers to provide federal funding for the construction of new chip factories.
The groups, which include the U.S. Chamber of Commerce as well as industry-specific associations representing General Motors Co, Caterpillar Inc and Medtronic PLC, among others, sent the letter as a shortage of semiconductors continues to disrupt U.S. automobile factories and threatens to lower the automakers’ profits by billions of dollars. ....

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