Taiwan to simulate impact of US tariffs on semiconductor sector

The United States relies heavily on chips imported from Taiwan, a reliance former President Joe Biden sought to end during his term by granting billions of dollars in Chips Act awards to lure chipmakers to expand production in the country. Speaking to reporters outside parliament, Taiwan Economy Minister Kuo Jyh-huei said he would seek to discuss the matter with the United States and ensure "fair competition" for Taiwanese industry.