In discussions with top executives at four significant IT companies in California’s Silicon Valley, Taiwan’s economy minister generated new business worth T$30 billion ($940 million), the ministry reported on Saturday.
Wang Mei-Hua has spent the entire week in the US in order to address what her office has referred to as “concerns” regarding supply chains and geopolitical matters.
Taiwan is a significant producer of semiconductors and is home to Taiwan Semiconductor Manufacturing Corp., which supplies the majority of the top tech companies in the world.
Being a producer, the island has raised concerns in the US that it is overly dependent on Taiwan, particularly as China intensifies military exercises to bolster its sovereignty claims.
The ministry released a statement saying that Wang met with executives from NVIDIA Corp, Cisco Systems Inc, Applied Materials Inc, and Synopsys Inc. and that she “received considerable interest” from them.
Without going into further detail, it stated that “the visits are likely to bring back U.S. research and development investment and orders in Taiwan worth more than T$30 billion.”
According to the ministry, Wang met with the CEOs of Applied Materials, Cisco, NVIDIA, and Synopsys as well as Aart de Geus, chairman and CEO of Synopsys, and senior vice president and global innovation officer at NVIDIA.
Regarding the meeting, NVIDIA declined to comment. Requests for comment from the other three businesses were not immediately reacted to.
Wang stated on Tuesday that if Taiwan is secure, crucial semiconductor supply networks will also be secure.
