Taiwan touts $900 million in new business through Silicon Valley conference

TAIPEI, Oct 15 (Reuters) – Taiwan’s economy minister has brokered a deal worth NT$30 billion ($940 million) in meetings with executives from four major tech companies in California’s Silicon Valley, the economy ministry said on Saturday. new business.

Wang Meihua was in the United States all week in response to what her office called “concerns” about supply chain and geopolitical issues.

Taiwan is a major semiconductor producer, home to TSMC (2330.TW), the world’s largest foundry chipmaker, and supplies most of the world’s major tech companies.

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Taiwan’s status as a producer has the United States worried that it is too dependent on Taiwan, especially as China ramps up military exercises to defend its claims.

Wang met on Friday with executives from Nvidia Corp (NVDA.O), Cisco Systems (CSCO.O), Applied Materials (AMAT.O) and Synopsys (SNPS.O), the ministry said in a statement. , adding that she had “aroused great interest” in them.

“These visits are expected to bring back U.S. R&D investments and orders in Taiwan worth more than NT$30 billion,” it said, without elaborating.

Wang met with Nvidia CEO Jen-Hsun Huang, Applied Materials CEO Gary Dixon, Cisco senior vice president and global innovation officer Guy Didridge, and Synopsys chairman and CEO Alt Dehger, the ministry said. s.

Nvidia declined to comment on the meeting. The other three companies did not immediately respond to requests for comment.

If Taiwan remains safe, the world’s vital semiconductor supply chain will also be safe, Wang said on Tuesday.read more

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Reporting by Ben Blanchard; Editing by William Mallard

Our Standard: The Thomson Reuters Trust Principles.

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