00:00Daniel, we heard a lot today about the so-called Taiwan model of U.S. investment.
00:05But based on your understanding, what else does the U.S. want out of a U.S.-Taiwan trade deal?
00:11The requirement for the U.S. typically, you know, including the funding.
00:14The first one, you have to liberalize your domestic market.
00:17The second one, you have to increase the procurement from the government,
00:21ordinary procurement, also the military procurement.
00:25The third one is you have to increase your private investment in the U.S.
00:29The three, you know, cornerstones, the requirement by the U.S.
00:33However, we have to I think right now, if we believe the negotiation is still under the progress,
00:40we have to ask the U.S. may have to more the U.S. talents to support the Taiwan's investment in the U.S.
00:47to reduce the level of the outflow of the Taiwan elite engineers to the U.S.
00:54Yes, some have expressed concern about a so-called brain drain of Taiwan chip talent to the U.S.
01:00How big of a problem is that in your mind?
01:03In order to sustain the greenfield investment in the U.S., Taiwan in the future is very likely.
01:10Taiwan also has to export the talents from Taiwan to the U.S.
01:16As you know, Taiwan right now, you know, we are, you know, our population already declined, you know, starting from 2020.
01:23So we in Taiwan, we also show off the talent, show off, you know, the labor force.
01:30I think that is the problem we have to consider, you know, not only the outflow of the capital, but also the outflow of the talent.
01:39You know, Taiwan's science parks are a unique competitive advantage of Taiwan.
01:44That's made it a leader in the semiconductor industry.
01:47Well, what does Taiwan stand to gain from helping the U.S.
01:50build its own version of those?
01:52Or is their only goal to get relief from tariffs?
01:55I think that is a purely the result of the geopolitics, you know.
01:59I think that is a request by the U.S.
02:02government, geopolitical tension, considerations.
02:07So if this, if this is not purely from the economic motivation, that will affect Taiwan.
02:13I think that's for sure.
02:14We would not invest that much to the U.S.
02:17Even if the U.S. is an important, you know, market for Taiwan.
02:21So this is a very clear, okay.
02:24But right now, all the countries, including the, you know, the neighboring country for Taiwan have to negotiate with the U.S.
02:31to try to get the, you know, the travel, the travel reduction.
02:37So this is a challenge that Taiwan has to face.
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