Officials are pitching Taiwan’s own economic blueprint, a so-called “Taiwan Model,” to win concessions from the US as trade talks between the two countries wrap up.
This “Taiwan Model” includes private sector-led investment, “one-stop” industrial clusters that recreate Taiwan’s industrial cluster model in the US, workforce training and government support. However, opposition lawmakers expressed concern over workforce training, saying it could lead to a “technology drain” and damage Taiwan’s lead in semiconductors.
00:00Lead trade negotiator Yang Jianyi told lawmakers here that talks with Washington are wrapping up.
00:06Officials are pitching Taiwan's own economic blueprint, a so-called Taiwan model, to win concessions from the U.S.
00:13And they described that as being private sector-led investment rather than the government-led investment that Japan and South Korea have recently done,
00:21assisting with the creation of one-stop industrial clusters in the U.S. that would replicate Taiwan's science parks.
00:27The training of U.S. chip workers.
00:31And government support that provides credit guarantees and financial assistance to Taiwanese companies in the U.S.
00:50There was some pushback.
00:52Specifically, there were some opposition lawmakers who were worried that training U.S. workers might create a kind of technology drain from Taiwan to the U.S.
01:01and damage Taiwan's lead in semiconductors.
01:04The economy minister repeating comments that we've also heard from TSMC CEO and Chair CeCe Wei,
01:10who has said many times that the most advanced chip tech will always be made in Taiwan first.
01:16But with the details of this plan still under wraps, a lot of anxiety remains about the future of Taiwan's most important industry.
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