00:00Deepening the partnership between the U.S. state of Arizona and Taiwan,
00:08Senator Ruben Gallego shakes hands with President Lai Xingte.
00:12Gallego State is where chip giant TSMC has pledged tens of billions of U.S. dollars of investments.
00:18And with the recent tariff deal reached between Taiwan and the U.S.,
00:22Arizona could see even more TSMC funds headed its way.
00:26President Lai, who has backed the deal, says that investment would be a win-win for Taiwan and the U.S. state.
00:33The trade-off is also a representative of Taiwan and the U.S. industry partnership.
00:40The deal has faced doubts from opposition lawmakers in Taipei
00:54after U.S. Commerce Secretary Howard Lutnick said he wanted to see 40 percent of Taiwanese chip-making operations moved to the U.S.
01:03But Senator Gallego, who last visited Taiwan in 2018 as a member of the House of Representatives,
01:09says he wants investment to be a two-way street.
01:12It is a win-win for both of us. It's certainly a win-win for Arizona.
01:18The amount of investment that is happening in Arizona right now from Taiwanese firms, especially TSMC, is impressive.
01:25But we'll also see that benefit coming back to Taiwan.
01:31As a matter of fact, we now know of a couple of Arizona companies that have started some portion of their business here,
01:38especially regarding drones.
01:39Ahead of the meeting, Taiwan's foreign ministry said it hopes to use comprehensive democracy with partners,
01:45including Congress members, to safeguard regional peace, stability, and prosperity.
01:51And Gallego, announcing his visit on social media, wrote that strong partnerships abroad mean good jobs and real security at home.
01:59TSMC's Arizona operations are expected to create over 10,000 jobs in the next few years as it expands operations in the state.
02:07And with new direct flight routes between Phoenix and Taipei, and Taiwan's plans to set up a government office in Arizona,
02:14deepening ties appear to be a major priority for both places.
02:18Luffy Lee, Yisun Chen, and Tiffany Wong for Taiwan Plus.
02:20Oh.
02:21Oh, looks good.
02:32Oh yeah.
02:36Hola.
02:38Oh.
02:38Hey.
02:39Oh.
02:39Oh.
02:40Oh.
02:40Oh.
02:40Oh.
Comments