Taiwan’s chip prowess is built on democracy and rule of law, president says

TAIPEI — Taiwan’s semiconductor prowess is built on the foundations of democracy and rule of law, becoming a trusted international partner that keeps its promises to supply the world, President Lai Ching-te said on Tuesday (Sept 1).Taiwan is home to TSMC, the world’s largest contract chipmaker and main producer of the advanced chips powering the AI trend.Amid tensions between China and the US and Europe over trade and technology, Taiwan has sought to promote itself as a reliable, democratically governed semiconductor manufacturer.Speaking at the Semicon trade show in Taipei, which this year is being attended by senior executives from companies including Microsoft and Alphabet Inc’s Google, Lai said AI computing power requires chips and global collaboration.”Over the decades, Taiwan has built a complete semiconductor cluster, possessing fast, flexible, and highly efficient manufacturing capabilities, and on the foundation of democracy and the rule of law, has stably supplied the global market and kept its promises,” he added.