In discussions with top executives at four significant IT companies in California’s Silicon Valley, Taiwan’s economy minister generated new business worth T$30 billion ($940 million), the ministry reported on Saturday.
Wang Mei-hua has spent the entire week in the US in order to address what her office has referred to as “concerns” regarding supply chains and geopolitical matters.
The world’s largest contract chip manufacturer, Taiwan Semiconductor Manufacturing Corp (2330.TW), is based in Taiwan, which also supplies the majority of the top tech companies worldwide.
Being a producer, the island has raised concerns in the US that it is overly dependent on Taiwan, particularly as China intensifies military exercises to bolster its sovereignty claims.
According to a statement from the ministry, Wang met with executives on Friday from NVIDIA Corp (NVDA.O), Cisco Systems Inc (CSCO.O), Applied Materials Inc (AMAT.O), and Synopsys Inc (SNPS.O), and she “received considerable interest” from them.
