ANI
22 Jun 2022, 04:27 GMT+10
Taipei [Taiwan], June 21 (ANI): Taiwan officials have proposed to reduce sales of semiconductor chips to China to counter Beijing's ban on Taipei's agricultural and fishery products.
China has successively banned the import of Taiwan's agricultural and fishery products, Radio Free Asia reported.
Deng Zhenzhong, a political member of the Taiwan Executive Yuan who attended the World Trade Organization (WTO) ministerial meeting in Geneva has proposed a countermeasure, saying that Taiwan's biggest weapon is to reduce the export of chips to China.
Experts pointed out that this move will impact China's smartphones and electric vehicles, but the focus should be on adjusting the export structure of Taiwan's agricultural and fishery industries to meet the standards for exporting to Europe, America and Japan.
According to reports citing official data, Taiwan dominates the global market for the most advanced chips, an export worth USD 118 billion last year.
China's foreign ministry and state media did not respond to Deng Zhenzhong's statement. However, some Chinese reporters said that the vacated share of the Chinese market will naturally be broken by other countries, and Taiwan will go to a dead end, Radio Free Asia reported.
Recently, Chinese manufacturing companies have been recruiting talents from Taiwan with a salary of 2-2.5 times the average salaries and bonuses offered in Taipei, a new trick to lure the people from the island, according to a report.
Chinese officials are poaching talent in Hsinchu in Taiwan. It has also become the centre of intellectual property theft, which often follows talent recruitment. Over 100 experienced engineers and managers from Taiwan Semiconductor Manufacturing Company (TSMC) have been transferred to foundries in China in 2019 and 2020.
Overall, more than 3,000 engineers are estimated to have transferred from Taiwan to mainland companies, nearly 10 per cent of Taiwan's semiconductor research and development workforce.
Realizing that China is poaching talent, the authorities are closely monitoring the Beijing companies as the latest crackdown on the firms to protect its chip supremacy. (ANI)
Get a daily dose of Herald Globe news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Herald Globe.
More InformationDUBAI, UAE: The Arab states have built significant amounts of solar and wind power installations, and are in line to ...
LONDON, England: A second referendum on Scottish independence is set to be held in October 2023. The Scottish government, led ...
LISBON, Portugal: Tuvalu Foreign Minister Simon Kofe walked out of the opening cermonies of this week's United Nations Ocean Conference ...
SULAWESI, Indonesia: Using just a rope, an Indonesian man, supported by fellow villagers on the island of Sulawesi, captured a ...
WATFORD, UK: Watford F.C. has cancelled a friendly match against the Qatar national team due to the Gulf country's human ...
ISTANBUL, Turkey: Turkish police detained dozens of people after local authorities banned Istanbul's annual Pride parade from going ahead this ...
Left-hander Carlos Rodon will make the first start of his career against Arizona on Monday evening when the reeling San ...
A weekend sweep of the San Francisco Giants has the up-and-down Chicago White Sox feeling good about themselves again. Considering ...
The Oakland Athletics return home, but get no break in the schedule, when they open a three-game series against the ...
Atlanta right-hander Kyle Wright will try to become the second pitcher in the National League to reach 10 wins on ...
Closer Edwin Diaz has been the main constant this season for the New York Mets, who begin a three-game series ...
The San Diego Padres host the Seattle Mariners on Monday to open a two-game series between teams trying to continue ...