From Tom's Hardware: The U.S. and Taiwan have been engaged in months-long bipartisan trade talks since the Trump administration took over, negotiating largely around the tech both countries hold. According to Bloomberg, the latest progress stemming from these discussions is a potential new high-tech strategic partnership dubbed the "Taiwan Model" by Vice Premier Cheng Li-chiun, that would involve Taiwan striking a balance between domestic importance and foreign soil influence. The deal largely echoes prior developments between the two nations and hasn't been formalized yet.
The Taiwan Model, put forth by a delegation sent to the U.S. during September 25-29, is essentially a proposal to keep the U.S. happy while ensuring that most of Taiwan's chip production remains in the country. Vice Premier Cheng-Li-chiun led the envoy, saying that this alliance will help Taiwanese companies invest in America easily, letting the firms themselves choose how/where to put their money.
Taipei will provide export credit guarantees and an investment insurance scheme that would make it less risky for local businesses to invest in the United States. The country will also share its extensive experience in building science parks, allowing the U.S. to strengthen its own. In exchange, the U.S. will offer land, visas, and improved regulations to assist the effort.
View: Full Article
