US Undersecretary of State for Economic Affairs Jacob Helberg, left, Representative to the US Alexander Yui, second right, and Minister of Economic Affairs Kung Ming-hsin, right, pose for a photograph after signing statements on the Pax Silica Declaration in Washington on Tuesday. The agreements demonstrate Taiwan’s critical role in the global AI supply chain, the Ministry of Economic Affairs said in a separate statement. “Taiwan is a vital partner on these and other important economic initiatives and its advanced manufacturing sector plays a key role in fueling the AI revolution,” the state department added. Its initial eight signatories did not include Taiwan, the world’s leading producer of advanced semiconductors. Taiwan and the US earlier this month reached a deal to reduce tariffs on Taiwan’s exports to the US, and boost Taiwanese investment in semiconductors and other sectors in the country.

Source: Taipei Times January 28, 2026 16:27 UTC