Taiwan touts $900 million in new business through meetings in Silicon Valley

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TAIPEI, Oct 15 (Reuters) – Taiwan’s economy minister has boosted T$30 billion (US$940 million) in new deals during meetings with top executives from four big tech companies in California’s Silicon Valley, the ministry said on Saturday With.

Wang Mei-hua was in the United States all week responding to what her office called “concerns” about supply chains and geopolitical issues.

Taiwan is a major semiconductor producer, home to the world’s largest contract chip manufacturer, Taiwan Semiconductor Manufacturing Corp (2330.TW), and supplies most of the world’s major technology companies.

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The island’s position as a producer has raised concerns in the United States over its reliance on Taiwan, especially as China steps up military exercises to assert its claims to sovereignty.

Wang met with executives from NVIDIA Corp (NVDA.O), Cisco Systems Inc (CSCO.O), Applied Materials Inc (AMAT.O) and Synopsys Inc (SNPS.O) on Friday, the ministry said in a statement, adding that they “great interest” from them.

“The visits are expected to bring back more than T$30 billion worth of US investment in R&D and orders in Taiwan,” it said, without elaborating.

The ministry said Wang met with NVIDIA CEO Jensen Huang, Applied Materials CEO Gary Dickerson, Cisco senior vice president and global innovation officer Guy Diedrich, and Synopsys chairman and CEO Aart de Geus.

NVIDIA declined to comment on the meeting. The other three companies did not immediately respond to requests for comment.

Wang said Tuesday that if Taiwan remains safe, global supply chains of vital semiconductors will also be safe. Continue reading

($1 = 31.9720 Taiwan Dollars)

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Reporting by Ben Blanchard; Adaptation by William Mallard

Our standards: The Thomson Reuters Trust Principles.

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