Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United States. In a stark illustration of the shift, the U.S.
A worker walks past the logo of the factory of King Yuan Electronics Co. after work in Miaoli County, western Taiwan , May 9, 2024. In late April 2024, King Yuan Electronics Corp., a Taiwan ese company specializing in semiconductor testing and packaging, said it was ending its two-decade-long run in mainland China by selling off its entire stake, worth $670 million, in its venture in the eastern Chinese city of Suzhou. A worker leaves the factory of King Yuan Electronics Co.
King Yuan Electronics Corp., a Taiwanese company specializing in semiconductor testing and packaging, said last month that it would sell off its $670 million stake in a venture in the eastern Chinese city of Suzhou. KYEC cited geopolitics, the U.S. export ban on advanced chips to China and Beijing’s policy of seeking self-sufficiency in the technology.
The recent trade data reflect “the strategy from both Taiwan and the U.S. to reorient that trade in an effort to de-risk from China,” said Hung Tran, a nonresident senior fellow with the Atlantic Council’s GeoEconomics Center. When the independent-leaning Democratic Progressive Party gained power in Taiwan in 2016, the new government put forward a policy toand boost economic ties with other countries in the region, especially in Southeast Asia. Unhappy Beijing turned to its economic leverage to try to bring Taiwan to heel.
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