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Taiwan strives to become self-sufficient in semiconductor equipment

News Snapshot:

Taiwan President Tsai Ing-Wen told local media that she believes Taiwan can become self-sufficient when it comes to semiconductor equipment, although it obviously won’t happen overnight. The source said the issue is largely being considered in connection with the pandemic, which disrupted production and delivery systems, affecting most of Taiwan’s industries. In 2021, Taiwanese semiconductor companies invested about $363 billion, of which 70% was in equipment, with about $21.8 billion of that money directed towards imported equipment, the president said. It also shows that local semiconductor manufacturers have a lot of work to do, especially if they intend to catch…

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