By AZ Business Magazine | AZ Big Media
The Taiwan-USA Industrial Cooperation Promotion Office (TUSA), under the aegis of the Ministry of Economic Affairs (MOEA), and the Greater Phoenix Economic Council (GPEC), on Tuesday signed a Memorandum of Understanding (MOU) on industrial cooperation with the aim to foster closer partnership between Taiwan and Arizona. The MOU signing took place at the 2021 Taiwan–Arizona Forum on Industrial Cooperation & Business Opportunities.
“Signing of the MOU encourages both sides to move toward a tighter bilateral industrial cooperation, particularly on the heels of Taiwan Semiconductor Manufacturing Company’s plan to build a $12 billion fab in Arizona,” said Chih-Ching Yang, deputy director general of the Industrial Development Bureau (IDB). “Taiwan is a semiconductor powerhouse, fetching more than one fifth of the world’s chip manufacturing capacity and Arizona’s strong high-tech presence and innovation ecosystem have made it home to a host of heavy-weight manufacturers. Increased demand for electronics drives a growth in the demand for chips.”
