Taiwan is selling more to the US than China in major shift away from Beijing
WASHINGTON (AP) — Whether it’s tapioca balls or computer chips, Taiwan is stretching toward the United States and away from China — the world’s No. 2 economy that threatens to take the democratically ruled island by force if necessary.
That has translated to the world’s biggest maker of computer chips — which power everything from medical equipment to cellphones — announcing bigger investments in the U.S. last month after a boost from the Biden administration. Soon afterward, a Taiwanese semiconductor company said it was ending its two-decade-long run in mainland China amid a global race to gain the edge in the high-tech industry.
These changes at a time of an intensifying China-U.S. rivalry reflect Taiwan’s efforts to reduce its reliance on Beijing and insulate itself from Chinese pressure while forging closer economic and trade ties with the United States, its strongest ally. The shift also is taking place as China’s economic growth has been weak and global businesses are looking to diversify following supply chain disruptions during the pandemic.
Related articles
- Barry Keoghan was back on the red carpet as new film Bird was launched at the 77th annual Cannes Fil2024-05-18
Beijing base to bring in 50 giant pandas in 2025
BEIJING, Feb. 28 (Xinhua) -- The Beijing base of the China Conservation and Research Center for Gian2024-05-18America's 'most disappointing' tourist attraction is getting a $550M makeover
The birthplace of Texas liberty is getting a $550 million makeover after being dubbed one of the Ame2024-05-18China introduces measures to support overseas investment in domestic sci
BEIJING, April 19 (Xinhua) -- Chinese authorities released a document Friday introducing new measure2024-05-18Emily Ratajkowski dazzles in plunging spiral print dress at the 2024 Whitney Gala
Emily Ratajkowski, Clare Danes, and Ashley Olsen were among the stars enjoying a fashionable night o2024-05-18With homelessness on the rise, Supreme Court to weigh bans on sleeping outdoors
WASHINGTON (AP) — The Supreme Court will consider Monday whether banning homeless people from sleepi2024-05-18
atest comment