‘Quad’ countries to agree on secure microchip supply chains-media By Reuters
[ad_1]

TOKYO (Reuters) – Leaders of the United States, Japan, India and Australia will agree to take steps to build secure semiconductor supply chains when they meet in Washington next week, the business daily said on Saturday, citing a draft of the joint statement.
The first summit in person of “Quad” leaders will be hosted by Joe Biden, the U.S. president. These countries have been trying to increase cooperation to counter China’s assertiveness.
According to the draft, in order create strong supply chains, four countries will assess their supply capacity and determine vulnerability. The Nikkei did not reveal how they obtained it.
According to the newspaper’s web site, this statement states that advanced technology should not be used without respecting human rights.
While the draft does not mention China, it is intended to prevent China’s use of technologies to maintain an authoritarian regime spreading around the globe, according the Nikkei.
China and the United States are in conflict over a range of issues, including technology and trade. However, Biden stated in April that Japan and China, an ally of the United States, would invest in 5G and supply chain technologies.
At the Japanese foreign minister, no officials could be reached for comment immediately.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.
[ad_2]