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Taiwan, on chip information request, says respects US laws By Reuters

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© Reuters. FILE PHOTO A wafer measuring 12 inches is taken at Taiwan Semiconductor Manufacturing Co., (TSMC), in Hsinchu on June 15, 2010. REUTERS/Pichi Chuang

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TAIPEI (Reuters) – Taiwan respects U.S. commercial law and rules but will help Taiwanese companies if they receive any “unreasonable requests”, the government said on Thursday after the United States pressed firms to provide information on the semiconductor crisis.

The White House requested information from chip companies, automakers, and other entities last week about the chip shortage, which has caused cuts in U.S. automobile production.

Gina Raimondo Secretary of Commerce stated that it was possible to request information in 45 days about the chips crisis. Also, if the companies do not respond to the voluntary request then “we have other tools” that will require them give data.

The Taiwanese Economy Ministry responded to the U.S.’s request for information. It stated that it was standard for companies in Taiwan to provide data voluntarily and not just to U.S.-based companies. Taiwan is a significant semiconductor producer.

According to the ministry, Wang Mei-hua is its minister. He has also spoken with businesses about this matter.

The U.S. and Taiwanese governments have created multiple communication channels and maintain a seamless flow of information. The ministry stated that Taiwan understands U.S. commercial laws.

The ministry stated that if our companies are subject to unreasonable competition in international markets, the government would provide the necessary support and voice concern in order not for Taiwanese businesses to compete in this arena alone.

The White House met with Taiwan Semiconductor Manufacturing Co Ltd. (TSMC), which is the largest manufacturer of contract chips.

The company stated that it was working together with all parties to solve the problem and had taken unprecedented actions to tackle the issue.

TSMC pledges to invest $100 billion in the next three-years to increase chip capacity.

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