US EditionTaiwan Chip Sector Urged to Reduce Reliance on China's Rare Earths
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2 Articles
Taiwan chip sector urged to reduce reliance on China's rare earths
Dec. 4, Taipei (CNA) Taiwan should reduce its reliance on China for rare earth supplies to safeguard its semiconductor industry, the Australian New Zealand Chamber of Commerce in Taiwan (ANZCham Taiwan) said Wednesday, suggesting Australia as an alternative.
Taiwan imports over 95% of its rare earth elements from China. The Australia and New Zealand Chamber of Commerce and Industry (ANC) released its annual white paper today, pointing out that Taiwan's high-tech industries rely on key mineral supply chains. Any geopolitical tensions or export restrictions could jeopardize raw material supplies and consequently impact national economic security. The white paper recommends that Taiwan and Australia de…
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