Taiwan joins world chip trade council

Taiwan joins world chip trade council
Tom Foremski
The influential World Semiconductor Council (WSC) will allow Taiwan to become a member after a long evaluation process.
Taiwan, however, is being asked to eliminate all import tariffs on chips as a condition of its admission. The WSC had resisted allowing Taiwan into the organisation because of fears about upsetting China, which has also applied for membership.
The WSC agreed to allow China to become a member if it also agreed to scrap all chip import tariffs.
At last week’s meeting of WSC members, the US based Semiconductor Industry Association upset South Korean representatives by trying to introduce a last minute resolution that Korean chip makers not use money from the International Monetary Fund to prop up their ailing chip companies.

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