The Chip 4 consortium, which was initiated by the United States, will hold preliminary meetings with Japan, South Korea and Taiwan, according to the micro network. The Ministry of Economic Affairs of China and Taiwan said on Wednesday that the actual contents of Chip 4 are not yet clear, but that China and Taiwan will cooperate with other countries on issues such as semiconductor supply chain cooperation and supply security of key chips.

Wang Meihua, representative of Taiwan's Ministry of Economic Affairs, spoke to the media about the impact of power rationing in Sichuan province, trade talks with the US and the Chip 4 alliance, the Economic Daily reported. Korea is expected to participate in the preparatory Chip 4 conference led by the U.S., China, Taiwan, and Japan. Wang Meihua explained that the details are not yet clear, and we will communicate with the industry to discuss related issues under this transnational cooperation. Wang Meihua stressed that Taiwan will cooperate with other countries in the semiconductor supply chain to ensure efficient supply of important chips.

In addition, China's Taiwan and the United States will hold the first round of negotiations on the 21st Century Trade Initiative in the autumn. Wang Meihua said that the Taiwan business community agrees with this.

As for the impact of power rationing in Sichuan and other provinces in China, Wang Meihua said that Taiwan businesses have to shift production or use inventory to cope, but the impact is not very big at present.