News release

TAIPEI, TAIWAN – Governor Doug Ducey showed up Saturday in the Taipei having a great four-day trading mission to Taiwan and Republic from Korea that have a focus on strengthening Arizona’s really-created partnerships with the several Far-eastern people.

The brand new governor’s packed itinerary includes meetings having Taiwan President Tsai Ing-wen or other officials plus conversations on the frontrunners off large-technology design enterprises. Brand new governor will also send a great keynote address so you’re able to a meeting out-of American and you can Taiwanese organization management.

Following the target, the fresh governor often support brand new finalizing out-of a beneficial Memorandum regarding Facts amongst the County regarding Arizona together with Taiwan Ministry away from Studies. The MOU, which is finalized of the Arizona Panel of Regents and its own similar for the Taiwan, encourages cooperation inside higher education together with staff members knowledge.

“Washington keeps advanced level relationships with Taiwan as well as the Republic away from Korea,” said Governor Ducey. “The purpose of so it trade objective is to simply take these relationships one step further – to strengthen her or him, grow him or her and make certain they will still be collectively of use.”

Last year, bilateral trade totaled $step one.92 million anywhere between Washington and you craigslist personals will Taiwan and you can $882 billion anywhere between Washington therefore the Republic away from Korea. Governor Ducey first decided to go to Taiwan 17 in years past. This might be 1st stop by at the latest Republic from Korea.

“Arizona enjoys solid monetary partnerships grounded on circles like tech and you can development – specifically inside the semiconductor business,” Governor Ducey told you. “It is a privilege to again get in Taiwan and you will see our partners on the Republic out-of Korea in order to reaffirm our mutual opinions and you may strengths. We enjoy building toward many options to come.”

Signing up for the new governor would-be President and you will Chief executive officer of your Washington Business Authority Sandra Watson and you will Chairman of your own Washington Chamber out-of Commerce and Industry Danny Seiden.

Less than Governor Ducey’s leaders, Arizona emerged while the a global advanced design epicenter, along with inside elements such as for instance semiconductors, electric batteries and you may digital car. Partnerships which have Taiwan together with Republic of Korea were main to that profits.

Arizona’s funds this season included guidelines creating the new country’s basic international change offices into the Taiwan plus the Republic away from Korea. Brand new organizations have a tendency to launch later this year.

Governor Ducey Excursion in order to Taiwan, Republic off Korea To help expand Good Relationship

Arizona’s active company ecosystem with Taiwan’s additionally the Republic from Korea’s creative markets is actually a yes recipe to achieve your goals.

TSMC’s landmark $12 billion financing – called the newest “ offer of one’s years ” – to build good semiconductor fab inside Phoenix has unwrapped the fresh new options getting collaboration from inside the personnel training and higher training. Up to 750 Arizona professionals on the latest fab have previously begun training to another country for the Taiwan.

With build done toward TSMC’s outside studio, the fresh new advanced design fab is found on song to begin processor chip manufacturing by 2024. TSMC’s financing keeps attracted a number of Taiwan-depending suppliers so you’re able to together with grow when you look at the Washington. At this point, launched provider assets already complete more than $1 billion.

Republic out-of Korea-founded LG Energy Solution announced an initial capital out of $step one.cuatro billion inside the April to create its very first ever cylindrical-sort of battery pack business from inside the America, carrying out a huge number of services.

For more than 25 years, Taiwan pilots flying the brand new F-sixteen combatant jet enjoys taught at Luke Heavens Force Feet west regarding Phoenix.

In the COVID-19 pandemic, as the Arizona knowledgeable the very early increase out-of instances, Taiwan are brief in order to part of to greatly help. The Taiwan Regulators amply contributed more two hundred,000 surgical and you will N-95 face masks. TSMC including considering nearly 430,100 items of PPE along with masks, face shields, goggles, and medical gowns.

Washington in recent years might “ semiconductor central .” The state enjoys more than 205 semiconductor development institutions into the Washington, as well as such globe titans or other leadership such as: Qualcomm, NXP, Microchip, Into Semiconductor, Standard Electronic devices and much more.

These companies keeps aided carry out more than 23,100 design services. Organization Institution Journal ranking Washington the fresh new #3 state in the country to possess semiconductors.