TAIPEI (Taiwan News) — Former National Science and Technology Council (NSTC) Minister Wu Tsung-tsong (吳政忠) said Taiwan’s semiconductor strategy will continue to seek win-win opportunities on Friday (May 24).

Invited by Stanford University’s Hoover Institution, Wu participated in a closed-door meeting about the U.S. CHIPS and Science Act, sharing perspectives on Taiwan’s semiconductor industry, per CNA.

During his tenure at the NSTC, Wu said Taiwan’s technological prominence increased due to geopolitical events, such as the Russo-Ukrainian war, and the COVID-19 pandemic. He added that Taiwan's semiconductor policy remains unchanged, emphasizing the principles of win-win and mutual concessions in international cooperation.

Wu said that Taiwan’s Statute for Industrial Innovation launched last year differs from other countries’ short-term, large subsidies to support the semiconductor industry. 

“Taiwan has invested NT$300 billion (US$9.2 billion) over 10 years, integrating generative AI applications to foster innovation across various sectors,” he explained.

“By training talent overseas now, they will learn the ‘Taiwan model,’” he said. “Taiwan's comprehensive semiconductor ecosystem makes it an ideal candidate for training talent.”

The former minister analyzed the situation by saying, “With a new government taking office in Taiwan and the U.S. presidential election scheduled for November, international changes are influencing policy decisions.”