TAIPEI (Taiwan News) — Taiwan’s chip success is rooted in decades of hard work, but its future depends on forging deeper international partnerships, Industrial Technology Research Institute said Friday.

Speaking at a supply chain forum in Taipei, ITRI Senior Vice President Su Meng-jung (蘇孟宗) urged Taiwanese firms to embrace global collaboration to diversify supply chains and develop advanced technologies, per CNA.

Su said the global semiconductor market rebounded last year, driven by AI, and could reach NT$29.98 trillion (US$1 trillion) in value. Despite recent volatility, he said long-term prospects remain strong.

He explained that while semiconductors originated overseas, particularly with Bell Labs’ invention of the transistor, Taiwan has built its global leadership through five decades of dedication and strategic cooperation with partners in the US, Japan, the Netherlands, and the UK.

Su added that the pandemic and rising geopolitical tensions have prompted chipmakers to prioritize resilience and reduce risk. He called for international collaboration in cultivating semiconductor talent, stressing that future growth hinges on building a robust workforce across borders.

ITRI President Liu Wen-hsiung (劉文雄) echoed the message, framing the industry’s future around four key pillars: innovation, supply chain security, resilience, and shared prosperity. He said building regional platforms in Europe, the US, and Japan will be essential for long-term stability.