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Bloomberg Quicktake: Now published this video item, entitled “Biden Administration Pressing Taiwan, Allies on Auto Chip Shortage” – below is their description.
President Joe Biden’s top economic adviser, Brian Deese, has sought the Taiwanese government’s help resolving a global semiconductor shortage that’s idling U.S. car manufacturing plants, according to a letter reviewed by Bloomberg News.
In the letter, Deese thanked Taiwan’s minister of economic affairs, Wang Mei-hua, for her personal engagement on the microchips shortage and relayed concerns from U.S. automotive companies.
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Brian DeesePhotographer: Ken Cedeno/CNP/Bloomberg
Deese’s letter shows that top White House officials have become involved in trying to resolve the shortage, which has presented an early challenge to Biden’s administration. Deese, the director of the National Economic Council, as well as National Security Adviser Jake Sullivan are both personally engaged in the effort to address bottlenecks in auto companies’ supply chains, a White House spokesperson said.
The spokesperson asked not to be identified by name because the talks have been private. Wang told reporters Thursday that she hasn’t received a letter from Deese and reiterated that Taiwan’s chipmakers are trying to resolve the supply constraints.
The administration is engaging with international partners and allies to encourage them to take steps to address the shortage, but all sides recognize it’s not a short-term crisis, the White House spokesperson said. More will have to be done to prevent similar shortages in the future, the spokesperson added.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Taiwan
The political status of Taiwan is complicated. The Republic of China (ROC) is no longer a member of the UN, having been replaced by the People’s Republic of China (PRC) in 1971. Taiwan is claimed by the PRC, which refuses diplomatic relations with countries that recognise the ROC. Taiwan maintains official diplomatic relations with 14 out of 193 UN member states and the Holy See.