America is leaning on its friends in Japan, Singapore, South Korea and Taiwan to join the tech fight against China. They are reluctant to play ball
Save time by listening to our audio articles as you multitaskThose waging war usually seek allies. America is duly leaning on its Asian friends, including Japan, Singapore, South Korea and Taiwan , to join the tech fight against China. For example, it has for months been urging Japan, another tech giant, and the Netherlands, home to, a crucial supplier of chip-manufacturing technology, to enshrine its tech goals in a trilateral pact.
That even goes for Taiwan, the world’s pre-eminent semiconductor powerhouse, which is firmly in the Western camp and subject to relentless Chinese bullying. China accounts for over a quarter of the global annual demand for semiconductor equipment. About 60% of the chips Taiwan makes are sold to it, Tony Phoo of Standard Chartered, a bank, estimates.
Such “friend-shoring”, a euphemism for shifting sensitive operations out of or farther away from China, helps allay American fears over high-tech supply chains. But, say Asian policymakers and companies, there are limits to it. In South Korea, there is resentment over American protectionism benefiting home-grown firms. In theory, foreigners manufacturing in America are eligible for subsidies. But local-content rules are hard to satisfy. South Korean makers of electric vehicles in America transgress them because they use Chinese batteries.
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