Taiwan President Tsai Ing-Wen told local media that she believes Taiwan can become self-sufficient when it comes to semiconductor equipment, although it obviously won’t happen overnight. The source said the issue is largely being considered in connection with the pandemic, which disrupted production and delivery systems, affecting most of Taiwan’s industries.
In 2021, Taiwanese semiconductor companies invested about $363 billion, of which 70% was in equipment, with about $21.8 billion of that money directed towards imported equipment, the president said. It also shows that local semiconductor manufacturers have a lot of work to do, especially if they intend to catch up with their international competitors. The local semiconductor equipment industry grew by 28.7% in 2021, although it was still relatively small at $4.2 billion. Tsai Ing-Wen expressed her full confidence that Taiwan has the ability to produce all the semiconductor equipment needed by the local industry.