Hsiao Bi-khim (Hsiao, Vice President of Taiwan)

Thank you, and welcome to Taiwan.

Yes, well, hospitality is an important part of our culture, and we're always eager to welcome friends and eager to foster opportunities for better understanding.

So I'm really glad that you've come out all this way to do this interview, and it really demonstrates a very strong interest and commitment to a partnership and friendship between our peoples.

Oh, yeah, gummy bears.

Thank you.

Thank you.

Lake Michigan.

Thank you.

Thank you.

So do I give my present to you, too?

Okay, we can wait on that.

Yes, thank you.

Well, in the technology sector and specifically on the chips, it took us decades to build this particular capability.

It involves not only the chip-making fabs, which Taiwanese are also now investing in the United States to make them in the States.

but an ecosystem of hundreds and thousands of small and medium-sized companies, from the designers to the chemical suppliers to the machine tools, the entire ecosystem that is within a compact geographic region of the island called Taiwan.

And the logistics coordination, the integration of this ecosystem has functioned and grown in a way that is extremely efficient.

So Taiwan has been able to produce not only

the high-end, most advanced chips, but we have been able to do that in a cost-effective, efficient, and reliable way.

And I want to emphasize the word reliability because I think in technology, especially technology that empowers everything from AI to our phones, home electronics that involve privacy and confidence, trust and reliability are very important.

And so I think Taiwan has managed to integrate that cost efficiency, a comprehensive ecosystem, as well as trust and reliability that comes with our cherished value of freedom together to make Taiwan a very critical part of the global technology supply chain.