Taiwan considers high-tech strategic partnership with United States

Taiwan is considering forming a high-tech strategic partnership with the US, which wants increased Taiwanese investment, the island’s top tariff negotiator said on Thursday, giving an update on talks with Washington.

Taiwan, home to the world’s biggest contract chipmaker TSMC , runs a large trade surplus with the United States. The island’s exports to the US are currently subject to a 20% tariff, a figure Taipei’s government is seeking to cut.