Discussions of organizing a “Chip 4” meeting have been had between the United States, South Korea, and Japan with later plans to add Taiwan into the mix due to its close cooperation with the United States and global supply chains. However, Taiwan has indicated it has yet to hear of any “Chip 4” meeting.

Park Jin, South Korea’s Foreign Minister, said that the country would send officials to attend the meeting of “Chip 4” meeting which would include four major chip manufacturing nations. The meeting is to be had during a time in which suppliers are struggling to not only produce computer chips but also struggling to ship them out. The so-called “global chip crunch” took effect nearly two years ago as the Covid pandemic came to fruition. The meeting has also been sparked by a recently passed law in the United States called the CHIPS Act that would give $52 Billion worth of subsidies to companies making chips and conducting research domestically.

Japan and South Korea have been sought out by the Biden administration to form deeper ties as competition with China continues to scale. No details have been announced for the “Chip 4” meeting yet.

"In past exchanges and dialogue between Taiwan and the United States, the United States did propose similar ideas, but there was no specific content at the time.”

The Taiwan Economy Ministry said.

Both Taiwan and South Korea are the largest chip manufacturing countries. TSMC, in Taiwan, produces about 54% of the global market for contractually produced chips. Companies such as Apple and Qualcomm are supplied through the Taiwanese giant. Samsung is located in South Korea and also supplies more than half of the global memory chip market.