Rep. Chris Smith (R-NJ), who serves as Co-Chair of the Congressional-Executive Commission on China, released a statement after the U.S. Department of Commerce announced a significant trade agreement between the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States. The agreement aims to boost Taiwanese investment in U.S. semiconductor supply chains, with an emphasis on reducing global dependence on Chinese technology.
Smith commented, “Today’s momentous trade agreement—achieved by President Trump—is mutually beneficial to both nations and reinforces the integral, symbiotic relationship between the United States and Taiwan.”
He added that “Critically, Taiwan—a global semiconductor giant—has agreed to invest $250 billion in U.S. semiconductor supply chains, including the establishment of top-notch industrial parks that can produce chips and other technological infrastructure on U.S. soil. Taiwan’s investments will also help advance U.S. energy and artificial intelligence production, creating countless jobs and bolstering our economy.”
Smith further stated, “Similarly, Taiwan will facilitate U.S. investment in its semiconductor, biotechnology, defense technology, telecommunications, and AI sectors, strengthening the collaborative relationship between our two nations and expanding vital market access for American businesses.”
He emphasized the importance of this partnership amid ongoing competition with China: “At a critical moment when the United States and Communist China are locked in a tight race for technological dominance, Taiwan’s impressive investment in U.S. technological development makes a world of difference. By standing and working with Taiwan, our loyal ally, we can ensure that the PRC’s attempts at global technological dominance are overshadowed by the U.S.-Taiwan technological partnership and superior ingenuity.”
Chris Smith has been representing New Jersey’s 4th District in Congress since 1981 after succeeding Frank Thompson. He was born in Rahway, New Jersey in 1953 and currently resides in Manchester Township. Smith earned his BS from The College of New Jersey in 1975.
