Lai Ching-te meets with founder of the Traditional Foundation, advocates for chip supply chain democracy.

Taiwan President Lai Ching-te met with a delegation from the American think tank “Heritage Foundation” on Tuesday (March 4). He mentioned that Taiwan ranked 4th globally in the 2025 Economic Freedom Report and expressed his hope to collaborate with democratic partners to build a more resilient and diversified semiconductor supply chain.

President Lai emphasized the importance of economic freedom and highlighted Taiwan’s efforts to enhance its semiconductor industry. The meeting with the delegation from the Heritage Foundation reflected a shared commitment to promoting economic development and strategic partnerships between Taiwan and the United States.

The 2025 Economic Freedom Report’s recognition of Taiwan’s achievements in economic freedom signifies the country’s commitment to creating a conducive environment for businesses and fostering innovation. Taiwan’s semiconductor industry plays a crucial role in the global supply chain, and efforts to strengthen this sector align with the government’s vision for sustainable economic growth.

Collaboration with organizations like the Heritage Foundation allows Taiwan to exchange ideas and best practices in promoting economic freedom and fostering an environment conducive to investment and entrepreneurship. By partnering with like-minded democratic allies, Taiwan aims to enhance its competitiveness and contribute to the development of a vibrant global economy.

President Lai’s meeting with the delegation underscored Taiwan’s commitment to strengthening international partnerships and promoting shared values of democracy, economic freedom, and technological innovation. The discussions held during the meeting centered around strategies to further advance Taiwan’s semiconductor industry and bolster collaboration with key stakeholders in the United States.

As Taiwan continues to enhance its economic capabilities and promote technological advancements, partnerships with organizations such as the Heritage Foundation provide valuable insights and opportunities for cooperation. The government’s proactive approach to engaging with international partners reflects its dedication to fostering a dynamic and resilient economy that benefits both Taiwan and its global partners.

In conclusion, President Lai’s meeting with the Heritage Foundation delegation marks another step towards deepening cooperation between Taiwan and the United States in the realm of economic freedom and semiconductor industry development. Such collaborations aim to propel Taiwan’s economic growth and reinforce its position as a key player in the global technology landscape.