How will the U.S. Chip Act affect Taiwan's economy?

Taiwan's "General Accounting Office" released its latest economic forecast yesterday, which substantially revised down the economic growth rate for this year and next. Among them, it pointed out four uncertain factors affecting the economy, including the US Semiconductor Act. Taiwan's "General Accounting Office" stated that the direct impact of the U.S. chip bill on Taiwanese manufacturers is that they cannot export to the mainland, and the indirect impact is that the mainland's demand will decrease, resulting in a reduction in orders to Taiwan. There are some uncertainties overall, but they are not obvious. influencing factors.

Taiwan's "General Office of Accounting and Accounting" today significantly revised down the economic growth rate for this year and next year to 3.06% and 2.75%. It lists four major uncertainties affecting Taiwan's economic prospects, namely, the impact of the adjustment process of mainland China's blockade measures on the global economy, the impact of the monetary policies of various countries and the trend of the US dollar on the international financial market, and the impact of the US chip bill and similar European bills on the global economy. The impact of the adjustment of the global semiconductor supply chain, as well as the impact of the Russo-Ukraine war, geopolitical risks in the Middle East and extreme weather on the price trend of international raw materials.

Regarding the impact of the U.S. Chip Act on Taiwan's economy, Cai Yutai, director of the Comprehensive Statistics Division of Taiwan's "General Accounting Office", analyzed that the impact of the Chip Act on Taiwan is important industrial exports and production activities. The direct impact is that if there are certain U.S. equipment or technologies, Cannot be exported to the mainland; some are indirect effects, for example, some cannot be produced in mainland China, or the mainland will not place an order if there is no demand, or even if the mainland purchases high-end chips from the United States, the United States will place an order for Taiwan. This part will be discussed later No. But relatively speaking, many orders originally supplied by the mainland may be transferred to Taiwan, which will have the effect of order transfer.

He said that these will be important factors affecting key industries, but because Taiwan has also introduced a semiconductor tax incentive bill, this part has not been taken into consideration this time.