Taiwan Relying on Global Allies for Rare Earths Amid China's Export Restrictions

Taiwan is monitoring Chinas new restrictions on rare-earth elements, crucial for its semiconductor industry, as it relies on allies in Europe, the United States, and Japan for supplies.

• Chinas recent export curbs on rare-earth elements include heightened scrutiny for users in the semiconductor industry, prompting Taiwan to evaluate potential supply chain disruptions.
• Taiwans economy ministry reports that while it primarily sources rare-earth materials from Europe, the United States, and Japan, the new restrictions from Beijing could lead to cost fluctuations.
• The semiconductor industry in Taiwan is vital to its economy, making the impact of Chinas export restrictions particularly concerning as global demand for chips continues to rise.