Governors from the Southwestern United States are pursuing stronger business ties with Taiwan in hopes of attracting new foreign investments and jobs to their landlocked states.
Trade missions this week have taken New Mexico. Gov. Michelle Lujan Grisham and Arizona counterpart Katie Hobbs, both Democrats, to the self-governing island of Taiwan.
Construction started in 2021 on that sprawling facility that will utilize precision trademark technology for semiconductor fabrication with the capacity to produce 20,000 wafers per month. Once completed and operational next year, the plant is estimated to create 4,500 high-tech jobs. Lujan Grisham says she hopes to expand the presence in New Mexico of Taiwanese companies that already including the label printing business Cymmetrik and wire manufacturer Admiral Cable – both with facilities at Santa Teresa, New Mexico, near a port of entry for freight between the U.S. and Mexico.
At the U.N. General Assembly on Tuesday, Biden described U.S. partnerships around the globe aimed at creating economic, security and other advancements, even as he stressed that those relationships were not about “containing any country” — a clear reference to Beijing.
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