United States, Japan, India and Australia will agree on a secure microchip supply chain-media

United States, Japan, India and Australia will agree on a secure microchip supply chain-media

Nikkei quoted a draft joint statement on Saturday saying that the leaders of the United States, Japan, India and Australia will agree to take steps to establish a secure semiconductor supply chain when they meet in Washington next week.

US President Biden will host the first face-to-face summit of the leaders of the “four nations”. The four countries of the United States, Japan, India, and Australia have been seeking to strengthen cooperation to contain China’s increasingly tough momentum.

Nikkei reported that the draft said that in order to establish a sound supply chain, the four countries will determine their semiconductor supply capabilities and identify weaknesses. Nikkei did not disclose how it obtained the document.

Nikkei said on its website that the statement also stated that the use of advanced technology should be based on rules that respect human rights.

Nikkei said that the draft did not mention China, but the move was designed to prevent China from spreading to other parts of the world by using technology to maintain its authority.

The United States and China diverge on various issues including trade and technology, and Biden said in April that the United States and its ally, Japan, will jointly invest in areas such as 5G and semiconductor supply chains.

No official from the Japanese Ministry of Foreign Affairs immediately commented.

Greg Downing is passionate about business news with over 5 years in the industry starting as a writer working his way up into senior positions. He is the driving force behind analystsbuzz.com with a vision to broaden the company’s readership throughout 2016.Greg Downingis a Master in Business Administration by education. After completing her post-graduation, Gregjumped the journalism bandwagon as a freelance journalist.

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