The idea of a more transparent system of control over the supply of semiconductor components was expressed by many American politicians and officials, and can now be implemented on the Indo-Pacific Economic Framework for Prosperity, presented by President Biden of the United States in May this year, with 14 countries joining the initiative to effectively address resource constraints.
As Nikkei Asian Review explains, in this U.S. alliance as a leader, it is going to create a redistributive system in times of crisis, involving not only paraconductive components but also medical equipment. Crisis events may mean both pandemic and regional military conflicts. This week, a two-day IPEF meeting is scheduled to take place in Los Angeles.
The Alliance is composed of the following countries: the United States, Australia, Brunei, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Fiji, Thailand and Viet Nam. It should be noted that Taiwan has not joined the merger, although it is a key supplier of the same semiconductor components.
In addition to the conductors, the system will extend to personal protective equipment, rare earth materials and batteries for fixed electrical storage systems. If agreement is reached on the key points of implementation of the plan, the parties will begin work next year. Some of the countries in the region, as explained by the source, are not prepared to join IPEF because of China ' s absence from this merger, as this country is an important source of supply for many scarce goods.