Taiwan’s energy supply is also secure, with 145 days of oil reserves and diverse supply sources, while for liquefied natural gas, or LNG, there are also diverse supply sources.
Taiwan’s chip makers use very little palladium, and neither Ukraine nor Russia is a major source for it, the cabinet said in a statement. Domestic companies also have the ability to refine and “rebuild” palladium, so there should be no impact, it said.
For Neon and C4F6, there are already stocks on the island, and supply chains diversified, so “the near-term impact is not large”, the cabinet said.
Taiwan’s energy supply is also secure, with 145 days of oil reserves and diverse supply sources, while for liquefied natural gas, or LNG, there are also diverse supply sources.
Taiwan’s government announced on Friday it would impose sanctions on Russia for its invasion of Ukraine, though it gave no details and the island’s exports to the country are minimal.
On financial markets, the cabinet said the Taiwan dollar exchange rate was relatively stable, but the central bank would keep a close watch and take “appropriate management measures” if needed.
The cabinet said that the finance ministry would also work to stabilize the stock market if needed.
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