A United States-led proposed chip alliance is aimed not only at boosting chip production but is also seen as a U.S. move to counter China's growing influence in the global chip market, a Taiwanese economic analyst said Sunday.

The Chip 4 alliance is a proposed alliance of semiconductor powerhouses in the U.S., Taiwan, Japan, and South Korea to enhance cooperation on the design and production of sophisticated semiconductors.

As a preliminary meeting of the alliance is reportedly expected to take place at the end of August or in early September, Taiwan's Ministry of Economic Affairs has proposed to continue collaborating with the U.S. on supply chain resilience and industrial cooperation as well as semiconductor supply security.

Roy Lee deputy executive director of the Taiwan WTO & RTA Center at the Chung-Hua Institution for Economic Research, said that the ministry's proposal to cooperate on supply chain security was made with Taiwan's needs in mind.

Although Taiwan is strong in semiconductor foundries, it relies on the U. S. and Japan for the supply of equipment and materials, Lee said, adding that there are areas where the three countries are reliant on each other.

If the U.S. aims only to bring semiconductor production back home, it actually only needs to negotiate with individual countries, said Lee.

As such, it is believed that the U.S. may want to work with Taiwan, Japan, and South Korea to impose controls on semiconductor exports and technology outflows and thus form an anti-China group to exclude China from global semiconductor supply chains, Lee explained.