Taiwan looking at chip cooperation with Eastern European nations

TAIPEI, Nov 25 (Reuters) – Taiwan is looking at cooperating with three Eastern European countries on semiconductors, a minister said on Thursday, a move likely to find favour in Brussels which has been courting Taiwanese semiconductor firms to manufacture in the bloc.

Tech powerhouse Taiwan, home to companies such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW), has become front and centre of efforts to resolve a shortage of chips that has shut some auto production lines around the world and whose impact is now being felt in consumer electronics too.

While TSMC is building a $12 billion chip fabrication plant in the U.S. state of Arizona, it has given no suggestion of interest in a similar facility in Europe, despite EU efforts to spur such investment.

Kung Ming-hsin, who heads Taiwan’s National Development Council, told reporters following his visit to Slovakia, the Czech Republic and Lithuania last month that all three countries had mentioned they wanted to work on chips with the island.

Taiwan will set up working groups with the three countries to work out how to cooperate on chips, while Taiwan will also give scholarships for technical training, he added.

“The whole semiconductor supply chain is enormous. Many countries can play different roles,” Kung said.

Taiwan has been keen to express its gratitude to the three countries for their donations of COVID-19 vaccines, and also, for Lithuania and the Czech Republic’s support as Taiwan faced growing political pressure from China.

Neither the EU nor its member states have formal diplomatic ties with Chinese-claimed and democratically-ruled Taiwan, but Taipei has sought to bolster its relations with the bloc by stressing their shared values of freedom and democracy.

The European Commission has proposed legislation to boost chip production, and has angled for Taiwan’s involvement.

Kung said it would be hard for Europe to do that on its own.

“So they hope to cooperate with Taiwan,” he added.

Source: https://www.reuters.com/technology/taiwan-looking-chip-cooperation-with-eastern-european-nations-2021-11-25/

World Economic Magazine

Recent Posts

Judge Blocks New York Labor Law in Major Win for Amazon’s Workplace Policy Battle

Amazon secured a key early win as a federal judge blocked New York from enforcing…

34 minutes ago

Enthuse Foundation Announced Finalists for 7th Annual Women Founders Pitch Competition

The Enthuse Foundation has revealed the finalists for its 7th Annual Women Founders Pitch Competition,…

44 minutes ago

2nd Edition Model Risk Management, Canada

The Marcus Evans 2nd Edition Model Risk Management, Canada conference taking place in Toronto, Canada…

1 day ago

‘Grow With China’ Event Highlights Shanghai’s Expanding Role in Global Economic Growth

Economists say Shanghai is strengthening its role as China’s reform engine, accelerating innovation and global…

1 day ago

U.S. Consumers Plan to Spend Nearly $80 Billion During Black Friday

U.S. shoppers are set to spend nearly $80 billion this Black Friday and Cyber Monday,…

3 days ago

Waiken’s $450 Million Bet on Latin America: A Strategic Push into Connectivity and Content

Waiken has unveiled a US$450 million investment plan through 2031 to strengthen its entertainment and…

3 days ago