Taiwan to Promote Semiconductor Cooperation with Three Eastern European Countries

[Asia Economy Reporter Yujin Cho] Taiwan is reportedly pursuing semiconductor cooperation with three Eastern European countries?Lithuania, the Czech Republic, and Slovakia?according to major foreign media on the 25th (local time).

According to reports, a delegation led by Kung Ming-hsin, Chairman of Taiwan's National Development Council (NDC), visited these three countries last month to explore cooperation measures in the semiconductor sector.

Chairman Kung stated, "The nine-day visit focused on the development of Europe's semiconductor industry marked a historic turning point in Taiwan-Europe relations."

He added, "The entire semiconductor supply chain is vast," suggesting the possibility of diverse cooperation as "many countries can play different roles."

As part of this, Chairman Kung announced plans to provide scholarships enabling these three countries to complete semiconductor-related training and education programs.

Chairman Kung expressed gratitude for the COVID-19 vaccine supplies from these three countries, especially thanking Lithuania and the Czech Republic for their support amid increasing political pressure from China.

Earlier, starting with Lithuania in June, these countries successively provided vaccines to Taiwan, which led to China's backlash demanding adherence to the 'One China' principle.

TSMC, Taiwan's semiconductor foundry giant and the world's largest, is investing approximately $12 billion (about 14.3 trillion KRW) to build a semiconductor factory in the United States and has announced plans to establish a semiconductor plant in Japan as well.

European countries are also actively seeking semiconductor investments, but TSMC has yet to announce plans to build factories in Europe.

This content was produced with the assistance of AI translation services.