Taiwan-Brazil, Will They Cooperate to Foster the Semiconductor Industry?

[Image source=EPA Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] Taiwan, a "semiconductor powerhouse," is increasingly likely to cooperate with Brazil, a "major economy in Latin America," to foster the semiconductor industry, Hong Kong's South China Morning Post (SCMP) reported on the 6th.

According to the report, Taiwanese government and corporate officials are said to be in discussions with their Brazilian counterparts regarding the development of the semiconductor industry in the Latin American region. It appears that ways to nurture Brazil's semiconductor industry by leveraging Taiwan's semiconductor-related know-how and capital are being discussed.

SCMP reported that on the 4th, a business council meeting was held in Taipei, Taiwan, attended by government and corporate representatives from both sides, where the "potential" of the Brazilian semiconductor market was confirmed. This event was conducted with the support of the Taiwanese government.

According to the Taiwan International Economic Cooperation Association (CIECA), the trade volume between Brazil and Taiwan last year was $4.25 billion, a 40% increase compared to the previous year. Among Latin American countries, Brazil is the second largest trading partner with Taiwan after Mexico. Taiwan's Foxconn operates an assembly plant in Brazil.

Market insiders told SCMP that as cooperation between Taiwan and Brazil strengthens, Brazil's $50 billion technology sector could grow significantly, and Taiwanese semiconductor professionals may find new job opportunities in Brazil.

This report comes amid the Brazilian government's expressed intention to foster the semiconductor industry. Brazil's Ministry of Science, Technology, and Innovation announced in April its plan to expand the semiconductor sector.

However, Brady Wang, a Counterpoint Research analyst, said that Brazil's current technology sector is mostly focused on packaging and other post-processing stages, so it will inevitably take time to achieve substantial progress.

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