EU seeks greater Taiwanese investment as chip shortage bites
04/20/2021 6:35
TAIPEI (Reuters) - The European Union is seeking to encourage greater investment from Taiwan especially its semiconductor firms, the bloc s top diplomat in Taipei said on Tuesday, amid a global chip shortage that has impacted auto makers like Volkswagen.
Tech powerhouse Taiwan, home to companies like Taiwan Semiconductor Manufacturing Co Ltd (TSMC), has become front and centre of efforts to resolve that shortfall, whose impact is now being felt in consumer electronics too.
German Economy Minister Peter Altmaier wrote to Taiwan s government this year asking for help to ease tight chip supplies, and Europe is also encouraging more chip production at home.
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EU Indo-Pacific strategy to boost cooperation with Taiwan: envoy
04/20/2021 06:45 PM
Filip Grzegorzewski, head of the European Economic and Trade Office in Taiwan. CNA file photo
Taipei, April 20 (CNA) The European Union (EU) strategy for cooperation in the Indo-Pacific is expected to provide more opportunities for cooperation between the EU and Taiwan, according to Filip Grzegorzewski, head of the European Economic and Trade Office in Taiwan (EETO). Our strategy is based on an inclusive approach, which means that we are committed to cooperate with all partners in the region, including Taiwan, with all partners who share the same objectives with us, Grzegorzewski said during a press briefing Tuesday introducing the new strategy.
The EU on Wednesday cohosted a Global Cooperation and Training Framework workshop with Taiwan and the US. They discussed the restructuring of the global supply chain and joint financing of small and medium-sized enterprises. This was the first time the EU, represented by European Economic and Trade Office in Taiwan Director Filip Grzegorzewski, cohosted such an event.
Launched in 2015, the framework aims to help bring Taiwan’s expertise to the global stage. Essentially, it was designed to find ways to include Taiwan in global efforts, as it remains excluded from international organizations.
With Taiwan’s successful containment of COVID-19 and its vital role