The third edition of the EU Investment Forum would be held in Taipei next month, focusing on opportunities in sustainable industries in the EU, the European Economic and Trade Office (EETO) said on Wednesday.
The one-day event, to be held on Oct. 25, would include a series of discussions on how Taiwan and the EU can collaborate on building a sustainable future, the office said.
Kerstin Jorna, director-general of the European Commission’s Department of Internal Market, Industry, Entrepreneurship and SMEs, would deliver a keynote address, titled the “European Green Deal: A transition toward climate neutrality, circular and competitive economy,” the office said.
Other participants would provide information about the investment environment, regulations and policies in the EU, with regard to various industries in different nations, it said.
President Tsai Ing-wen (蔡英文), Minister of Economic Affairs Wang Mei-hua (王美花) and other top government officials are scheduled to attend the opening ceremony, the office said.
EETO Director Filip Grzegorzewski told a news conference that the EU has resources such as professional workers, top academic and research institutes, and excellent infrastructure.
It would be in the interest of Taiwanese companies to invest in the EU’s 27 member nations and benefit from its single market, he said.
As the biggest investor in the nation, the EU has “a commitment to Taiwan,” and sees the nation as a “like-minded partner” and “a fellow democracy” that values the rule of law, Grzegorzewski said.
“We want to see Taiwan grow; we want to see Taiwan develop. We want Taiwan to internationalize... We want Taiwan to be part of the international community,” he said.
Amid global challenges, such as supply chain disruptions and energy crises, Taiwan and the EU would be “better off” if they work together and share their experiences, Grzegorzewski added.
Deputy Minister of Economic Affairs Chen Chern-Chyi (陳正祺) told the news conference that the government maintains its policy to “help Taiwanese businesses connect internationally.”
“We encourage our companies to form and to integrate into European supply chains to become trusted and reliable partners of Europe,” Chen said.
The EETO said that it plans to hold two other business events next month. The first one would be held on Tuesday next week in Taoyuan, featuring the electric vehicle industry, while the other, scheduled for Oct. 8 in Kaohsiung, is to focus on the information and communication technology industry.
EU-based companies in 2020 invested a total of US$48.8 billion in Taiwan, accounting for 25.7 percent of total foreign direct investment that year, while Taiwanese firms invested US$7.3 billion in the EU, EETO data showed.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
TECH RELIANCE: Growth is increasingly reflecting an unequal K-shaped distribution, where technology sectors outperform and other industries struggle, an expert said Standard Chartered Bank has significantly raised its forecast for Taiwan’s economic growth to 9.5 percent this year, up from 7.6 percent previously, citing surging artificial intelligence (AI) demand driving exports, semiconductor production and investment. The upgrade reflects a sustained AI supercycle that continues to fuel demand for advanced chips and technology infrastructure, which form the backbone of Taiwan’s exports, the bank said in a report this week. “We raise our 2026 growth forecast to reflect a much stronger-than-expected first-quarter GDP figure,” Standard Chartered senior economist for greater China and Asia Tommy Wu (胡東安) said in the report. Driven largely by a 35.3 percent
Two of Taiwan’s international carriers, Starlux Airlines Co (星宇航空) and EVA Airways Corp (長榮航空), have retained the five-star airline rating awarded by international airline review organization Skytrax. Starlux was awarded the distinction for a second consecutive year, while EVA Air received it for the 11th straight year, Skytrax said in statements released yesterday and on Thursday last week, respectively. The five-star rating is considered one of the airline industry's highest honors and is awarded following professional audits of airline product and frontline service standards, Skytrax said. The ratings are based on in-depth assessments using unified global quality standards rather than customer review scores