The Ministry of Economic Affairs yesterday said that it has expanded a list of sanctioned goods for Russia and its ally Belarus in response to Russia’s invasion of Ukraine to prevent Taiwanese high-tech goods from being used for military purposes.
Taiwan has condemned Russia’s invasion and has already joined a Western-led sanctions effort, although it is largely symbolic as there is only minimal direct trade between the nation and Russia.
Announcing its latest round of sanctions, the ministry said the move was made “to fulfill international cooperation and prevent the export of our high-tech goods for military purposes.”
Photo: Ann Wang, Reuters
The list includes equipment for making semiconductors, as well as certain chemicals and medicines, adding to previous announcements which already targeted the chip industry.
The new sanctions are consistent with those already announced by the EU, the US and other nations, the ministry said in a statement.
The EU, the US and others have collected weapon debris from Ukrainian battlefields and come up with a “common high priority list” of electronic and mechanical parts and equipment that are widely used in commercial applications and can be used to make weapons, it said.
Export license applications would “in principle” not be approved, the ministry said.
Ukraine’s plight has won broad public sympathy in Taiwan due to what many people view as the parallels between what it happening in the European nation and what could happen if China ever uses force to bring the nation it claims as its own territory under Chinese control.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —