Taiwan yesterday welcomed an act proposed by the EU that aims to enable the bloc to work more closely with global leaders in the semiconductor industry, such as Taiwan.
On Tuesday, the European Commission unveiled the proposed European chips act, which neutralizes strict rules governing state aid to encourage companies such as Intel Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, to build more microprocessors in the region.
Under the act, the commission plans to allocate 11 billion euros (US$12.58 billion) in public funds for the research, design and manufacture of semiconductors, with the goal of mobilizing a total of 43 billion euros of public and private investment until 2030 to expand the EU’s global market share of semiconductors from its current 9 percent to 20 percent.
Ministry of Foreign Affairs spokeswoman Joanne Ou (歐江安) yesterday expressed the government’s receptiveness toward the proposal, which could enhance Taiwan-EU cooperation in bilateral investment and trade.
The ministry believes there is tremendous room for cooperation between Taiwan and the EU in the semiconductor industry, reconstructing the global supply chain and bolstering democratic resilience in the post-COVID-19 era, Ou said.
Taiwan is ready to explore innovative measures to continue to deepen collaboration with the EU and its member states, based on existing communication channels, she added.
As stated in the act, only two companies in the world, one being TSMC, are capable of manufacturing the most advanced semiconductors.
“As a first step, the above will be explored — using existing or new fora — with like-minded partners, such as the United States, Japan, South Korea, Singapore, Taiwan and others,” the act says.
At a press event to unveil the act on Tuesday, European Commissioner for Competition Margrethe Vestager and European Commissioner for Internal Market Thierry Breton lauded Taiwan’s leading position in the semiconductor industry, while reiterating the EU’s offer to TSMC to invest in Europe.
Taipei on Friday rejected Hanoi’s characterization of its recent live-fire drill near Itu Aba Island (Taiping Island, 太平島) as “illegal,” saying that Taiwan’s claim to the small island in the South China Sea was “unquestionable.” The Ministry of Foreign Affairs (MOFA) said in a statement that the comments made by its Vietnamese counterpart about the military’s routine live-fire drills near Itu Aba on Tuesday were “unacceptable.” Earlier on Friday, Vietnamese Ministry of Foreign Affairs spokeswoman Le Thi Thu Hang called Taiwan’s military activity “a serious violation of Vietnam’s territorial sovereignty,” saying it had caused tensions and complicated the situation in the region. Hang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it is more than doubling its US investment to US$40 billion as it plans to make 3-nanometer chips in 2026 at a second Arizona fab, adding to the chipmaker’s original plan of building a US$12 billion fab to make 4-nanometer chips in 2024. The investment would mark the largest foreign direct investment in Arizona’s history and one of the largest foreign direct investments in the history of the US, the world’s largest contract chipmaker said in a statement yesterday. In addition to the more than 10,000 construction workers at the site, TSMC’s two fabs
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is planning to offer advanced 4-nanometer chips when its new US$12 billion plant in Arizona opens in 2024, an upgrade from its previous public statements, after US customers such as Apple Inc pushed the company to do so, according to people familiar with the matter. TSMC is expected to announce the new plan when US President Joe Biden and US Secretary of Commerce Gina Raimondo visit the facility near Phoenix for a ceremony on Tuesday next week, the people said. The TSMC plant had been slated to make 5-nanometer semiconductors, a standard that would be far
PRESIDENTIAL OFFICE MEETING: The statement by the former US representative came as Congress is poised to back US$10 billion to bolster Taiwan’s self-defense capabilities Former US representative Will Hurd yesterday said visiting Taiwan has made him realize that China’s “one country, two systems” framework is not a feasible solution for Taiwan. Hurd, who is visiting Taiwan with an international delegation, made the remarks when meeting with President Tsai Ing-wen (蔡英文) at the Presidential Office in Taipei. There is bipartisan support for Taiwan in Washington, with Republicans and Democrats agreeing that only the 23.5 million Taiwanese can decide the nation’s future, said Hurd, a trustee at the Washington-based German Marshall Fund think tank. Former German lawmaker Marieluise Beck said that the Russian invasion of Ukraine has changed mindsets