Taiwan and Europe Look to Strengthen Semiconductor Cooperation

Taiwan and the European Union plan to strengthen economic and diplomatic relationships in a bid to deepen collaboration in making the semiconductors supply chain more resilient than it is today, reports Nikkei. TSMC is currently assessing a potential fab in Europe, but no final decision has been made. Upgraded diplomatic affairs will have an effect on economic relationships and could have an effect on TSMC's plan to build a fab in the EU. 

The European Union is the largest source of foreign investments in Taiwan. Due to increased geopolitical tensions and ongoing global chip shortages, the EU wants to upgrade diplomatic relationships to ministerial and director-general levels. As a result, the EU's trade chief Valdis Dombrovskis and Taiwan's economy minister Wang Mei-hua will held official talks for the first time late on Thursday, reports Reuters

The upgraded level of diplomatic relationships will make it easier for the EU and Taiwan to collaborate on political and economic levels. Ultimately, it will get easier for the bloc to provide incentives and/or co-fund new fabs in Europe built by companies like Taiwan Semiconductor Manufacturing Co. under the European Chips Act

European politicians do not want Intel to be the only company that makes chips using advanced and leading-edge technologies, which is why they need to lure in TSMC and/or Samsung Foundry. 

Anton Shilov
Contributing Writer

Anton Shilov is a contributing writer at Tom’s Hardware. Over the past couple of decades, he has covered everything from CPUs and GPUs to supercomputers and from modern process technologies and latest fab tools to high-tech industry trends.

  • jkflipflop98
    It's going to suck for all of TSMC's customers when China seizes TSMC's factories. China instantly absorbs all your leading-edge designs for use in their own parts. Hopefully there's some failsafe that destroys the server with all the customer IP in the event of a takeover or something.
    Reply
  • Kridian
    Those factories/plants will self-implode before China steps within a mile for the take over.
    Reply