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Taiwan's President Lai Ching-te has urged the European Union to establish an economic partnership agreement, focusing on enhancing collaboration in semiconductors and artificial intelligence. This call comes amid Taiwan's diplomatic isolation and the need for secure global supply chains in the face of rising authoritarianism. The partnership is seen as a way to strengthen both economies and promote shared democratic values.
The EU has recognized Taiwan as a valuable partner under the European Chips Act, which aims to bolster semiconductor production in Europe. Taiwan Semiconductor Manufacturing Co. (TSMC) has already made significant investments in the EU, including a new chip plant in Germany. Despite the EU's positive stance, formal discussions on a partnership agreement have yet to be initiated.
• Taiwan emphasizes AI collaboration in proposed EU economic partnership.
• TSMC's investment in Germany highlights Taiwan's semiconductor commitment to Europe.
Artificial Intelligence refers to the simulation of human intelligence in machines, relevant for enhancing semiconductor technologies.
Semiconductors are materials that conduct electricity under certain conditions, crucial for modern electronics and AI applications.
TSMC is a leading semiconductor manufacturer, playing a key role in Taiwan's economic strategy and EU partnerships.
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