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Reuters

Taiwan tells EU it will continue to be ‘trusted’ chip partner

TAIPEI (Reuters) -Taiwan will continue to be a trusted partner for the global chip industry and help stabilise the supply chain, Economy Minister Wang Mei-hua told a senior European Union official at rare high-level talks on Thursday that Taipei described as a big breakthrough. The EU has been courting Taiwan, a major semiconductor producer, to build plants in the bloc, and Taiwan, facing unrelenting pressure from China which claims the island as its own, has been keen to show it can be a good friend to fellow democracies. In February, the EU unveiled the European Chips Act, with the bloc mentioning Taiwan, home to the world’s largest contract chipmaker TSMC and other major semiconductor companies, as one of the “like-minded partners” Europe would like to work with.