A collection of 5 posts
The European Commission (EC) unveiled legislation designed to double Europe’s share of the semiconductor industry yesterday. The so-called Chips Act addresses supply-chain shortages in the EU’s tech sector. Having assigned EUR 11 billion for the package, the EU aims to raise EUR 43 billion overall and gain a
Taiwan could help alleviate Europe’s semiconductor shortage by setting up manufacturing operations in central Europe. With a reputation as a tech heavyweight, the autonomous island claimed by mainland China is host to numerous electronic component manufacturers. In October, the head of Taiwan’s National Development Council, Kung Ming-hsin, said
Taiwan has opened what it calls its Representative Office in Lithuania, defying China’s attempts to dissuade Vilnius from allowing what could be considered a de facto embassy for the self-governed island. Taiwan’s foreign ministry says that via the opening of the office, Taipei and Vilnius will deepen economic
Despite the European Union’s explicit plans to prepare a subsidy package for the microchip industry that matches with United States investments in the sector – preliminary figures don’t add up. Politico writes that the EC’s plans will collide with the EU competition rules and too time-consuming decision-making. The
Due to the global shortage of microchips the Czech Republic’s biggest exporter, auto manufacturer Skoda, has announced a significant production cut – starting in October – which could last until the end of 2021. According to economists, it could exert a significant effect upon Czechia’s overall economy by cutting into