Technology center Taiwan is reportedly exploring options to collaborate with at least three Eastern European nations for boosting its semiconductor production capabilities amid the global chip crisis. Taiwan, home to giants like Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), has taken the lead to overcome a chip shortage that has shut down certain auto manufacturing lines around the world, which is now affecting the consumer devices segment as well. It is worth noting here that TSMC is planning to develop a USD 12 billion chip fabrication plant in Arizona, U.S. Taiwan would form working committees with the three countries to figure out how to cooperate on chip production and will also provide technical training scholarships eventually. The European Commission has also proposed legislation to boost semiconductor production, which includes Taiwan as a key player.

Source: Economic Times November 27, 2021 07:41 UTC