Taiwanese investment in Europe up 650% over the past decade
Taiwan is pushing the EU for a tax and investment treaty as its companies pour money into Europe, a positive sign for both sides' chip industries.
- Taiwanese investment into the EU jumped 650% over the last ten years compared with the decade before.
- Two-way trade with the EU came close to $75 billion last year, making the bloc Taiwan's fifth-biggest trading partner.
- President Lai Ching-te wants a deal to stop companies being taxed twice, plus protection for their investments in Europe.
- Taiwan's electronics industry group is building a tech park in Poland to make it easier for firms to set up shop there.
- Europe's new chip law aims to speed up its own industry, and Taiwan is offering a chip partnership: its factories, Europe's research, equipment and materials.
Outlook: Expect more Taiwanese chip money heading to Europe, though a formal tax treaty still depends on Brussels moving first.