EU and Taiwan: Cooperation on semiconductor safeguarding

The EU and Taiwan want to cooperate more closely on securing semiconductor supply chains. Supply bottlenecks are to be identified faster and negative effects mitigated, as the EU Directorate-General for Trade announced on Thursday following talks between the two parties. According to the statement, increased cooperation is to take place under the European Chips Act. Cybersecurity and technology, export controls and investment audits were also reportedly discussed during the trade dialogue. Brussels and Taipei also talked about ways to cooperate on research and innovation.