The EU looks at boosting semiconductor trade with Taiwan

Keen to enhance trade relations with Taiwan and tap into the island's semiconductor sector, the European Union is set to hold a virtual trade dialogue on Thursday with the Taiwanese minister for economic affairs, Mei-Hua Wang.

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According to Martijn Rasser, senior fellow and director of the Technology and National Security Program at the Center for a New American Security (CNAS), Taiwan's semiconductor sector in particular, has a huge role globally, making countries compete to gain secure access to its semiconductor output.

"The Taiwan Semiconductor Manufacturing Corporation accounts for 92% of the most advanced semiconductor fabrication on the planet, making Taiwan as a whole responsible for about half of the world's semicondusemictor fabrication. So this also makes the country strategically important since semiconductors are important to military systems as well," he told DW.

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