German firms splash out billions on Taiwan supply chain
Taipei: German companies are expanding their supply-chain links with Taiwan over the past three years to meet the challenges set by the Covid-19 era, media reports said.
They are ordering more semiconductors from Taiwan – the world’s leading manufacturer of computer chips – and supplying Taiwanese hi-tech firms with more chemicals used in manufacturing, Axel Limberg, chief representative and executive director of the German Trade Office Taipei, was quoted as saying by The Star.
“We have seen during the Covid crisis how important supply chains are and how diversity is key to creating sustainable and reliable supply chains,” Axel Limberg said.
“A lot of Taiwan companies are working on a national level but without international exposure, so that’s an opportunity for us,” he said.
“We see Taiwan was, is, and will be a strong market for business to business,” Limberg added.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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