June 16, 2024 23:47 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
After his 'Lord Ram' taunt on BJP creates uproar, RSS leader makes a U-turn | NDA govt formed by mistake, can fall anytime: Congress chief Mallikarjun Kharge's claim | PM Modi returns to India after 'successful completion of G7 Outreach Summit' in Italy | Delhi LG approves prosecution of Arundhati Roy, Sheikh Showkat Hussain in 2010 provocative speech case | BS Yediyurappa, accused of harassing minor, can't be arrested till next hearing: Karnataka HC
German firms splash out billions on Taiwan supply chain
Taiwan Supply Chain
Representational image by Raimond Spekking / CC BY-SA 4.0 via Wikimedia Commons

German firms splash out billions on Taiwan supply chain

| @indiablooms | 26 Dec 2022, 08:56 pm

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.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.