Before establishing chip factories in Europe, Taiwan demands a trade agreement.

Taiwan said on Monday it would not open any chip factories in Europe until Brussels signs a trade agreement with us.

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chip maker, is under pressure to diversify the geographic spread of its advanced chip industry and is working with the governments of Europe, the United States and Japan to develop a larger footprint. global. Policy makers and global customers are increasingly wary of their technology dependence on an island that Beijing has threatened to invade and has prompted TSMC to move some production overseas.

In recent years, the world has realized that semiconductors have become as essential to modern economies as oil, to the point where some have dubbed them the “new oil.”

The global race for semiconductor supplies has accelerated, especially between the United States and China, to maintain their economic and technological superiority.