Taiwan: Chances for European micro- and nanoelectronics
Counting 23 million habitants, Taiwan has a rather small domestic market. However, with a gross domestic product of 528 billion US$, it counts among the 30 biggest national economies and 15 most important trading nations. It is known as one of the four Asian tigers, standing for “highly free-market and developed economies”.
With more than 54 % market share of the global semiconductor production, TSMC (Taiwan Semiconductor Manufacturing Company, located on Hsinchu, Taiwan) is the biggest semiconductor manufacturer worldwide. Hence, a large part of semiconductors globally come from Taiwan, which makes it a perfect destination for business cooperation from the European side.
The European Union has solid relations to Taiwan. Taiwan is the 4th largest Asian trading partner of the EU and the EU is the fourth largest market of Taiwan. Furthermore, the EU is Taiwan's largest source of foreign investment. Additionally, exchanges take place in research and technology, information society, education and culture, fisheries, environment, climate change, intellectual property rights as well as standards and norms.
 Deutsches Auswärtiges Amt (17.05.2016), http://www.auswaertiges-amt.de/DE/Aussenpolitik/Laender/Laenderinfos/Taiwan/Wirtschaft_node.html
 https://en.wikipedia.org/wiki/Four_Asian_Tigers (17.05.2016)
 Gartner (2015) in Jan Jovy, German trade office Taipei, Info Session Taiwan Silicon Saxony, 12.05.2016
 EEAS Europa (14.06.2016)