In a significant move to strengthen its global presence, Taiwan Semiconductor Manufacturing Co. (TSMC) has commenced construction of its first European semiconductor plant in Dresden, Germany. The facility, part of a joint venture with major European companies, will involve a €10 billion investment and is expected to significantly boost Europe’s semiconductor production capacity by 2027. This expansion is part of a broader trend, with other Taiwanese firms also increasing their investments in Europe amid growing demand for local semiconductor production.

Taiwan’s packaging sector is thriving due to innovations in automation and sustainable technologies, with the global market for packaging and machinery on the rise. Taiwanese companies are leading advancements in flexible packaging, efficient production systems, and eco-friendly solutions, responding to increasing demand for sustainability and improved operational efficiency.

Taiwan’s metals, plastics, and chemicals manufacturers will need to adapt to new international policy measures to secure price competitiveness in key export markets. When the European Union’s Carbon Border Adjustment Mechanism (CBAM) comes into full force in three years, it will have a heavy impact on the cost structure for many exporters to the EU.  …