TAIPEI (TVBS News) — The Ministry of Economic Affairs (MOEA) has given the green light to Taiwan Semiconductor Manufacturing Company (TSMC) for its ambitious plan to construct a fabrication facility in Germany. This announcement was met with enthusiasm at the CDKWV 90th Anniversary International Conference held on Friday (Oct. 27), where the German Institute Taipei expressed optimism about the venture.
Dr. Jörg Polster, director general of the German Institute Taipei, shared his insights during a press briefing, suggesting that cultural disparities may not present a substantial barrier in the 3.5 billion-euro investment scheme. He also highlighted Germany's practice of offering financial incentives and fostering talent through academic exchanges.
"Out of my experience, I know the Taiwanese love Germany. When the Taiwanese expats go there, they talk about accommodation, food, culture, maybe education when they go with family," Polster said.
In contrast, Stan Shih, co-founder of Acer, voiced some reservations regarding cultural differences, citing the formidable influence of labor unions in Germany. Shih acknowledged the challenges encountered when establishing operations in the United States, emphasizing the importance of respecting diverse cultures.
Shih remarked, "Different cultures have different ways of thinking. We have to respect their cultures. Especially in Germany, the labor unions are very strong."
The conference not only featured Dr. Polster and Stan Shih but also welcomed senior TV commentator Sisy Chen as a keynote speaker. Also, past representatives and business leaders convened to explore opportunities for bolstering cooperation between Germany and Taiwan.
Franz Chen, chairman of CDKWV, expressed optimism about the synergy that can be harnessed when Taiwan's hidden champions collaborate.
He stressed, "There are many hidden champions in Taiwan. If these powerhouses work together, they could accomplish great things. By working with business entities from other countries, I believe one plus one will surpass two."
According to data from the Ministry of Economic Affairs Investment Commission, German investments in Taiwan surged to a record high of US$977.1 million during the first half of 2023, solidifying Germany's position as Taiwan's second-largest foreign investor.
As the partnership between the two nations deepens, mutual benefits and further collaborations are poised to grow significantly.