Taiwan’s tiny investment into Lithuanian chip production is better than it sounds

Taiwan, the world’s largest semiconductor supplier, is offering an unexpected helping hand to Lithuania — and, with it, Europe as a whole. The Asian nation will invest a little over €10 million ($9.98 million) towards chip production in the Baltic country, the head of the Taiwanese representative office in Vilnius said on Monday. As Reuters reports, Taiwan’s Industrial Technology and Research Institute (ITRI) will work together with Lithuania’s electronics manufacturer Teltonika to develop semiconductor technology, while more than a dozen Taiwanese scholarships will be offered to Lithuanians for training purposes. According to Eric Huang — head of the representative office…

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