Tech firm Teltonika aims to achieve domestic production capabilities by 2027 by working with Taiwan's Industrial Technology Research Institute.
between the European country and China. The two countries downgraded their diplomatic relations in 2021, and Vilnius has also lodged a complaint over China’s trade practices.
"This partnership with Taiwan will help Lithuania to move forward rapidly, match the world's strongest players and realise its ambitious goals," she had said in January this year.TheMr Ernestas Zdaniauskis, vice-president of innovation and business development at Teltonika, told CNA: “Europe has a strategic goal to have 20 per cent ofEurope has a strategic goal to have a 20 per cent share of the global semiconductor market.
“We plan to have a packaging and testing facility here in Lithuania, so our facilities our services will help Europe to reach this goal,” said Mr Zdaniauskis. Under the agreement, Taiwan will provide licenses for semiconductor manufacturing, as well as training for Lithuanian workers and consulting on the project.at the moment, but the vision is for more of such components to be designed, manufactured and packaged in the Baltic state, providing more control over the end product and more security in the supply chain.
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