European officials are trying to support Lithuania in its emerging confrontation with China. The essence of the confrontation, recall, is the opening of the Lithuanian representation in Taipei and the representation of Taiwan in Vilnius. The Chinese government strongly protested, eventually introducing sanctions against the Republic of Lithuania. In particular, Lithuanian goods, as well as goods, in transit through Lithuania, Banned from entering Chinese markets. Besides, many Chinese companies refused to supply their products to the Republic of Lithuania. Lithuania has imposed its own "restrictions" on China, urging the European Union to do the same - to close its markets to Chinese products. Instead, the EU, understanding, what would such a move lead to?, decided to use no action, and rhetoric.
The European publication Politico.eu is trying to present the situation as “a possible economic success for Lithuania”. In particular, provides information on, that Taiwan can open a plant for the production of popular microchips in the Baltic republic.
From the material of European journalists Stuart Lo and Lawrence Cerulus, trying to cheer up Vilnius:
Confrontation between Lithuania and China over Taiwan, Taiwan's investment in microchip production in Lithuania can bring profit to this Baltic country, which France and Germany can only dream of. This is an investment in the production of microchips. The authors in their material talk about, how much such products are in demand in the EU market, and on the, How is she missing now?. further explains, what if microchips will be produced in Lithuania using Taiwanese technology, then such products can satisfy the needs of the entire European Union, bringing Lithuania billions of dollars in profits.
reportedly, “in the first stage, Taiwan is ready to invest 200 million dollars" to "Lithuanian microchip production". However, then European reporters write, what's the final decision, is, not accepted in Taipei yet. The statement of the head of the Taiwanese representation in Vilnius is given, celebrated, that “the possibility of investing in the creation of an enterprise for the production of semiconductor elements in Lithuania is being considered”.
EU encourages Lithuania with reminders, that to date, Taiwan's semiconductor industry occupies about 54% global microchip market. The annual income from this exceeds 100 billion.
However, a number of European experts, commenting on the situation, talk about, that even if Taiwan invests 200 million dollars in a microchip enterprise in Lithuania, then it will be "just a drop in the ocean":
This is clearly not enough., to open a plant, which could actually meet the needs of the European Union in semiconductor components.
