Taiwan is preparing an investment fund with an initial capital of €200 million. Taiwan will have a capital of USD 200 million. The funds will be invested in industries that are strategic for both Lithuania and Taiwan. The aim is to create a long-term economic link between Lithuania and Taiwan,” Eric Huang, Head of Taiwan’s Representative Office in Lithuania, told Lithuanian journalists at a press conference.
“We are preparing another and even bigger investor funding mechanism, which will be backed by the Central Bank of Taiwan, which manages the world’s fifth-largest foreign reserve. We will continue to discuss the details with the Ministries of Economy and Innovation and Foreign Affairs,” he said.
“I would like to stress that this fund will be financed by the National Development Fund of Taiwan. This is a so-called ‘business angel’ investor for many global technology companies, for example, it has invested in Taiwan Semiconductor Manufacturing Company.
“We are preparing another and even bigger investor funding mechanism, which will be backed by the Central Bank of Taiwan, which manages the world’s fifth largest foreign reserve. We will continue to discuss the details with the Ministries of Economy and Innovation and Foreign Affairs,” he said.
The Head of Mission also pointed out that a scholarship programme has been announced for 20 Lithuanian students to study semiconductor manufacturing technology in Taiwan starting this year.
“This is the first step in helping Lithuania to build a solid foundation in the semiconductor industry,” said Mr Huang.
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Taiwan is preparing an investment fund with an initial capital of €200 million. Taiwan will have a capital of USD 200 million. The funds will be invested in industries that are strategic for both Lithuania and Taiwan. The aim is to create a long-term economic link between Lithuania and Taiwan,” Eric Huang, Head of Taiwan’s Representative Office in Lithuania, told Lithuanian journalists at a press conference.
“We are preparing another and even bigger investor funding mechanism, which will be backed by the Central Bank of Taiwan, which manages the world’s fifth-largest foreign reserve. We will continue to discuss the details with the Ministries of Economy and Innovation and Foreign Affairs,” he said.
“I would like to stress that this fund will be financed by the National Development Fund of Taiwan. This is a so-called ‘business angel’ investor for many global technology companies, for example, it has invested in Taiwan Semiconductor Manufacturing Company.
“We are preparing another and even bigger investor funding mechanism, which will be backed by the Central Bank of Taiwan, which manages the world’s fifth largest foreign reserve. We will continue to discuss the details with the Ministries of Economy and Innovation and Foreign Affairs,” he said.
The Head of Mission also pointed out that a scholarship programme has been announced for 20 Lithuanian students to study semiconductor manufacturing technology in Taiwan starting this year.
“This is the first step in helping Lithuania to build a solid foundation in the semiconductor industry,” said Mr Huang.
[Source](https://www.delfi.lt/verslas/verslas/taivanas-pasidalijo-planais-lietuvoje-planuojamos-200-mln-doleriu-investicijos-perims-kinijos-blokuotas-prekes.d?id=89120791)