Taiwan’s government is letting its tech giants TSMC and Foxconn buy COVID-19 vaccines on its behalf
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Last year, Taiwan was held up as a model example of how to control the pandemic. Now, with a rising case-count threatening the country’s vital tech industry in the middle of a global semiconductor shortage, its government is letting its powerful corporations buy COVID-19 vaccines on its behalf. It’s an unusual workaround, but one that makes sense given Taiwan’s complaints that China scuppered earlier deals.
As reported by Nikkei Asia and Reuters, the Taiwanese government said on Friday that it would allow chipmaker TSMC and Terry Gou, billionaire founder of tech assembly giant Foxconn, to negotiate on its behalf with vaccine makers. Both TSMC and Gou (who will be working through his Yonglin Education Foundation) said they hope to buy…