00:00The EU and Taiwan are working to expand semiconductor cooperation, but an EU policy brief says Taiwan sees Europe as
00:08a less attractive and more complex market than the U.S. or Japan.
00:13That tension was on display in Taipei, where industry voices gathered to gauge the outlook.
00:19When I was at TSNC for more than 20 years, every year we had a global business review.
00:26I witnessed European market share starting from a little bit more than 10 percent and then going down and down
00:34every year to a very, very small percentage.
00:37So because the market is so small and the U.S. is a big market, especially with AI, is an
00:45even bigger share of the market.
00:48In Dresden, Germany, TSMC faces talent shortages, complex regulations and European geopolitical concerns over China.
00:57Policies in Europe are focused on boosting demand for advanced chips.
01:01But unlike the U.S., Europe has not seen an AI-driven surge in chip demand, but some analysts say
01:08that could change.
01:10There's two late-comer opportunities for Europe.
01:13The biggest, biggest is obviously data centers.
01:16I mean, that's the bulk of the demand you're going to have.
01:18But there's a second late-comer opportunity, which is in terms of, of course, the demand for chips.
01:24I was looking at the estimates is maybe between 10 to 20 percent of the data center demand.
01:32But still, the defense demand opportunity is a new opportunity.
01:39Beyond Germany, Taiwan is gradually expanding its industrial footprint across Europe,
01:44with Italy, France, the Czech Republic, Poland and Slovakia emerging as key partners.
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