Following its first investment in Lithuania, Taiwan intends to continue investing in new projects in the country, Eric Huang, head of Taiwan’s representative office in Lithuania, has said.
On Monday, Taiwan announced the first investment of the 200-million-US-dollar Central and Eastern European Investment Fund (CEEIF). The Taiwanese fund will invest in Litilit, a Lithuanian laser company.
“Taiwan’s investment fund has decided to invest 3.5 million euros in Litilit. Taiwan will utilise its strong expertise and partnership with technology industries in Taiwan, Asia-Pacific, and the US to help Litilit grow,” Huang said during an event held in Vilnius on Monday.
“There are additional cases in the pipeline to be finalised before the end of this year. There are also many other potential cases for the next year and the year after,” he added.
The head of Taiwan’s representative office said that following the agreement reached by the governments of Lithuania and Taiwan, the Industrial Technology Research Institute of Taiwan would also cooperate with Lithuania’s Teltonika IoT Group in the development of semiconductor design and manufacturing technologies.
“Taiwan has decided to commission its Industrial Technology Research Institute to directly cooperate with Teltonika – a leading Lithuanian electronics manufacturer – to build its semiconductor technology capabilities through a total solution package,” Huang said.
He also spoke about the ongoing process to allow the supply of Lithuanian beef to Taiwan: “We hope that we can grant a permit for Lithuanian beef before the end of this year.”
According to Huang, Lithuania’s exports to Taiwan rose by 30 percent in the first half of this year compared to the year before.
On Monday, Lithuania opened its Trade Representative Office in Taipei.
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