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Taiwan looking at chip cooperation with Eastern European nations

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Taiwan looking at chip cooperation with Eastern European nations
© Reuters. FILE PHOTO: MediaTek chips are seen on a development board at the MediaTek booth during the 2015 Computex exhibition in Taipei, Taiwan, June 3, 2015. REUTERS/Pichi Chuang

TAIPEI (Reuters) – Taiwan is looking at cooperating with three Eastern European countries on semiconductors, a minister said on Thursday, a move likely to find favour in Brussels which has been courting Taiwanese semiconductor firms to manufacture in the bloc.

Tech powerhouse Taiwan, home to companies such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC), has become front and centre of efforts to resolve a shortage of chips that has shut some auto production lines around the world and whose impact is now being felt in consumer electronics too.

While TSMC is building a $12 billion chip fabrication plant in the U.S. state of Arizona, it has given no suggestion of interest in a similar facility in Europe, despite EU efforts https://www.reuters.com/technology/eu-appeals-shared-values-tempt-taiwans-chip-firms-2021-10-14 to spur such investment.

Kung Ming-hsin, who heads Taiwan’s National Development Council, told reporters following his visit to Slovakia, the Czech Republic and Lithuania last month that all three countries had mentioned they wanted to work on chips with the island.

Taiwan will set up working groups with the three countries to work out how to cooperate on chips, while Taiwan will also give scholarships for technical training, he added.

“The whole semiconductor supply chain is enormous. Many countries can play different roles,” Kung said.

Taiwan has been keen to express its gratitude to the three countries for their donations of COVID-19 vaccines, and also, for Lithuania and the Czech Republic’s support as Taiwan faced growing political pressure from China.

Neither the EU nor its member states have formal diplomatic ties with Chinese-claimed and democratically-ruled Taiwan, but Taipei has sought to bolster its relations with the bloc by stressing their shared values of freedom and democracy.

The European Commission has proposed legislation to boost chip production, and has angled for Taiwan’s involvement.

Kung said it would be hard for Europe to do that on its own.

“So they hope to cooperate with Taiwan,” he added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Coronavirus

WHO expects to have more information on Omicron transmission ‘within days’

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WHO expects to have more information on Omicron transmission 'within days'
© Reuters. FILE PHOTO: WHO Technical lead head COVID-19 Maria Van Kerkhove attends a news conference organized by Geneva Association of United Nations Correspondents (ACANU) amid the COVID-19 outbreak, caused by the novel coronavirus, at the WHO headquarters in Gene

By Stephanie Nebehay

GENEVA (Reuters) – The World Health Organization expects to have more information on the transmissibility of the new Omicron variant of the coronavirus within days, its technical lead on COVID-19, Maria van Kerkhove, said in a briefing on Wednesday.

That was faster than the “weeks” the WHO had predicted last week that it would take to assess the data available on the variant after designating it a “variant of concern”, its highest rating.

Whether the variant is more transmissible or evades vaccines are some of the major questions that still need answering.

Vaccine developers have said it will take about two weeks to assess whether their shots are effective against it.

Van Kerkhove said one possible scenario was that the new variant, which was first reported in southern Africa, may be more transmissible than the dominant Delta variant. She said it was not yet known if Omicron makes people more ill.

WHO chief scientist Soumya Swaminathan said the agency believes the existing COVID-19 vaccines will work against the variant.

Mike Ryan, WHO’s emergency director, reiterated the agency’s opposition to the blanket bans on flights to and from southern Africa that have been imposed by Britain and other countries, saying it would not prevent the variant’s spread:

“The idea you can just put a hermetic seal on some countries is not possible. I can’t see the logic from an epidemiological or public health perspective.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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U.S. FDA evaluating effectiveness of COVID-19 vaccines against Omicron

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U.S. FDA evaluating effectiveness of COVID-19 vaccines against Omicron
© Reuters. FILE PHOTO: A vial and a syringe are seen in front of a displayed stock graph and words “Omicron SARS-CoV-2” in this illustration taken, November 27, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) – The U.S. Food & Drug Administration said on Tuesday it was evaluating the effectiveness of authorized COVID-19 vaccines against the Omicron coronavirus variant and expects to have more information in the next few weeks.

The agency is currently evaluating the vaccines to see if and how well they work against the variant, first detected in South Africa, Acting Commissioner Janet Woodcock said in a statement.

She said if the review shows a modification to the current vaccines is needed, the agency and companies will work together to develop and test such a modification quickly.

The new variant has sparked worries around the world that it could resist vaccinations and prolong the nearly two-year-old COVID-19 pandemic.

The U.S. health regulatory agency maintained that the authorised vaccines remain highly effective at preventing COVID-19 and serious clinical outcomes associated with the infection and urged people to get vaccinated.

The FDA is also evaluating the potential impact of the variant on the currently available diagnostics and therapeutics. It said a preliminary review showed that high volume PCR and antigen tests, widely used in the United States, have low likelihood of being impacted by Omicron.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Omicron variant could outcompete Delta, South African disease expert says

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Omicron variant could outcompete Delta, South African disease expert says
© Reuters. FILE PHOTO: Syringes with needles are seen in front of a displayed stock graph and words “Omicron SARS-CoV-2” in this illustration taken, November 27, 2021. REUTERS/Dado Ruvic/Illustration

By Alexander Winning

JOHANNESBURG (Reuters) – The Omicron coronavirus variant detected in southern Africa could be the most likely candidate to displace the highly contagious Delta variant, the director of South Africa’s communicable disease institute said on Tuesday.

The discovery of Omicron has caused global alarm, with countries limiting travel from southern Africa for fear it could spread quickly even in vaccinated populations and the World Health Organization saying it carries a high risk of infection surges.

“We thought what will outcompete Delta? That has always been the question, in terms of transmissibility at least, … perhaps this particular variant is the variant,” Adrian Puren, acting executive director of South Africa’s National Institute for Communicable Diseases (NICD), told Reuters in an interview.

If Omicron proves even more transmissible than the Delta variant, it could lead to a sharp spike in infections that could put pressure on hospitals.

Puren said scientists should know within four weeks to what extent Omicron can evade the immunity generated by vaccines or prior infection, and whether it leads to worse clinical symptoms than other variants.

Anecdotal accounts by doctors who have treated South African COVID-19 patients say Omicron appears to be producing mild symptoms, including a dry cough, fever and night sweats, but experts have cautioned against drawing firm conclusions.

Puren said it was too early to say whether Omicron was displacing Delta in South Africa, since local scientists have only produced 87 sequences of Omicron so far.

But the fact that cases have started to rise rapidly, especially in the most populated Gauteng province, is a sign that some displacement might already be happening.

Delta drove a third wave of COVID-19 infections in South Africa that peaked at more than 26,000 cases per day in early July. Omicron is expected to trigger a fourth wave, with daily infections seen topping 10,000 by the end of the week from around 2,270 on Monday.

Anne von Gottberg, a clinical microbiologist at the NICD, said it looked like infections were rising throughout the country.

On Monday, an NICD presentation a flagged a large number of COVID-19 admissions among infants aged under two years as an area of concern. But von Gottberg cautioned against linking that with Omicron just yet.

“It looks like in fact some of those admissions might have started before the emergence of Omicron. We are also seeing that there was an increase in influenza cases just in the last month or so, and so we need to be really careful to look at the other respiratory infections,” she said.

“We are looking at the data very, very carefully, but at the moment I’m not too sure that we can link it definitively to Omicron.”

South Africa has been praised for alerting the global scientific community and WHO so quickly to Omicron — a brave move given the damage that travel restrictions imposed by multiple countries including Britain will do to its important tourism sector.

The country has reported close to 3 million COVID-19 infections during the pandemic and over 89,000 deaths, the most on the African continent.

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