Apple suppliers TSMC and Foxconn are working on the purchase of millions of COVID-19 vaccines for Taiwan. Companies buy vaccines and donate them to the government for distribution to the people of the country. This is part of an indirect arrangement by the government to allow private companies to buy vaccines on behalf of the state. The plan aims to prevent China’s interference with Taiwan’s COVID-19 vaccination drive. Taiwan initially controlled the spread of COVID-19 with travel restrictions and extensive contact tracing programs, but there were no single cases for eight consecutive months. However, COVID-19 infections are currently on the rise in Taiwan, and mass vaccination needs to be promoted, as is already in progress in many countries.
The problem is that China sees Taiwan as part of the country rather than its own independent country. China is reportedly trying to block Taiwan’s vaccine purchases. According to a report by The Economic Times, Taiwan’s health minister said that Beijing would use political pressure to reach 5 million directly from Germany’s BioNTech SE rather than through a Chinese company that holds Taiwan’s development and sales rights. He states that he is upsetting Taiwan’s plan to buy batches. BioNTech-Pfizer Inc.’s vaccine spans China, Hong Kong, Macau and Taiwan.
Currently, there is a shortage of vaccines in Taiwan, and a surge in cases of coronavirus can cause a blockade. Only about 1 percent of Taiwan’s population is still vaccinated. As the crisis grows further, it is a potential threat that disrupts the entire chip industry, which is already facing global supply shortages.
Apple iPhone suppliers Foxconn and TSMC buy millions of COVID-19 vaccines for Taiwan
Source link Apple iPhone suppliers Foxconn and TSMC buy millions of COVID-19 vaccines for Taiwan