Taiwan Tech Giants Foxconn, TMSC Reach $350 Million COVID-19 Vaccine Deal

Taiwanese tech giants Foxconn and Taiwan Semiconductor Manufacturing Co. (TMSC) have reached agreements to buy a total of 10 million COVID-19 vaccines from BioNTech to donate to the government.

Foxconn and TMSC, which are both major suppliers to tech company Apple, have signed a deal worth $350 million to each buy five million doses of the BioNTech vaccine and donate them for free to the Taiwanese government for distribution.

BioNTech’s Chinese sales agent Shanghai Fosun Pharmaceutical Group announced the deal in a statement on July 12.

In a separate statement, Foxconn billionaire founder and chairperson Terry Gou said that the vaccines, which will be directly shipped from Germany, will “give the people of Taiwan some breathing room and more confidence in facing the pandemic.”

The vaccines are expected to arrive in Taiwan in batches after the end of September at the earliest, according to the joint statement of Foxconn and TMSC.

The companies did not provide further details on the delivery time frame and did not indicate how many vaccines would come in batches.

The Taiwanese government has tried for months to buy the vaccine directly from BioNTech and blamed the Chinese government for blocking a deal.

The Chinese government has denied the accusations.

Gou said on Facebook that China did not interfere with the negotiations.

“We appreciate that the negotiation was allowed to go through as a business matter,” Gou said.

According to data from the Taiwanese government, only 0.31% of its population has been fully vaccinated against COVID-19.

Government data also showed that Taiwan has recorded 24 new cases, bringing the nationwide tally to 15, 273.

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