The world’s two largest technology manufacturers have signed an agreement to buy 10m doses of BioNTech’s Covid-19 vaccine to donate to Taiwan, resolving an almost yearlong political tug of war over securing jabs for the country.
TSMC, the world’s largest contract chipmaker, and Foxconn, the leading manufacturer of Apple’s iPhone, said they had agreed the $350m deal with Chinese conglomerate Fosun, which controls BioNTech’s distribution rights for greater China.
The two technology companies stepped in because the sovereignty dispute over Taiwan had prevented Taipei from purchasing the jabs from BioNTech.
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