As EU Woos Xi Jinping, Italy To Scrap China BRI Deal For Semiconductor Deal With Arch-Rival Taiwan?

As European leaders move to woo China, Italy may be mulling an exit from Beijing’s Belt & Road Initiative (BRI). Reports say that Italy is looking to strengthen its economic ties with China’s arch-rival Taiwan. Italy is seeking to attract the island’s Taiwan Semiconductor Manufacturing Company Ltd (TSMC) to set up a foundry in the Veneto region. Italian Economy Minister Giancarlo Giorgetti said on April 14 that PM Meloni is assessing Italy’s partnership with China in the BRI. Giorgetti said Italy would be taking a more cautious approach than in the past on the issue. Will Meloni go ahead and scrap China’s BRI deal for Taiwan’s semiconductors? Watch this video to know more. #Italy #Taiwan #China #Meloni #XiJinping #TSMC #chipwars #WorldNews n18oc_world n18oc_crux CRUX is your daily video news guide to the big events that are shaping our world. We track news, geopolitics, diplomacy and defence strategies and explain how they shape national policies. Crux makes sense of global