Foxconn and TSMC strike deal to buy 10 million COVID vaccines for Taiwan

Photo by SAM YEH/AFP via Getty Images

Foxconn and TSMC, two Taiwanese giants of the international tech supply chain, have agreed to buy 10 million COVID-19 vaccine doses for the island in a move that dodges a standoff between Taipei and Beijing. The two companies will be paying up to $35 a dose of the BioNTech vaccine and donating them to the government; each company has pledged to spend $175 million.

BioNTech is partnered with Shanghai Fosun Pharmaceutical Co. to distribute its mRNA-based vaccine, which was co-developed with Pfizer, within China. Taiwan claims that the Chinese government blocked an attempt to secure a supply of vaccines from BioNTech, and later refused an offer of vaccine donations from the mainland. With the new arrangement, however, BioNTech and Fosun are…

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