"So, we are going to talk with a lot of companies, research centers and government institutions and we will (…) form some of the suggestions of strategies for Lithuanian companies and government (…) of the semiconductor industry," he said after meeting with members of the Seimas of Lithuania's Parliamentary Group for Relations with the Republic of China (Taiwan) in Vilnius on Tuesday.

"I think the best way to quickly move on is to combine the technology of Lithuania and Taiwan, making synergy, first. So, now we are looking now at a project to combine laser technology of Lithuania and Taiwan semiconductor technology. So, that will be a project to move into third-generation semiconductor industry," he said, hoping that information on the projects will be announced as soon as possible.

Matas Maldeikis, chairman of the Seimas parliamentary group, says the Taiwanese have already identified specific companies and areas where they see investment opportunities.

"They are particularly interested in the laser industry. They agree to take their employees for training and then return them to Lithuania, but this would take a longer time. We need faster results. We have already heard the dates and we are talking about the amounts", Maldeikis said.

On Monday, members of the Taiwanese delegations also met the Lithuanian Minister of the Economy and Innovation Ausrine Armonaite, visited IoT device manufacturer Teltonika's production facility, the Centre for Physical Sciences and Technology, and laser producers Ekspla, Light Conversion and Eksma.

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