TAIPEI (July 12): Taiwan's Foxconn and TSMC said on Monday they had reached deals to buy 10 million doses of Germany's BioNTech SE's COVID-19 vaccine, putting the total cost of the highly politicised deal at around $350 million. Foxconn's founder Terry Gou wrote on his Facebook page that he was "gratified" the deal had been completed, which will see Foxconn and TSMC each buy 5 million doses, to be donated to the government for distribution. "But we can't relax, because we will continue to work hard to push for the delivery time and quantity," he said. TSMC and Foxconn are major Apple Inc suppliers. "During the negotiation period after my donation was proposed, there was no guidance or interference from the Beijing authorities in the mainland on the vaccine procurement process."

Source: The Edge Markets July 12, 2021 00:11 UTC