Taiwan’s government believes there is “enormous” room for cooperation with the European Union on semiconductors, responding to plans from the bloc to boost its chip industry and cut its dependence on US and Asian supplies. The EU’s plan mentions Taiwan, home to the world’s largest contract chipmaker TSMC and other leading semiconductor companies, as one of the “like-minded partners” Europe would like to work with. The plan, unveiled on Tuesday, calls for the European Commission to ease funding rules for innovative semiconductor plants, a move that comes as a global chip shortage and supply chain bottlenecks have created havoc for...