Nan Shan Plaza (L) and the iconic Taiwan Taipei 101 building are pictured through an airplane window, in Taipei, Taiwan, August 19, 2018.
HONG KONG (Reuters Breakingviews) – Taiwan’s technological know-how is expected to provide a diplomatic advantage. TSMC, the $ 560 billion chipmaking powerhouse, showcases the island’s influence in international supply chains and beyond. This bodes well for two-way trade and investment flows, even as geopolitical uncertainties increase.
Semiconductor manufacturing in Taiwan is leading a rebound in the trade-dependent economy. Strong demand for semiconductors around the world, combined with President Tsai Ing-wen’s successful containment of Covid-19, has helped boost exports to an all-time high of $ 345 billion in 2020. TSMC, the largest The world’s contracted chip maker increased its annual sales by a quarter to $ 48 billion, with more financial results expected later Thursday. Its shares have jumped 75% in the past year, thanks to a relentless march against its rivals in the development of the tip …
- According to the source Breakingviews – Taiwan’s tech advantage will cushion U.S. political uproar
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