Breakingviews – Taiwan’s tech advantage will cushion U.S. political uproar

Breakingviews - Taiwan's tech advantage will cushion U.S. political uproar

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 …

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