Taiwan's strength in semiconductors could be its 'Achilles heel,' economist says
Publishing timestamp: 2024-01-12 01:51:55
Summary
Taiwan's economy heavily relies on semiconductors, with 40% of its exports being in this sector. The dominance is largely attributed to TSMC, the world's largest contract chip manufacturer. However, there are concerns that China's development of its own chip capacity could impact Taiwan's economy. Economists suggest that Taiwan should diversify its economy and encourage the growth of other industries. The article also mentions the U.S.-China chip war and the efforts of Taiwanese firms to diversify production away from China.
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Keywords: apple inc, nvidia corp, hon hai precision industry co ltd, asia economy, breaking news: technology, asml holding nv, taiwan semiconductor manufacturing co ltd, business news, technology,