Get the latest tech news
Taiwan’s president-elect faces growing challenges with its chip industry
Lai Ching-te, who won Taiwan’s presidential election last Saturday, will be facing a crossroads in the country’s technology industry when he takes office Lai Ching-te, who won Taiwan’s presidential election last Saturday, will be facing a crossroads in the country’s technology industry when he formally takes office in May.
Lai’s administration will be the third term of Democratic Progressive Party rule in Taiwan, and he is widely expected to continue the work of his predecessor, Tsai Ing-wen, when it comes to supporting one of the country’s biggest economic drivers and most valuable exports: its semiconductor industry. In a August 2023 interview with Bloomberg, Lai said he welcomed the expansion of TSMC, which has fabs in Taiwan, the U.S. and China, in other countries, and wouldn’t stop the chipmaker from building more facilities abroad if elected. Supporters of building TSMC fabs in more countries often cite the risks of having most of the world’s chip production in one place, especially when Taiwan is prone to natural disasters like earthquakes and potentially vulnerable to attack from China.
Or read this on TechCrunch
