520 inauguration! Lai Qingde hopes to create an "economy that never sets on the country"

2024/05/21

New Tang Dynasty Asia Pacific
May 20, 2024
New Tang Dynasty Asia Pacific

Lai Ching-te announced his inauguration on 520th, and industrial policy became the focus. President Lai announced three major directions for the future. Taiwan will develop five trustworthy industries including semiconductors, AI, and low-orbit satellites, while strengthening international connections and marketing to the world. At the scene, TSMC founder Zhang Zhongmou, Power Semiconductor Chairman Huang Chongren, and Pegatron Chairman Tong Zixian were all present, which shows that the industry is paying close attention to it. Just before Taiwan's new government took office, the Ministry of Commerce of the Communist Party of China announced on the 19th that it would launch an anti-dumping investigation into copolymer polyoxymethylene POM imported from Taiwan, the United States, the European Union and Japan. The investigation period will be until May 19 next year. Taiwan’s Ministry of Economic Affairs responded that the polyformaldehyde under investigation is used in engineering parts, automobiles and consumer electronics industries. The proportion of Taiwan's exports to the Chinese market is not much different from that of other countries. In the future, the government will assist Taiwanese companies to respond to anti-dumping investigations and initiate diversified market expansion. Through its strong semiconductor capabilities, Taiwan has attracted global technology companies to invest in Taiwan. It has been confirmed that Advanced Micro Devices of the United States will set up a research and development center in Taiwan. The Ministry of Economic Affairs stated that AMD has proposed to apply for the Ministry of Economic Affairs’ A+ Global R&D Innovation Partner Program, but the investment amount and government subsidy costs are still in the review stage. Reports indicate that AMD CEO Lisa Su is expected to come to Taiwan in June to attend the Taipei International Computer Conference. development, we may discuss this project with the Lai government. Apple, a major customer of TSMC, has invested in developing its own AI chips. According to industry reports, Apple Chief Operating Officer Williams recently visited TSMC in Taiwan in a low-key manner and was personally received by President Wei Zhejia. Apple is expected to contract TSMC's advanced packaging production capacity. According to legal analysis, Apple has taken the lead in contracting the first batch of TSMC's 3nm production capacity. If it subsequently orders the first batch of 2nm or even more advanced processes, it is estimated that Apple's contribution to TSMC's annual revenue will steadily hit a high, and there will be opportunities this year. Reaching NT$600 billion.

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