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SEMI Taiwan: Maintaining Momentum for Taiwan Semiconductors

Taiwan Business TOPICS While 2020 was an extremely challenging year for individuals and companies throughout the world, one industry managed to experience substantial growth of an estimated 8.4% globally. That industry was semiconductors, producers of the tiny chips that power virtually all of the world’s electronic devices, handsets, tablets, and computers. And nowhere was the production of these silicon-based products as fruitful as it was in Taiwan, where semiconductor sector growth in 2020 came to an astounding 20.7%, raising the industry’s annual production value over NT$3 trillion (US$107 billion). In fact, 2020 saw Taiwan become the world’s second-largest semiconductor production center, behind the U.S.

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