A water shortage in Taiwan has worsened, necessitating further restrictions, the Ministry of Economic Affairs said yesterday.
“While we have had a little rain over the Lunar New Year break, it did not help substantively with water reserves,” Minister of Economic Affairs Wang Mei-hua (王美花) told a news conference in Taipei. “We are facing an even more serious situation.”
Twenty to 40mm of rain fell over the holiday, not enough to significantly affect the nation’s dwindling water reserves, Wang said.
It has been a historically difficult dry season in Taiwan, with no typhoons making landfall during last year’s wet season to fill reservoirs,
By Angelica Oung / Staff reporterA water shortage in Taiwan has worsened, necessitating further restrictions, the Ministry of Economic Affairs said yesterday.
Taiwan Business TOPICS
By Austin Babb and Jason Wu
Economic Diversity Through New Tech
In a recent interview with the Central News Agency (CNA), Minister of Economic Affairs Wang Mei-hua noted that in addition to Taiwan’s robust semiconductor industry, the rise of 5G and electric vehicles (EV) offer an opportunity for the island’s economy to diversify. Taiwan’s exceptional handling of COVID-19 and decent economic growth in 2020, as well as its reputation as a trusted, reliable supply chain partner, make it an ideal location for expanding production of components for these new technologies.
Taiwan is already a major supply chain source for U.S. EV giant Tesla. Taiwan offers the ability to provide small-volume, high-variety manufacturing to the company. In addition to Tesla, the EV industry boom has increased demand for electronic components, an area where Taiwan is quite strong. Around 30 Taiwanese companies, including Pegatron, Delta Electronics, and Fukuta Electric and Mac
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The current government of Taiwan is trying to break the U.S. and Europe s One-China policy to become an independent country under U.S. and NATO protection.
Chip Shortage Spirals Beyond Cars to Phones and Consoles Bloomberg 2/8/2021 Debby Wu, Vlad Savov and Takashi Mochizuki
(Bloomberg) The first hints of trouble emerged in the spring of 2020. The world was in the early throes of a mysterious pandemic, which first obliterated demand then super-charged internet and mobile computing when economies regained their footing. That about-face in a span of months laid the seeds for potentially the most serious shortage in years of the semiconductors that lie at the heart of everything from smartphones to cars and TVs.
Auto and electronics makers that cut back drastically in the early days of the outbreak are now rushing to re-up orders, only to get turned away because chipmakers are stretched to the max supplying smartphone giants like Apple Inc. This week, Qualcomm Inc.’s Cristiano Amon, head of the world’s largest mobile chipmaker, flagged shortages “across the board,” citing the industry’s reliance on ju