TAIPEI—Taiwan’s President Tsai Ing-wen warned the semiconductor industry faces new and “volatile” challenges, but said her government will work with the sector to overcome them.
Taiwan is home to the world’s largest contract chipmaker, TSMC, and is a major producer of semiconductors used in everything from washing machines and cellphones to data centres and fighter jets.
“The continued success of this industry comes in the face of unprecedented global challenges in recent times, including considerable uncertainty around supply chains,” Tsai told an industry forum in Taipei late on Wednesday, according to comments released by her office.
“Even today new challenges continue to arise, making the situation more volatile. But as in the past our government will work closely with the industry to get through these challenging times,” she added….