By: Sophia Yeh and Kay Liu
The sector is one of the pillars of Taiwan’s economy and has an important role in a plan to create five industrial and innovation hubs in the country, Tsai said during a visit to the Hsinchu Science and Industrial Park.
Tsai was referring to her plan to develop five core industries — the Internet of Things, smart machinery, new energy, bio-technology and defense — all of which she said are reliant on the semiconductor sector.
Although Taiwan has a strong semiconductor industry, it is facing several challenges, including the rise of China’s so-called “red supply chain,” said Tsai, who will take office May 20. [FULL STORY]