Global electronics companies could redirect orders to Taiwan: MOEA
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Taiwan’s semiconductor sector should not be afraid of the next round in the trade war between the United States and China later this month as it will profit from the relocation of orders, Economics Minister Shen Jong-chin (沈榮津) said Thursday.
A new round of punitive tariffs leveled by the Trump Administration is expected to come into force on August 23, stoking fears about the sharpening of a trade war between the two major powers.
However, Shen said that since the semiconductor industry in Taiwan is just about the strongest in the world, it should profit from orders being relocated away from China by the world’s major electronics companies, the Central News Agency reported. [FULL STORY]