Taiwan's Chip Industry Boosts Ferrari Sales as Chip Entrepreneurs Drive Demand
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Shares in Taiwan's chipmakers saw an increase following President-elect Lai Ching-te's commitment to further strengthen the semiconductor industry. Lai, from the ruling Democratic Progressive Party (DPP), secured an unprecedented third consecutive presidential term. He plans to continue the policies of his predecessor to reassure global allies that chip production in Taiwan is secure. This announcement comes after foreign investors sold Taiwanese stocks ahead of the election. The stock market responded positively to investor expectations .
Taiwan's chip industry has been a key driver of the country's economic growth. The commitment from President-elect Lai to boost the semiconductor industry is expected to further enhance Taiwan's position as a global leader in chip production. The rise i...
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