Taiwan appoints senior executive at TSMC supplier as new economy minister

Taiwan Semiconductor Manufacturing Co is the world's largest contract chipmaker. The chip industry is the backbone of Taiwan's export-dependent economy. Cho Jung-tai will not take over as premier until president-elect Lai Ching-te is inaugurated on May 20.

Taiwan Semiconductor Manufacturing Co is the world's largest contract chipmaker. The chip industry is the backbone of Taiwan's export-dependent economy. Cho Jung-tai will not take over as premier until president-elect Lai Ching-te is inaugurated on May 20.

Taiwan’s stock market has trounced that of tech rival South Korea. The two markets compete for artificial intelligence investment from some of the world's biggest money managers. Taiwan's stock market outperforms that of South Korea as the two markets are competing for investment in artificial intelligence.