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Newly Elected Taiwanese Regional Leader Announces Plans to Develop Semiconductor Industry

© Sputnik / Alexei Kudenko / Go to the mediabankMicrochip production
Microchip production - Sputnik International, 1920, 13.01.2024
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TAIPEI (Sputnik) - Lai Ching-te of Taiwan's ruling Democratic Progressive Party who has been elected as the regional leader on Saturday vowed to promote the development of the semiconductor industry.
"Once I become head of state, I will continue to promote the semiconductor industry," Lai told a press conference, adding that "it will also benefit the global economy."
Taiwan is the world's most important supplier of semiconductors.
Computer chip - Sputnik International, 1920, 09.11.2022
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Earlier in the day, Taiwan held elections of the regional leader and deputies of its parliament with a voter turnout of 69.8%, the local election board said. Lai was named the winner of the regional leader's election after securing 40.05% of the vote, with ballots from 17,759 polling stations out of 17,795 counted. The DPP itself, however, lost 11 parliamentary seats as a result of the elections. Lai will be inaugurated on May 20, 2024.
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