"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.
9 November 2022, 16:26 GMT
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.