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Last year, Taiwan's chip industry generated T$4.837 trillion ($150.27 billion) in revenue, nearly half of which came from TSMC, compared with Taiwan's GDP of T$22.667 trillion ($704.21 billion). "Taiwan's limited land and limited energy have always created a lot of pressure," GlobalWafers (6488.TWO) CEO Doris Hsu told reporters. 'FIVE SHORTAGES'The chip industry has long complained about Taiwan's "five shortages": land, water, energy, labour, and talent. Taiwan's government - determined to keep its crown jewel's most advanced technology at home - has said it will provide alternative options. The Longtan expansion had proposed acquiring 159 more hectares in the north, where TSMC and many chip companies are based.

Persons: Wei Hsin, Carlos Garcia Rawlins, Taiwan's, Wang Mei, TSMC, Doris Hsu, Hsu Shih, Rich, Chen Ting, Chen, Liao Chen, Cliff Hou, Isaiah, Lucy Chen, Chen Chi, Sarah Wu, Yimou Lee, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Taiwan's, National Chengchi University, Hsinchu Science Park, Reuters, Residents, TMSC's, Thomson Locations: Longtan, Taoyuan, Taiwan, Rights HSINCHU, LONGTAN, Hsinchu, United States, Japan, Germany, TSMC, Belgium, Arizona, Kaohsiung

[1/2] Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. The company said it would work with the government-run Science Park Administration "to evaluate land in Taiwan suitable for building semiconductor fabs". The world's largest contract chipmaker was intending to build a 1-nanometre chip factory in Longtan, according to a Central News Agency report in December that quoted a Science Park Administration official. Taiwan Economy Minister Wang Mei-hua said the government would help TSMC with its land, water and power needs given that semiconductors are one of island's most important industries. Chen Chi-mai, mayor of Kaohsiung in the south where TSMC is currently building a 2-nanometre chip factory, said his city has enough water, power, and land for more semiconductor factories.

Persons: Ann Wang, chipmaker, Wang Mei, Chen Chi, Sarah Wu, Ben Blanchard, Yimou Lee, Edwina Gibbs Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Central News Agency, Administration, Taiwan, Thomson Locations: Hsinchu, Taiwan, Rights TAIPEI, Longtan, Kaohsiung, TSMC

☆ China's exports drop by 8.8% in August as trade slump persists
▼ + stars: | 2023-09-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: 1 min

Cargo ships dock at the Longtan Container Terminal of Nanjing Port to load and unload containers in Nanjing, Jiangsu province, China, Sept 6, 2023. BEIJING — China reported Thursday another monthly decline in imports and exports, albeit less steep than expected. Exports in U.S. dollar terms fell by 8.8% in August from a year ago. Imports in U.S. dollar terms fell by 7.3% in August from a year ago, better than the 9% decline forecast by Reuters. Exports have fallen year-on-year for every month since April as global demand for Chinese goods wanes.

Organizations: Exports, Reuters, Imports Locations: Nanjing Port, Nanjing, Jiangsu province, China, BEIJING — China

☆ China rings in Lunar New Year with most Covid rules lifted
▼ + stars: | 2023-01-22 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

The Lunar New Year is the most important annual holiday in China. A popular temple fair at Badachu Park that was suspended for three years will be back this week, but similar events at Ditan Park and Longtan Lake Park have yet to return. Andy Wong / APIn Hong Kong, revelers flocked to the city’s largest Taoist temple, Wong Tai Sin Temple, to burn the first incense sticks of the year. Worshippers believe those who are among the first to place their incense sticks will stand the best chance of having their prayers answered. As communities across Asia welcomed the Year of the Rabbit, the Vietnamese were celebrating the Year of the Cat instead.

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