Taiwan’s semiconductor industry is boosting the island’s economy, creating wealth gaps and strengthening its global position. But there’s a dark side to this economic success story: well-paid engineers are investing their earnings in property, driving up real estate prices and making homeownership unattainable for the average person. It’s why the island is being compared to Silicon Valley, where tech and AI booms are at the crux of a severe housing crisis.
#taiwan #semiconductor #techboom
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News post in October 24, 2024, 6:04 pm.
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