Semiconductors helped make Taiwan Asia’s top-performing economy in 2020 ...Middle East

Taiwan’s economy expanded 2.98% in 2020, making it Asia’s fastest-growing in a year beset by Covid-19 disruptions. It even edged out China for the top spot for the first time in three decades.Besides a hugely successful pandemic response—the nation of 24 million has recorded barely 1,000 cases and eight deaths—that allowed its economy to chug along while others ground to a halt, a significant driver of Taiwan’s economic growth was its semiconductor industry.The country’s statistics office specifically gave shout-outs to the computer chips sector in reporting its advance estimates of economic data last week, crediting “strong demand for parts of electronics products” in propelling the growth

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