5G

Taiwan’s semiconductor sector is booming, but the long hours and tough work is driving away the younger generation, who are opting for careers that provide work-life balance. How can the Taiwan government and tech enterprises attract new blood into this industry that is critical to Taiwan's economic growth?

The global semiconductor shortage seems to be over as demand for consumer electronics falls, leaving smartphone manufacturers stuck managing high inventories. However, China’s wafer foundry expansion momentum has not slowed, as part of the country's core objective to develop the sector amid tightened US sanctions.

Former journalist Jessie Tan muses over the phenomenon of those in need transitioning from begging on the streets to selling goods on Douyin. While the poor or disabled have been given a more dignified and effective source of income, this is just one aspect of the good that comes with social media and technology.

While China has accelerated its push to build the infrastructure and to promote 5G among telcos and subscribers, it still faces a shortage of exciting new 5G applications that will draw in a constant stream of consumers or find wider industrial use. Amid a hostile external environment, it also faces some challenges in rolling out 5G and other advanced digital technologies through the Digital Silk Road. Nonetheless, it plans to go full steam ahead.

The phrase “metaverse” has been bandied about but what exactly is it and how far along is the project? Academic James Pang and entrepreneur Liang Xinjun explain that the implications of this development are larger than most think. The metaverse is not so much a sub-world to enter into on the side but the integration of the real and virtual worlds and economic systems, essentially creating a new world with new governance structures and norms. US and Chinese firms are, of course, racing to get a big slice of the future.

Huawei’s digital talent programme in Indonesia is contributing to China’s soft power as the latter seeks to engage Indonesia as an important node of its Belt and Road Initiative. Indonesia stands to gain from the exchange but also needs to be wary of possible cybersecurity concerns.

While the US and Japan would like TSMC to "spread the risk" of global tech supply chains being hit in the event of cross-strait tensions, TSMC is quite firm on keeping its advanced technologies in Taiwan while going through the motions of setting up some overseas outposts as recommended by its allies. It is well aware of its strategic value and will want to hold on to its upper hand.

Academic Pei Sai Fan says that one should dream big with the metaverse and not only see it as a new avenue of making money. By creating a new virtual universe from scratch, we can make good use of the blockchain-based metaverse to promote an equitable, more transparent and more inclusive rules-based international digital currency and financial system and enhance the global governance system to deal with issues facing all countries. This would require a global approach and China is well placed technologically to actively participate and lead the effort with like-minded nations in creating such a metaverse. It would be a pity if countries squandered such an opportunity to truly build a better world for all mankind.

In recent years and since the pandemic led to the surge in live streaming, e-learning and other online activities, the demand for cloud computing and related services has increased significantly. Chinese companies led by frontrunners Huawei, Tencent and Alibaba are launching into all-out competition in the cloud services sector. In particular, Huawei Cloud experienced a surge in year-on-year earnings of 168%, despite US sanctions. Huawei Cloud is also aiming to clinch the top spot in the sector, erstwhile occupied by Alibaba Cloud. Caixin journalist Zhang Erchi takes a deep dive into the issue to get a sense of who's really leading the fight. In part one of the story, he focuses on Huawei.