New Taiwan Dollar Surges! Tony Tsai: Taiwan's Industries Can Withstand the Test
The sudden surge of the new Taiwan dollar has left exporters in distress, raising concerns about whether Taiwan's tech companies can weather the storm. Tony Tsai, Chairman of Hon Hai, believes that despite temporary trade surpluses and short-term capital inflows causing the appreciation, Taiwan's industrial structure is quite robust and can withstand this test!
Moreover, Peng Shuanglang, Chairman of AUO, mentioned that crises can present opportunities, suggesting that some industries may use this time to reconsider their transformation strategies.
