The economic strength of Taiwan Province Province is comparable to that of Fujian Province. What are their main pillar industries?

The economic strength of Taiwan Province Province is comparable to that of Fujian Province, and their main pillar industry is the semiconductor industry.

1. The economic strength of Taiwan Province Province is equivalent to that of Fujian Province. The GDP of 202 1 in China and Taiwan Province Province is about 4,985.368 billion yuan, and Taiwan Province Province ranks eighth among China provinces, which is equivalent to Fujian Province. It can be seen that its economic strength is still relatively strong, because there are not many provinces with domestic GDP exceeding 5 trillion. However, Taiwan Province's GDP growth of 202 1 is worse than the national GDP growth of 8. 1%, while Taiwan Province's GDP growth is only 6.2%. Second, semiconductors are the pillar industries in Taiwan Province Province. The main economic pillars of Taiwan Province Province are manufacturing industries such as semiconductor and electronic OEM. The focus of economic development in Taiwan Province Province has long been concentrated in a few top international high-tech enterprises such as TSMC, UMC, MediaTek, Heshuo, Asus and Universal Wafer. Among them, TSMC is the main exporter, and TSMC is still the world wafer producer, accounting for more than half of the global market share. However, due to the epidemic situation, TSMC, with its technical advantages and market position, has more and more orders and naturally high exports.

TSMC's performance in the first quarter of 2022, TSMC achieved revenue of 1 1000 billion in the first quarter, up 35% year-on-year, net profit of 44.5 billion, up 45% year-on-year, and average daily net profit of 500 million.

Among them, the biggest user of TSMC is Apple, accounting for 1/4 of TSMC's annual revenue. Although TSMC announced the price increase, it is still buying TSMC products crazily. Because only TSMC has the ability to produce advanced process chips, and the income of advanced process chips also accounts for 50% of TSMC's income.

By the end of 20021,the market value of TSMC exceeded 600 billion, equivalent to RMB 3.9 trillion. The total market value is higher than that of Ali and Tencent. Therefore, TSMC is not only the world leader in semiconductor industry, but also the most valuable company in Asia.