Signed by 11 Asia-Pacific countries in 2018, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is the region's biggest free-trade pact and accounts for around 13.5 percent of the global economy
The median forecast from a poll of 18 economists expects export orders to jump 20.7% from the year-ago period. Forecasts for growth ranged from 18% to 24.5%
On TSMC's $12 billion factory in the US state of Arizona, Liu said the expansion would support client demand, especially in infrastructure and national security
US Secretary of State added fuel to the fire on Monday when he told a congressional hearing in Washington that discussions would begin on a trade deal.
Though Washington severed diplomatic relations with Taipei in 1979 to recognize Beijing as China's sole official representative, the United States remains Taiwan's most powerful ally and its top arms supplier.
Semiconductors are an essential part of modern tech from smartphones to games consoles and new cars, with the auto industry one of the hardest hit by the shortage.