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A year after US hit Huawei, TSMC hometown basks in property boom

Surging bonuses and profits put pep into Taiwan's economy

Luxury condominiums near TSMC's headquarters: Hsinchu has become a hive of activity over the past year. (Photo by Yu Nakamura)

TAIPEI -- Tighter U.S. sanctions against China's Huawei Technologies announced in May 2020 shifted the global semiconductor supply chain in a way nobody had expected, with a flood of orders enriching Taiwanese foundries and changing the island's landscape.

The boom is palpable in Hsinchu, where Taiwan Semiconductor Manufacturing Co. has its headquarters. There, the company's recent success has fueled a buying spree in luxury condominiums.

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