TAIPEI -- Taiwan's tech supply chain is bracing as the local currency surges in value against the greenback, just as President Lai Ching-te's administration negotiates to lower the U.S. "reciprocal" tariff on the trade-reliant economy.
Currencies
Taiwan dollar rises at fastest pace in decades, threatening tech profits
Currency surges over 4% on Monday morning as Taipei seeks US tariff deal
A teller poses with U.S. dollar and New Taiwan dollar notes in Taipei. Should the Taiwan dollar rise 10%, listed companies' gross margins would shrink 4% to 5%, one analyst says. © Reuters
Read Next
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Currencies
