of what was one year ago. this is the kind of data the federal reserve is looking for. if inflation eases, investors expect the fed will start cutting interest rates which would make it less expensive for people and businesses to borrow money. projections show that fed officials are considering at least three rate cuts this year, but global supply chain someone of big unknowns. disruption to global trade in the red sea could get change everyone s plans and the movement of prices. that was erin delmore there. to taiwan now, where, as you ve been hearing, voters go to the polls tomorrow to choose a new president. the election could have major implications for taiwan s relations with china. and what happens to taiwan affects the whole world, because it makes over half the semiconductor chips power most of our technology. 0ur asia correspondent rupert wingfield hayes reports from hsinchu, the home city of taiwan s top chip maker tsmc.
this place has been described as tie when s silicon shields. this is about an hour and a half s drive from the capital taipei and this is another global centre of semiconductor production. behind me in this very bland looking building, this is taiwan s semiconductors fab plant or one of many of them in this city. inside here, some of the most advanced manufacturing processes anywhere in the world. this is where they make their really cutting edge chips, the five nanometres or recently based started production of three nanometre chip. they go into all the tech two high tech devices, mobile phones, laptops, cars and increasingly the smart devices in our homes. die now produces more than 50% of all the semiconductors in the world but here they produce over 80% of the really, really cutting edge chips. that is why, if you like, the outside
much of the region is watching closely what is happening in taiwan this weekend.- closely what is happening in taiwan this weekend. there has definitely been taiwan this weekend. there has definitely been a taiwan this weekend. there has definitely been a lot taiwan this weekend. there has definitely been a lot of- taiwan this weekend. there has definitely been a lot of global i definitely been a lot of global interest in taiwan selections and a big reason is because of its implications for relations with china. now, china would typically want to avoid a win for the ruling party which is the dpp which is more pro independence than the opposition parties, so typically what happens is when the ruling party, the dpp wins, china starts to raise sanctions or restrictions on non key economic sectors in taiwan and it roped that bachmann and opposition party wins. so, i think there is a scope for relief if an opposition party work to come to power. but i think the big picture is essenti
centres to compete with taiwan, but i think the dominance the taiwan electric sector has when it comes to advanced chips is really not comparable. so, recently, exports from taiwan for gpu servers and ai related servers, chips that are used to power ai applications have served, so export full communication products have essentially doubled over the past year and that is after we came out of recession which we slipped into in the first quarter of last year. thank you very much quarter of last year. thank you very much indeed. quarter of last year. thank you very much indeed. thank - quarter of last year. thank you very much indeed. thank you. | around the world and across the uk, this is bbc news. bringing you different stories from across the uk. this agricultural land between wetherby road and the river wharfe could be the site of a
differences between china and taiwan are likely to remain and thatis taiwan are likely to remain and that is because china has expressed his desire for unification but if you look at public opinion in taiwan there is very little desire among the population of unification, and most people support some form of independents. i5 most people support some form of independents. of independents. is taiwan bein: of independents. is taiwan being threatened - of independents. is taiwan being threatened by - of independents. is taiwan being threatened by otherl being threatened by other nations now making their own semiconductor chips? i don t know if you can tell us a little bit more about the economy, but doesn t have to diversify? economy, but doesn t have to diversify? diversify? sure. so, taiwan s economy diversify? sure. so, taiwan s economy in diversify? sure. so, taiwan s economy in 2023 diversify? sure. so, taiwan s economy in 2023 actually - diversify? sure. so, taiwan s. economy