Taiwan tech sector bracing for spillover from Russia-Ukraine conflict

Taiwan tech sector bracing for spillover from Russia-Ukraine conflict Taipei, March 13 (CNA) Taiwan’s tech sector could face rising costs stemming from the war between Russia and Ukraine, while companies with operations in Eastern Europe are bracing for economic spillover from a war that is being fought “right up to their doorstep,” industry representatives told CNA. Despite Asia’s geographic distance from the conflict and its relatively low level of financial exposure to Russia and Ukraine, the comprehensive nature of the sanctions imposed on Moscow — including its exclusion from the SWIFT interbank transfer network and a ban on semiconductor exports…