In 2022, the total sales of Taiwan’s 800 listed companies will exceed US$1 trillion for the first time ever, with the semiconductor sector remaining the mainstay. Despite a possible downturn in the coming two years, Taiwan will still be able to hold onto to its irreplaceable role thanks to its powerful semiconductor and ICT supply chains. However, it is easy to sing the praises, but we need to look beyond the obvious to really understand Taiwan’s strengths and weaknesses. My recent trip to Silicon Valley let me see the positives of Taiwan and yet also shed light on some concerns or issues that need to be explored further.