{"id":32665,"date":"2025-05-05T23:56:00","date_gmt":"2025-05-05T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=32665"},"modified":"2025-09-22T08:32:32","modified_gmt":"2025-09-22T00:32:32","slug":"semiconductor-to-taiwan","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/05\/semiconductor-to-taiwan\/","title":{"rendered":"How important is semiconductor industry to Taiwan?"},"content":{"rendered":"\n<p>Semiconductor manufacturing in Taiwan&#8217;s semiconductor industry is the &#8220;only&#8221; industry in which Taiwan can lead the world and is valued by countries around the world.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/05\/semiconductor-to-taiwan\/#Fatal_to_US_and_Taiwan\" >Fatal to U.S. and Taiwan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/05\/semiconductor-to-taiwan\/#Share_of_GDP\" >Share of GDP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/05\/semiconductor-to-taiwan\/#Proportion_of_Taiwans_exports\" >Proportion of Taiwan&#8217;s exports<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/05\/semiconductor-to-taiwan\/#Chip_Design\" >Chip Design<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/05\/semiconductor-to-taiwan\/#Electronics_weights_70_of_TaiEx_market\" >Electronics weights 70% of TaiEx market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/05\/semiconductor-to-taiwan\/#Exports_account_for_67\" >Exports account for 67%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/05\/semiconductor-to-taiwan\/#Dominated_salary_growth\" >Dominated salary growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/05\/semiconductor-to-taiwan\/#Employment_and_job_provided\" >Employment and job provided<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/05\/semiconductor-to-taiwan\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fatal_to_US_and_Taiwan\"><\/span>Fatal to U.S. and Taiwan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/trump-s-tariff-threats-could-have-a-significant-impact-on-tsm-stock-1034325185\" target=\"_blank\" rel=\"noopener\">According to Soci\u00e9t\u00e9 G\u00e9n\u00e9rale in January 2025, U.S. chip demand accounts for 5% of Taiwan\u2019s GDP through direct exposure. Also, Taiwan\u2019s overall chip industry is substantial and accounts for 15% of its GDP.<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Share_of_GDP\"><\/span>Share of GDP<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to data from The Economist magazine in March 2023, the <a href=\"https:\/\/www.economist.com\/special-report\/2023\/03\/06\/taiwans-dominance-of-the-chip-industry-makes-it-more-important\" target=\"_blank\" rel=\"noopener\">semiconductor industry accounts for 15% of Taiwan&#8217;s GDP<\/a>. Taiwan produces more than 60% of the world&#8217;s semiconductors and more than 90% of the most advanced semiconductors.<\/p>\n\n\n\n<p>Data from the U.S. International Trade Commission website: <a href=\"https:\/\/www.usitc.gov\/publications\/332\/executive_briefings\/ebot_silicon_island_taiwan_semiconductor.pdf\" target=\"_blank\" rel=\"noopener\">Taiwan accounted for nearly 70% of global wafer foundry revenue in the first quarter of 2023<\/a>. In recent years, the semiconductor industry has accounted for 13-15% of Taiwan&#8217;s gross domestic product (GDP).<\/p>\n\n\n\n<p>According to statistics from the Taiwan Semiconductor Industry Association (TSIA) and the Industrial Technology Research Institute (ITRI), the semiconductor industry will<br>The output value is estimated to be NT$4.8858 trillion, while Taiwan\u2019s gross national product is approximately NT$25.35 trillion, with semiconductor production accounting for nearly 20% of GNP.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Proportion_of_Taiwans_exports\"><\/span>Proportion of Taiwan&#8217;s exports<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In recent years, chip exports have been the most important force supporting Taiwan&#8217;s GDP. Chips account for 40% of exports, while South Korea accounts for less than 20% and Japan only 5%. Taiwan&#8217;s economic growth can be maintained at 3%, and the semiconductor industry has made great contributions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chip_Design\"><\/span>Chip Design<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to data published on the Taiwan government\u2019s website on February 2, 2024: <a href=\"https:\/\/roc-taiwan.org\/uploads\/sites\/86\/2024\/02\/February-2024-Issue.pdf\" target=\"_blank\" rel=\"noopener\">Taiwan\u2019s IC design output value accounts for 20.1% of the global market<\/a>, second only to the United States.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Electronics_weights_70_of_TaiEx_market\"><\/span>Electronics weights 70% of TaiEx market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to the real-time data statistics of Taiwan Uni-President Securities on December 30, 2024, <a href=\"https:\/\/www.pscnet.com.tw\/\" target=\"_blank\" rel=\"noopener\">electronic information and communication stocks accounted for 69.78% of the total transaction value of the Taiwan stock market<\/a> (see below table), among which semiconductors were the largest sub-category of electronic information and communication stocks, accounting for 27.02%. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Electronics, Computer and Communication<\/td><td>\u3000<\/td><td>69.78%<\/td><\/tr><tr><td>\u3000<\/td><td>Semiconductor<\/td><td>27.02%<\/td><\/tr><tr><td>\u3000<\/td><td>Electronics<\/td><td>12.84%<\/td><\/tr><tr><td>\u3000<\/td><td>Photoelectric<\/td><td>9.38%<\/td><\/tr><tr><td>\u3000<\/td><td>Electronics others<\/td><td>6.93%<\/td><\/tr><tr><td>\u3000<\/td><td>Communication<\/td><td>6.42%<\/td><\/tr><tr><td>\u3000<\/td><td>Computer and Peripheral Equipment<\/td><td>5.93%<\/td><\/tr><tr><td>\u3000<\/td><td>Information services<\/td><td>0.73%<\/td><\/tr><tr><td>\u3000<\/td><td>Electronics channel<\/td><td>0.53%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Exports_account_for_67\"><\/span>Exports account for 67%<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>On September 13, 2024, the Ministry of Finance\u2019s Statistics Department, based on the analysis of the import and export trade statistics released monthly by the Organization for Economic Cooperation and Development (OECD), pointed out that Taiwan\u2019s competitiveness in the electronics industry has been improved, business opportunities for emerging technology applications, and high-end production lines have been Due to factors such as repatriation, <a href=\"https:\/\/udn.com\/news\/story\/7238\/8225940\" target=\"_blank\" rel=\"noopener\">the export value-added content ratio rose to 67% in 2020<\/a>, the highest point in 21 years, indicating that China&#8217;s position in the global value chain is moving upstream.<\/p>\n\n\n\n<p>The Ministry of Finance announced that in the first half of 2024, <a href=\"https:\/\/service.mof.gov.tw\/public\/Data\/statistic\/bulletin\/113\/113%E5%B9%B4%E4%B8%8A%E5%8D%8A%E5%B9%B4%E6%88%91%E5%9C%8B%E9%80%B2%E5%87%BA%E5%8F%A3%E8%B2%BF%E6%98%93%E6%A6%82%E6%B3%81.pdf\" target=\"_blank\" rel=\"noopener\">electronic components exports accounted for 27.8%<\/a>, the best level since statistics were available.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dominated_salary_growth\"><\/span>Dominated salary growth<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In the five years from <a href=\"https:\/\/www.ctee.com.tw\/news\/20240718700042-439901\" target=\"_blank\" rel=\"noopener\">2018 to 2023, the total salary of the electronic components industry in Taiwan will grow by 24%, much higher than the overall 11%<\/a>. If we look at the period from 2013 to 2023, the salary growth of the electronic components industry in the past ten years is 24%. 70%, while the average growth rate of all industries is only 27%. If we look at the median salary, it has only grown by 18% in the past ten years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Employment_and_job_provided\"><\/span>Employment and job provided<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Jobs released by electronic communications only account for 10% of total employment.<a href=\"https:\/\/udn.com\/news\/story\/7240\/8049362?from=ddd-umaylikenews_ch2_story\" target=\"_blank\" rel=\"noopener\"> Taiwan&#8217;s semiconductor industry employs about 327,000 people, accounting for 2.8% of the total employed population<\/a>, but accounts for 13.1% of the total economic output; other manufacturing and service industries account for 34.7% and 58.5% of the employed population, but contribute only 32.3% and 33.7% of GDP. 60.8%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"148\" height=\"100\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2024\/12\/Taiwan_Semi-Custom.jpg\" alt=\"semiconductor \" class=\"wp-image-32686\"\/><figcaption class=\"wp-element-caption\">credit: Semi.org<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/22\/chang-refuted-by-yeh\/\">Morris Chang refuted by Yeh Wanan, Taiwan was unwilling to invest in TSMC<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/05\/semiconductor-to-taiwan\/\">How important is semiconductor industry to Taiwan?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/10\/chip-war-talk-about\/\">What does book &#8220;Chip War&#8221; talk about?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/04\/13\/china-mature-process\/\">China is monopolizing world&#8217;s chip mature process<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/03\/08\/smic-after-us-embargo\/\">How is SMIC after US embargo?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/03\/02\/tsmc-moat-competitiveness\/\">165 billions investment proved TSMC moat and competitiveness is fragile<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/12\/28\/morris-changs-controversial\/\">TSMC Morris Chang&#8217;s controversial words and deeds<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/10\/01\/how-many-fab-does-tsmc-have\/\" target=\"_blank\" rel=\"noreferrer noopener\">How many fabs and houses does TSMC have currently and in the future?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/10\/02\/rapidus-tsmcs-rival\/\">Rapidus will be TSMC&#8217;s strongest rival in the future<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/07\/10\/mong-song-liang\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mong-Song Liang, the hero of SMIC\u2019s breakthrough in US blockade<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/01\/09\/tsmc-valuation\/\">Why is TSMC valuation much lower than US peers?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/30\/tsmc-negative-corp-culture\/\" target=\"_blank\" rel=\"noreferrer noopener\">TSMC negative toxic corp culture and management style are detrimental to its future and growth<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/04\/01\/tsmc-dcf-value\/\">What&#8217;s TSMC DCF intrinsic value?How to calculate it quickly with a free tool?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/13\/yield-rate-comparison\/\" target=\"_blank\" rel=\"noreferrer noopener\">Yield rate comparison of SMIC, Rapidus, TSMC, Samsung, Intel&#8217;s advanced process<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/04\/29\/cost-of-chip-foundry\/\">The TSMC cost, sell price, and R&amp;D cost of chip foundry<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/01\/15\/asml-who-really-caught-tsmcs-neck\/\" target=\"_blank\" rel=\"noreferrer noopener\">ASML, who dominate TSMC\u2019s fate<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/12\/28\/tsmc-process-roadmap\/\" target=\"_blank\" rel=\"noreferrer noopener\">Comparison of SMIC, Rapidus, TSMC, Intel, and Samsung\u2019s new process roadmaps for future chips<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/30\/two-long-term-threats-to-tsmc\/\" target=\"_blank\" rel=\"noreferrer noopener\">Two long-term threats to TSMC: US and SMIC<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/06\/30\/tsmcs-profit-margin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why is TSMC\u2019s profit margin much greater than competitors?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/08\/13\/how-does-tsmc-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does TSMC make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/11\/02\/zyvex\/\" target=\"_blank\" rel=\"noreferrer noopener\">Zyvex and sub-nanometer semiconductor processes, will Zyvex threat TSMC?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/01\/28\/tsmc-serious-crises\/\">TSMC gets emerging&nbsp;and serious challenges<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Taiwan&#8217;s semiconductor industry accounts for 15% of Taiwan&#8217;s GDP. Taiwan produces more than 60% of the world&#8217;s semiconductors and more than 90% of the most advanced semiconductors. Semiconductors are the largest sub-category of the Taiwan stock market, accounting for 27.02%.<\/p>\n","protected":false},"author":1,"featured_media":32686,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[110,23],"tags":[],"class_list":["post-32665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-semiconductor","category-taiwan-stock-market"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/32665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=32665"}],"version-history":[{"count":27,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/32665\/revisions"}],"predecessor-version":[{"id":38775,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/32665\/revisions\/38775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/32686"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=32665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=32665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=32665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}