Taiwan expects its technology-based economy to grow this year at the fastest pace in nearly four decades, the statistics agency reported Friday, which has revised its forecasts upwards due to the strong demand for artificial intelligence.
Taiwan expects more than eleven percent growth in 2026 thanks to the demand for chips for AI. TSMC benefits and German companies can also earn on the boom.
The island is key to global chip demand, hosting Taiwan Semiconductor Manufacturing Co. GDP growth is projected at 11.05% annually and exports are rising, with controlled inflation.
Taiwan expects its technology-based economy to grow this year at the fastest pace in nearly four decades, the statistics agency reported Friday, which has revised its forecasts upwards due to the strong demand for artificial intelligence.