AI Tech Demand Lifts Taiwan GDP Forecast

Taiwan announced a significant uplift in its economic forecast on Friday, reporting that third-quarter GDP grew by 8.21 per cent, exceeding previous estimates due to a global surge in demand for artificial intelligence (AI) technology.

As the world’s leader in semiconductor chip manufacturing—the core component of AI infrastructure—Taiwanese exports have seen a “significant” boost, with total shipments hitting a record high in October.

Taiwan (News Central TV) — AI tech demand lifts Taiwan GDP forecast. Credit: Reuters

The statistics bureau attributed the rapid expansion to major cloud service providers accelerating AI development, coupled with recovering consumer electronics demand and the absence of special US tariffs on semiconductors.

Consequently, the full-year GDP growth forecast was also raised to 7.37 per cent.

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Abisoye Adeyiga

Abisoye Adedoyin Adeyiga holds a PhD in Languages and Media Studies and a Master’s in Education (English Language). Trained in digital marketing and investigative journalism, she is passionate about new media’s transformative power. She enjoys reading, traveling, and meaningful conversations.