US EditionTaiwan's economy turbocharged by AI boom
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2 Articles
Taiwan's economy turbocharged by AI boom
Taiwan’s economy expanded at an 8.6% annual rate last year, the fastest pace in 15 years, as its export-focused industries were buoyed by the frenzy over artificial intelligence and a surge of shipments to the U.S. The advanced estimate released by Taiwan’s statistics agency on Friday was much better than economists had forecast. It was the strongest growth rate since 2010. Taiwan set a trade deal earlier this month with U.S. President Donald Tr…
Benefiting from the formal conclusion of the Taiwan-US Reciprocal Trade Agreement (ART) and the continued rise in demand for AI (artificial intelligence), the Chung-Hua Institution for Economic Research (CIER) announced on February 2nd that Taiwan's Manufacturing Purchasing Managers' Index (PMI) rose 1.9 percentage points to 57.2% in January, marking the fastest expansion since April 2022. CIER President Lien Hsien-ming analyzed that the settlem…
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