Taiwan's economy is experiencing growth driven by increasing demand for AI technology, despite uncertainty in the global market. The country's semiconductor industry, in particular, is thriving, with Taiwan Semiconductor Manufacturing Company (TSMC) being a global leader in semiconductor manufacturing.
Taiwan's strengths in hardware manufacturing, especially in cloud equipment and edge devices, have positioned it as a critical hub in the global AI revolution. The government is also actively promoting AI development, with initiatives such as the establishment of a multi-million dollar AI hub in partnership with Microsoft.
The country's unique position in the tech supply chain could lead to significant economic gains, with some investors predicting that Taiwan's AI sector will continue to grow rapidly. However, challenges remain, including the need to move up the value chain into systems and software development, as well as addressing the increasing shortage of engineering talent in Taiwan.
