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Taiwan: Taiwan's GDP growth boosted by higher global chip demand
Hsinchu, Taiwan - January 24, 2025 Taiwan's GDP grew by 4.3 percent in 2024, slightly surpassing government forecasts, thanks to the strong boost from exports of technological products and chips used for artificial intelligence (AI) and high-performance computing, official sources reported this Friday. This estimate, released by Taiwan’s Directorate-General of Budget, Accounting and Statistics (DGBAS), marks an acceleration in the island's economic growth, which had only expanded by 1.12 percent in 2023 and 2.68percent in 2022. Camera: JAVIER CASTRO BUGARÍN. SHOT LIST: SEMICONDUCTOR FACTORIES, INCLUDING TSMC, THE WORLD'S LARGEST CHIP MANUFACTURER LOCATED IN THE SCIENCE AND INDUSTRIAL PARK OF HSINCHU, NORTHERN TAIWAN. [Restrictions: Spain, Latin America, or the U.S. Hispanic market]
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