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TAIWAN:  GDP Expands Faster than Expected.

TAIWAN
GlobalEM BulletBulletAPACTaiwanRegionEmerging Market News
  • The boom in demand for semi-conductor chips so intrinsic in AI  saw Taiwan’s GDP expand faster than surveys expected.
  • GDP third quarter output grew +3.97% YoY which whilst down from the second quarter expansion of +5.06%, was still ahead of expectations.
  • Taiwan continues to benefit from global demand for semiconductors as it is home to the one of the world's leading manufacturers Taiwan Semiconductor Manufacturing Company (TSMC).
  • TSMC’s fortunes are at the heart of Taiwan’s fortunes and with its shares hitting a record high recently and sales forecast to climb 30% YoY, all eyes remain on Taiwan’s export performance as an indicator for this sector. 
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  • The boom in demand for semi-conductor chips so intrinsic in AI  saw Taiwan’s GDP expand faster than surveys expected.
  • GDP third quarter output grew +3.97% YoY which whilst down from the second quarter expansion of +5.06%, was still ahead of expectations.
  • Taiwan continues to benefit from global demand for semiconductors as it is home to the one of the world's leading manufacturers Taiwan Semiconductor Manufacturing Company (TSMC).
  • TSMC’s fortunes are at the heart of Taiwan’s fortunes and with its shares hitting a record high recently and sales forecast to climb 30% YoY, all eyes remain on Taiwan’s export performance as an indicator for this sector.