Taiwan Records Fastest Growth Driven By AI Exports

Taiwan’s economy expanded at an 8.6% annual rate last year, the fastest pace in 15 years, the island’s statistics agency said Friday. Exports jumped nearly 35% and shipments to the U.S. surged 78%, driven by AI-related demand and semiconductor production by firms like TSMC and Foxconn; a recent U.S. trade deal secures $250 billion in investments and lowers tariffs.