Taiwan’s economy is booming thanks to AI. Not everyone sees the benefits
Summary
Taiwan’s economy is growing quickly because of its strong role in making semiconductors used in artificial intelligence (AI) technology. However, the economic benefits mainly affect the tech industry, while other sectors and many workers do not share in the growth.Key Facts
- Taiwan produces about 90% of the world’s most advanced chips used in leading AI models like ChatGPT.
- Taiwan’s GDP grew 8.63% in 2025 and 13.69% in the first three months of 2026.
- Exports reached $640.7 billion last year, with over two-thirds being tech-related goods and services.
- Semiconductors make up more than 20% of Taiwan’s GDP, mainly produced by Taiwan Semiconductor Manufacturing Company (TSMC).
- TSMC alone represents over 40% of the value of Taiwan’s stock market.
- The semiconductor industry employs around 300,000 people in a total workforce of 11 million.
- About 7 million Taiwanese work in the service sector, much larger than the tech manufacturing workforce.
- Experts warn that Taiwan’s rapid growth is uneven, leading to concerns about widening wealth gaps and economic imbalance between industries.
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