Taiwan raised its 2026 economic growth outlook due to booming AI-driven exports, with a 70% surge in January exports. Taiwan Semiconductor Manufacturing Co. remains central to this strength, reporting a 37% jump in January revenue. The Directorate General of Budget, Accounting and Statistics expects GDP to expand by 7.71% this year, with further upward revisions possible.

Officials see a balance of risks skewing towards further upgrades, as major cloud service providers increase AI-driven capital spending. Taiwan projects a 22.22% surge in exports in 2026, reinforcing its role as a global AI and semiconductor center. Nvidia plans to invest over 40 billion New Taiwanese dollars in a significant project to build a Taipei headquarters.

Read more at Yahoo Finance: The AI Boom Is Real, And Taiwan Is Cashing The Checks