Taiwan’s Exports Surge 50% as President Lai Pushes ‘AI Island’ Plan
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Taiwan’s exports jumped nearly 50% in the first half of this year, driven by booming global demand for artificial intelligence (AI) chips and hardware. President Lai Ching-te has made building an “AI island” a central policy, aiming to turn Taiwan into a global hub for AI development and manufacturing. The surge is largely fueled by companies like TSMC, which produces the advanced semiconductors powering AI systems worldwide. Officials say the strong export data signals Taiwan’s deepening role in the tech supply chain, though they caution that global economic uncertainties could slow growth in the second half.