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Taiwan's economy surges by around 13% thanks to AI demand

Taiwan's economy surges by around 13% thanks to AI demand

NewsBytes 1 week ago
Taiwan's economy has witnessed an unexpected growth surge in the second quarter, largely driven by the skyrocketing demand for artificial intelligence (AI) technology.
The island's gross domestic product (GDP) grew by 12.9% from April to June, according to data released by Taipei's statistics bureau on Friday. This is slightly lower than the first quarter's growth of 14.6%, but still beats analysts' median forecast of 10.5%.
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