TSMC’s Rise to Push Taiwan Past South Korea in Key Wealth Gauge
Taiwan’s dominance in products underpinning AI development has created boom times for its exports.
Photographer: An Rong Xu/BloombergTaiwan is set to surpass South Korea this year in terms of wealth for the first time in over two decades, marking a shift in Asia’s economic ranks made possible by the ascent of Taiwan Semiconductor Manufacturing Co.
According to the latest forecasts released Thursday by Taiwan’s central bank, the island’s gross domestic product is expected to expand 4.55% in 2025, a further upward revision from the 4.45% estimate made by the statistics bureau in August.