‘Relentless’ AI Demand Spurs Huge BofA Upgrade of Taiwan Economy

Bank of America Corp. nearly doubled its prediction for Taiwan’s economic growth this year, adding to a slew of upgrades even after a rip-roaring 2025 propelled by the AI buildout.

The firm lifted its projection to 8% from 4.5% on “relentless global demand” for the tech hardware that Taiwanese companies make, according to a note by analysts including Xiaoqing Pi was that dated Tuesday. Gross domestic product expanded 8.63% last year, the fastest pace since 2010.