Taiwan 2024 Chips Output to Hit Record High of US$154B: ITRI
Taiwan's leading tech research institute has projected the production value of the local semiconductor industry to expand by a record 17.7% due to booming demand for AI chips.
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00:00From India back to Taiwan and Taiwan's global edge in semiconductors is getting even stronger.
00:07Production value is expected to expand 17% this year compared to 2023.
00:14According to Taiwan's leading tech research institute, the production value of chips is
00:19set to grow from US$131 billion last year to US$154 billion this year, a record high.
00:28The growth is being put down to booming demands for AI chips, which will be used in consumer
00:34electronics as new products like AI personal computers hit the market.