Every week, we'll select Taiwan's five business news from the previous week for your review.
Taipei, Dec. 14 (CNA) The Taiwan Research Institute (TRI) on Wednesday forecast economic growth of 3.16 percent for Taiwan in 2025, driven by continued demand for artificial intelligence (AI) products. The booming artificial intelligence (AI) market is expected to boost Taiwan's export performance, with real growth in goods and services exports projected to reach 5.95 percent in 2025, according to the think tank.
Taipei, Dec. 14 (CNA) Cathay Financial Holding Co., the largest financial holding firm in Taiwan, has forecast the country's gross domestic product (GDP) will grow 2.8 percent in 2025 while anticipating the Central Bank of the Republic of China (Taiwan) will leave its key interest rates unchanged for now.
TAIPEI (Taiwan News) — Economics Minister Kuo Jyh-huei (郭智輝) and Oklahoma Governor Kevin Stitt signed an economic and industrial cooperation agreement Monday to deepen bilateral ties in technology and energy. Kuo said in a press release that trade between Taiwan and Oklahoma has grown steadily since 2016. The two sides will enhance trade, investment, and industrial development cooperation, including semiconductors, drones, artificial intelligence, and energy.
TAIPEI (Taiwan News) — Time Magazine Tuesday named Advanced Micro Devices CEO Lisa Su (蘇姿丰) as CEO of the Year. Time credited much of AMD's success as a leading CPU chip maker and designer of GPUs to Su’s leadership. It pointed out that since becoming CEO 10 years ago, Su has taken the firm from having a stock price of US$3 (NT$97) to surpassing its rival Intel in 2022 and now trading at about US$140 per share.
〔Taiwan Plus〕TSMC November Revenue Up 34% on Strong AI Demand
Taiwanese chipmaking giant TSMC has posted about US$8.5 billion in November sales, a 12.2% revenue fall from October but a 34% year-on-year increase. High demand for AI has been credited for the better-than-predicted earnings.
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