TAIPEI (Taiwan News) — National Development Council Minister Liu Chin-ching (劉鏡清) said Wednesday this year’s economic growth rate is firmly at 4.2%, the second highest in the past 15 years.
Liu said at a year-end press conference this growth was mainly due to robust domestic investment, per CNA. He noted Taiwan’s impressive GDP growth, which grew by 4.17% in Q3, according to the government.
From his travels, Liu said many countries want to develop semiconductor cooperation with Taiwan, which shows that Taiwan’s brand recognition has increased.
Regarding exports, Liu noted that Nvidia’s GB200 AI server has driven the rise of electronic components, per UDN. The computers have high requirements that only Taiwanese manufacturers can meet, he added.
Liu said most forecasts estimate next year’s GDP growth between 3% and 3.2%. Repatriated capital could reach NT$5 trillion (US$152 billion), the third highest in history.