00:00A leading think tank has raised its forecast for Taiwan's 2026 economic growth to 7.5%,
00:06nearly double what it predicted at the start of the year.
00:09The Taiwan Institute of Economic Research says it revised its forecast based on solid AI demand,
00:15robust exports and investments. Think tank officials dismissed concerns of an AI bubble,
00:20saying AI growth has spread beyond foundries and into memory, servers and the broader supply chain.
00:26They add that the sector could sustain an investment boom for at least 20 years.
00:32Taiwan's benchmark Tyx closed up over 3% on Friday,
00:35with shares in chipmaker TSMC also reaching a new all-time high.
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