Taiwan Tech Giants Report Strong Q1 Growth Amid AI-Fueled Economic Boom

TaiwanPlus News

Taiwan’s economy is riding a powerful wave of AI-driven demand, with major tech firms posting strong first-quarter results. Electronics giant Delta Electronics reported over 30% year-on-year revenue growth, while chip designer MediaTek has plans to double its AI chip business this year. The booming AI sector has significantly boosted the broader economy, with preliminary data showing Taiwan’s GDP grew 13.69% year-on-year in Q1, the fastest pace since 1987.

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00:00Two of Taiwan's leading tech firms have reported strong first quarter earnings as the AI boom continues.

00:08Electronics giant Delta, Taiwan's second largest listed company, saw 34% year-on-year growth, with revenue of around US

00:16$5 billion.

00:18Meanwhile, chip designer MediaTek saw a slight drop in quarter one revenue, but is still upbeat, projecting a 100%

00:26expansion in its AI chip business this year.

00:30Strong AI demand has supercharged Taiwan's economy.

00:34On Thursday, the government released preliminary quarter one GDP data, showing nearly 13.7% year-on-year growth, the

00:43fastest since 1987.

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