Taiwan’s split industrial fortunes: AI growth propels economy while traditional manufacturers struggle
Taiwan is experiencing an artificial intelligence-driven economic boom, pushing GDP growth above 8 percent in the third quarter. However, traditional manufacturers, particularly in the New Taipei Industrial Park, are facing significant challenges due to rising costs and clients going out of business.
Source Financial Times
Engineer Kevin Chung explains that despite the success of cutting-edge technology sectors, conventional manufacturing companies are struggling, highlighting a clear divide within the country’s industrial landscape. This divergence poses potential risks to the regional economic balance and social stability.
Unless traditional manufacturers adapt and receive adequate support, this gap is likely to widen, presenting further challenges for Taiwan’s overall economic future.
