October 11, 2024 - The Taiwanese market is witnessing a significant rise in interest towards artificial intelligence (AI) technologies. Major companies, including Taiwan Semiconductor Manufacturing Company (TSMC), have reported a notable increase in their stock shares.
Despite a market correction in September, the outlook for the third quarter remains positive, with record revenues anticipated for listed companies. Sales of new devices from Apple and Huawei have further fueled growth in the technology sector.
According to 工商時報, Taiwanese companies are expected to achieve cumulative revenue of NT$2.8 trillion by the end of the year. Additionally, upcoming year-end holidays, such as Halloween and Christmas, are projected to enhance market demand.