Taiwan chip industry sees revenue soaring 40 percent in 2026

The TSMC logo is seen on screens at the Taiwan Semiconductor Manufacturing Company (TSMC) Renovation Museum at the Hsinchu Science Park. (AFP Photo)

Revenue from Taiwan’s semiconductor chip sector is expected to soar 40 percent this year, a top industry official said on Sept. 2, driven by skyrocketing demand for artificial intelligence technology.

The island is a global powerhouse in the manufacturing of chips.

“This year Taiwan’s semiconductor industry performs even better. Our total revenue is projected to be close to $300 billion. That’s more than 40 percent growth over last year,” Wu Chih-i, president of the Taiwan Semiconductor Industry Association, said at the opening of the SEMICON expo in Taipei.