Japanese Prime Minister Fumio Kishida (center), and TSMC CEO C.C. Wei (right) are briefed on developments at the company’s first fab in Japan, which opened in February. Production is scheduled to begin in the fourth quarter of this year.
BY JAMES HILL AND ALEX MYSLINSKI
GDP Forecasts Raised
The Chung-Hua Institution for Economic Research (CIER) has raised its 2024 GDP growth outlook for Taiwan from 3.1% in January to 3.38%, citing optimism for recovery in the export sector. As global trade is expected to expand by 5.09% this year, CIER expects Taiwan’s exports to increase by 5.63%. The Taiwan Institute of Economic Research…