AI demand lifts Taiwan's U.S. exports, investments to record highs

TAIPEI -- Taiwan's exports to the U.S. and direct investment in the country surged to record highs in 2024, driven by demand for data center equipment used in artificial intelligence.

Exports to the U.S. soared 46% to $111.3 billion last year, according to Taiwan's Finance Ministry. Overall exports rose 9.9% to $475 billion. Exports to mainland China, Japan and Europe were down from 2023.