Taiwan Chip Production Value Could Hit New High in 2024, Analysts Say
Taiwan's chip production value could set a new record in 2024, according to the country's technology research institute, ITRI. The increase follows a post-pandemic downturn in consumer demand for electronics.
Transcript
00:00 After a post-pandemic slump in electronics demand, some industry leaders are expecting to see a strong recovery in the lucrative chips industry next year.
00:08 That includes South Korean tech giant Samsung.
00:10 The company just reported its highest quarterly profits so far this year, and it says that this is a promising sign that 2024 will be even better.
00:18 Here in Taiwan, a major research institute says that booming demand for AI and high-performance computing means that Taiwan's chip sector production value could hit record high next year.