Taiwan in June 2026: the most important developments in economy
Taiwan's economy in June 2026 was tied closely to the artificial intelligence boom. On 1 June Nvidia courted executives from South Korea's major technology companies at a dinner in Taipei. Foxconn partnered with Thales and Radiall to produce semiconductors in France and showed its global AI factory work at VivaTech. Two Taiwanese brothers amassed $1 billion from a boom in display chips. Taiwan and South Korea saw stocks rise more than Japan, and Standard Chartered raised Asia excluding Japan to overweight, favouring Taiwan and China on AI and earnings.
Other developments were varied. Japan launched probes into steel imports from China, Taiwan and South Korea. Taiwan's CPC prepared to diversify its crude oil imports as the Strait of Hormuz reopened. Grab expanded into Taiwan while seeking to ease data security concerns. Taiwanese entrepreneurs from TEEMA planned a technology park near Wroclaw, and China's import of custard apples raised fears in Taiwan. A Chinese spokesperson said what it called judicial abuse by the Democratic Progressive Party authorities to undermine cross-Strait AI industrial chains would accelerate the loss of Taiwan's industrial advantage.
by WorldBrief & Maksim Micheliov | AI-generated summary
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