Economics

US, China Economic Woes Point to End of Taiwan’s Chip-Led Boom

Covid outbreak, slowdown in export markets weigh on economy
Taiwan GDP expected to expand 3.15% in second quarter

A pedestrian passes in front of Taipei 101 tower in Taipei, Taiwan.
Photographer: Billy H.C. Kwok/Bloomberg

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By Samson Ellis and Argin Chang

July 28, 2022 at 10:00 PM UTC

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Taiwan’s trade-reliant economy is coming back down to Earth after a banner year for growth as its biggest export markets slow and global demand for electronics and semiconductors starts to wane.