After a modest 1.3% expansion in 2023, Taiwan’s economy, propelled by an exports surge, revved up in the first quarter of 2024, logging a 6.5% rise, the fastest pace in almost three years. Semiconductor Tycoons Get Richer On Rising Demand For Complex Chips Needed For AIKey players such as TSMC and ASE see sales and shares jump, as they expand offshore to hedge risks.