HSBC Sees AI and Semiconductors Driving Strong Taiwan Export Growth Over Next Three Years

Taiwan’s exports rely heavily on its semiconductor and information and communications technology supply chains. The expansion of data centers by global cloud providers in recent years has boosted demand for AI and high-performance computing chips and servers. HSBC said this investment cycle is largely underpinned by technology companies’ earnings and should prove more durable. Taiwan’s advanced manufacturing capabilities should also be sufficient to offset energy import costs and the risks posed by U.S. tariffs.

At its Asian mid-year economic outlook briefing on June 2, 2026, HSBC said Taiwan’s exports reached $67.62 billion in April, up 39% from a year earlier and the second-highest monthly total on record. With capital spending by Alphabet, Amazon, Meta and Microsoft set to continue through 2028, the bank expects exports to remain strong over the next two to three years and annual export value to increase by about $60 billion each year from 2025 to 2030.