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“For those who look past China, South Korea and Taiwan’s inventory markets have really achieved fairly effectively,” says Christine Tan, portfolio supervisor at SLGI Asset Administration. “And what’s fascinating about them is they’re in a manner, AI beneficiaries.”
The road from AI to the South Korean and Taiwanese inventory markets, Tan mentioned, will be drawn by means of their publicly listed semiconductor and know-how firms.
Within the six months working as much as June this yr, internet overseas investments in Taiwanese shares totalled US$12 billion, a document unmatched because the first half of 2008. World enthusiasm for ChatGPT and the promise of generative AI have been a boon for Taiwan’s inventory market, which is dominated by high companies throughout the continuum of {hardware} and software program provide chains.
Apart from chipmaking big Taiwan Semiconductor Manufacturing Co. (TSMC) – which in July introduced a US$2.9-billion funding in a brand new plant to deal with a requirement for AI chips – the Asian nation is residence to circuit board producer Unimicron, community swap maker Accton Know-how, and chip design companies Alchip Applied sciences and World Unichip, amongst others.
South Korea, in the meantime, is a dominant power out there for reminiscence chips, important gas for any competitor within the international AI race. The nation just lately doubled down on its dedication to the reminiscence market by means of a “digital technique,” beneath which it’s aiming to turn into one of many world’s high three AI powerhouses by 2027.
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