Taiwan Economy Rides AI Boom to Better-Than-Expected Growth (1)

Taiwan’s economy soared past expectations to clock a second consecutive quarter of strong growth, as gains from the artificial intelligence boom continue to power the global chip hub.

Gross domestic product expanded 7.64% in the July-September period, according to a Friday statement from the statistics bureau. That was the second-fastest rate in four years — only to be outdone by the previous three months — and beat the 6.25% median estimate in a Bloomberg survey of economists.

External demand made its highest contribution for the period in 17 years, Chiang Hsin-yi, a senior executive officer at the statistics bureau said ...