Reported 9 months ago
Morgan Stanley Securities pointed out that Taiwan and South Korea, both export-oriented countries, are expected to grow, but Taiwan is benefiting far more from the booming demand for AI in the United States compared to South Korea. The performance of Taiwan's stock market far exceeds that of South Korea's, reflecting the differences in the AI supply chain. The analysis shows that Taiwan, led by TSMC, is likely to continue to dominate the AI supply chain, with other companies such as Quanta, ASE, Foxconn, AUO, Asus, Delta, Gigabyte, and MediaTek also performing well. The competition between Taiwan and South Korea in the AI field has intensified, with Taiwan taking the lead in economic growth and stock market performance, with Taiwan's economic growth rate estimated to be 3.7% in 2024, surpassing South Korea's 2.7%. Taiwan's stock market has outperformed South Korea's KOSPI, with the gap in market value reaching the largest in 20 years, crossing 3,600 billion USD as of the end of May. Looking ahead, Taiwan's position as NVIDIA's exclusive supplier is expected to boost semiconductor exports by over 30%, leaving South Korea in need of more time to catch up.
Source: YAHOO