Taiwan shares reached new record highs on Friday as the increasing demand for artificial intelligence and semiconductor technology enhances investor confidence in the country's tech companies. Market analysts predict that this upward trend in Taiwan stocks will continue to strengthen. According to data from Factset, the Taiwan Weighted Index reached a peak of 20, 296 before experiencing a slight decline. Paul You, the chairman of First Securities Investment Corporation, believes it could surpass 24, 000 by the end of the year. The global demand for AI has remained strong in the past few months and shows significant potential, according to You.

While other industries struggle with global macro uncertainty, the tech sector in the Asia-Pacific region continues to expand due to the semiconductor boom. You asserts that this sets the stage for an economic boom in Taiwan, as it possesses the "most robust supply chain for AI service manufacturing. "