Back
Automatically translated version. May contain inaccuracies compared to the original.
💻 And The Economist is also checking whether the AI boom is reaching ordinary people... in chip-producing countries))
🇰🇷In South Korea, chip exports raised annual GDP growth to about 4%, in 🇹🇼Taiwan to 12%.
TSMC ramped up production from 10 million wafers in 2019 to 15 million last year, and investment from $15 billion to $41 billion. Wages in Taiwan are already rising by 3% a year versus 1,9% before the pandemic.
The government plans to raise social spending by 40% in 2027 and to give every citizen an “AI dividend” of about $300. In Korea, the gains so far are concentrated in less than 1% of chip-industry workers.
Telegram publication
