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Taiwan

East Asia · Taipei · TWD (New Taiwan Dollar)

GDP
$884.39B
nominal, USD
GDP growth
8.7%
real, annual
Inflation
1.7%
annual
Market cap
$2.90T
total listed, USD

Economy & industry overview

Taiwan is a high-income, export-oriented economy and a global leader in semiconductor manufacturing, with the technology sector—particularly integrated circuits, electronics, and ICT products—forming the backbone of its industrial base. The Taiwan Semiconductor Manufacturing Company (TSMC) alone represents the majority of the exchange's market capitalisation and is among the world's ten largest public companies by value. Taiwan's total trade reached US$869.4 billion in 2024, with semiconductors, flat panel displays, and petrochemicals among its top exports to partners including the United States, China/Hong Kong, and ASEAN nations. The economy recorded real GDP growth of approximately 5.3% in 2024 and an estimated 8.68% in 2025, driven strongly by AI-related demand for advanced chips and high-performance computing infrastructure. Financial services, petrochemicals, precision machinery, and biotechnology round out Taiwan's diversified industrial profile.

Key sectors

SemiconductorsElectronics & ICTPrecision MachineryPetrochemicals & ChemicalsFinancial ServicesBiotechnologyFlat Panel DisplaysNetworking & Communications
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Macro

GDP nominal, USD$884.39B
GDP growth real, annual8.7%
Inflation annual1.7%
Population people23.2M
GDP per capita USD$42,103
Market cap total listed, USD$2.90T
Market cap / GDP328.0%
Unemployment3.4%
Listed companies1,018
ExchangeTaiwan Stock Exchange Corporation (TWSE)

Data year: 2025. Sources: IMF World Economic Outlook (April 2026), Taiwan Government Portal (taiwan.gov.tw), Taiwan Stock Exchange Corporation Fact Book 2025 (twse.com.tw), Wikipedia – Economy of Taiwan, Worldometers – Taiwan GDP, CEIC Data – Taiwan GDP, FocusEconomics – Taiwan, Statista – Taiwan Inflation and Unemployment, Trading Economics – Taiwan, Hudson Institute – Taiwan Stock Exchange Analysis (June 2026), Grokipedia – Largest Companies in Taiwan.

Other East Asia markets

Largest listed companies

The biggest companies on the main local exchange, by market capitalisation.

# Company Sector Market capUSD US listing

US-traded ETFs

Funds listed in the US that give exposure to this market — the simplest route for many US investors.

Ticker ETF Issuer Scope Expense ratioannual % Exposure% of fund

Local exchange & access

ExchangeTaiwan Stock Exchange Corporation
CodeTWSE
Websitewww.twse.com.tw
CurrencyTWD

Local broker access

Foreign investors may access TWSE-listed securities through local licensed brokers (e.g., Fubon Securities, Cathay Securities, KGI Securities) or international brokers offering Taiwanese market access. Direct market participation by foreign institutional investors requires registration with the Taiwan Stock Exchange. US investors often gain exposure via ADRs (TSMC trades as TSM on NYSE) or Taiwan-focused ETFs such as EWT. The over-the-counter Taipei Exchange (TPEx) lists additional smaller-cap and emerging companies. Settlement follows a T+2 cycle; all trading is denominated in New Taiwan Dollars.

Global brokers with foreign-market access

Listed for convenience only — not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.

Relocation & residency

Investment visa / residency programme

Grants Temporary residency / Employment Gold Card (renewable); pathway to permanent residency

Taiwan does not operate a formal residency-by-investment or citizenship-by-investment programme in the conventional sense. However, foreign nationals who establish or invest in a qualifying business in Taiwan may apply for an Employment Gold Card (a four-in-one combined work permit, residence permit, alien resident certificate, and re-entry permit valid for 1–3 years), or for permanent residency after meeting qualifying investment and residency thresholds under the Act for the Recruitment and Employment of Foreign Professionals. The Investment Commission under the Ministry of Economic Affairs administers related investment immigration pathways.

Minimum investment: $200.00K

Need help applying? Specialist investment-migration advisers such as Henley & Partners.

Foreign-investor access

Foreign nationals investing NTD 6 million (approx. USD 190,000–200,000) in a Taiwanese enterprise or qualifying financial instrument may be eligible to apply for investor residency. The Employment Gold Card targets high-skilled professionals in technology, finance, culture, and other designated fields, and is issued for 1–3 years with renewal options. Permanent residency requires five consecutive years of legal residence and meeting income or asset thresholds. Taiwan does not grant citizenship solely on the basis of investment.

US-listed ADRs & cross-listings

Companies from this country whose shares also trade in the US — investable in a normal US brokerage account.

CompanyUS tickerLocal tickerNote
ASE Technology Holding Co., Ltd.ASX3711Listed on NYSE; the world's largest semiconductor assembly and test services company. Each ADR represents one ordinary share.
Acer Inc.ACEYY2353Trades OTC in the US as a pink-sheet ADR; Acer is a globally recognised PC and consumer electronics brand headquartered in New Taipei City.
Chunghwa Telecom Co., Ltd.CHT2412Listed on NYSE; Taiwan's largest telecom operator, majority government-owned. Trades as an ADR with each unit representing 10 ordinary shares.
Hon Hai Precision Industry (Foxconn)HNHPF2317Trades OTC in the US; the world's largest electronics contract manufacturer. Not listed on a major US exchange but accessible via OTC markets.
Taiwan Semiconductor Manufacturing CompanyTSM2330Listed on NYSE; one of the highest-market-cap ADRs globally. Each ADR represents 5 ordinary TWSE shares. Widely held by institutional and retail investors as a proxy for semiconductor and AI infrastructure exposure.
United Microelectronics CorporationUMC2303Listed on NYSE; Taiwan's second-largest contract semiconductor foundry. Each ADR represents two ordinary TWSE shares.
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