Taiwan experienced a significant rise in export orders in August 2024, driven by escalating demand for semiconductors essential for AI applications, with Taiwan Semiconductor Manufacturing Company (TSMC) playing a pivotal role. TSMC's partnerships with tech giants like Apple and Nvidia have bolstered its market position, reflecting Taiwan's critical role in the global technology supply chain. Geopolitical tensions and strategic economic policies have further amplified Taiwan's importance, as the island continues to navigate its position amid the U.S.-China tech rivalry.