The Taiwan Stock Exchange witnessed a remarkable surge in revenues during the year 2024, reaching unprecedented levels. Data from CMoney, an investment consulting firm, revealed that the combined revenue of listed companies on the Taiwan Stock Exchange and the Taipei Exchange amounted to NT$44.66 trillion, marking a significant 12.8% increase compared to the previous year. This surge culminated in a record-breaking performance, showcasing the resilience and growth of Taiwan’s financial market.

The outstanding results were particularly evident in the final quarter of 2024, where companies reported a substantial 23.92% surge in revenue compared to the same period in the previous year, totaling NT$4.1 trillion. Moreover, the December quarter saw a remarkable 15.63% rise in combined revenue, reaching NT$12.25 billion, the highest quarterly figure ever recorded. Analysts attributed this strong performance to various factors, including a rebound in the economic landscape and robust shipments of artificial intelligence (AI) devices.

The depreciation of the New Taiwan dollar against the US dollar, coupled with a surge in orders placed with Taiwanese companies in anticipation of potential tariff increases by the US administration, further fueled the revenue growth. Looking ahead, analysts from Fubon Securities Investment Services Co and SinoPac Securities Investment Service Corp anticipate that the revenue momentum will continue to be robust in the upcoming quarter, defying the usual seasonal slowdown. This optimism is supported by the expected shipments of AI servers utilizing Nvidia Corp’s GB200 chips.

Several industries experienced significant revenue growth in 2024, with the shipping and transportation sector, electronic components and electronics distribution, and finance industries leading the pack. On an individual company level, Hon Hai Precision Industry Co emerged as the top revenue generator, followed by Taiwan Semiconductor Manufacturing Co, Quanta Computer Inc, Pegatron Corp, and Wistron Corp. These companies collectively accounted for nearly 30% of the total revenue of all listed firms, reflecting their substantial contributions to the market.

Conversely, industries such as oil, gas, electricity, glass, ceramics, and steel faced challenges, witnessing a decline in revenue due to unfavorable market conditions. Despite these setbacks, the overall performance of listed firms on the Taiwan Stock Exchange demonstrated resilience and adaptability in the face of various economic challenges.

In conclusion, the Taiwan Stock Exchange’s record-high revenues in 2024 underscore the market’s strength and vitality. The diverse factors contributing to this success, ranging from the AI boom to global economic dynamics, highlight Taiwan’s position as a key player in the international business landscape. This achievement not only reflects the resilience of Taiwan’s economy but also sets a positive trajectory for future growth and development in the region.