Markets

Taiwan: AI Chips, CoWoS and What Comes Next

Taiwan makes most of the world's leading AI chips and does the advanced packaging that turns them into shippable products. This door tracks who gets paid when wafers, CoWoS slots and AI servers move — and which step is still stuck. Use the Pulse below, then the standing map.

Taiwan

Land Isn't Slots: Who Gets Paid When Chiayi Opens Packaging Land

October 2026 in one line: NSTC put Chiayi Science Park's Phase II expansion (~198 ha, press-reported) out for public comment — who gets paid is build-out vendors and eventual packaging-slot owners; the stuck step is still CoWoS slots, not hectares on a form.

Photoreal CoWoS-style packaging tool with amber chamber glow; overlay $29.4bn, The check is not slots.

Taiwan

$29.4bn Split: Who Gets Paid When TSMC's August Check Is Not CoWoS Slots

September 2026 in one line: TSMC’s 24 Sep 6-K splits the August board check into $16.0bn advanced tools, $4.8bn packaging/mature, and $8.6bn property. Who gets paid is the toolmakers. The stuck step is still CoWoS — a check is not slots.

25–50% — a lit validation module on a new packaging park site at dusk.

Taiwan

TSMC Baipu Mini-Loop: Who Gets Paid When CoWoS Tools Must Clear Validation First

September 2026 in one line: Baipu breaks ground as a CoWoS tool-and-materials validation hub — modular Mini-Loop, not another volume fab — with a stated 25–50% efficiency aim and expected operations in Q4 2029.

Taiwan

TSMC Revenue, CoWoS and What's Next for Taiwan's AI Chips

August 2026 in one line: TSMC sold NT$514.8bn, Taiwan shipped a record US$82.4bn, and packaging is still the step that sets the pace. Our Q3 math and the dates that matter.

Capacity without variant is nameplate — CoWoS packaging still the stuck step

Taiwan

TSMC, CoWoS Capacity and the Packaging Gate

Taiwan owns the AI finish line. Why a CoWoS capacity number means nothing without its variant, and what would show the packaging gate finally loosening.