Taiwan stock exchange chief pushes diversification beyond TSMC to showcase tech ecosystem

Taiwan's stock market has become the world's fifth-largest, but TSMC accounts for 40% of its value. The exchange's chair, Sherman Lin, is promoting other companies to attract investors, emphasizing Taiwan's broader technology supply chain. He argues that investing in Taiwan means investing in the entire AI ecosystem, not just one chipmaker.

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The exchange's diversification push includes a newly launched index that deliberately reduces electronics weighting in favor of biotechnology, construction, food, and leisure companies. A separate innovation board, established in 2021, targets AI, semiconductor, and green energy listings. Both vehicles aim to attract investors seeking exposure beyond chip manufacturing.

Taiwan's manufacturing corridor spans several cities within a few hours' drive, enabling rapid collaboration among suppliers. Government forecasts project 11% growth for 2026, the fastest since 1987. Analysts note that numerous smaller