JPMorgan Chase has stated that the technology sector in the Asia-Pacific region is showing growth, supported by the boom in the semiconductor industry. The global technology sector faced difficulties in 2022 due to high inflation and rising interest rates that weakened consumer spending, but it may see moderate recovery in 2024. The semiconductor industry is closely related to artificial intelligence, and the AI wave will drive overall growth in the technology sector. Companies like NVIDIA and TSMC have benefited from the AI hype. Singapore plans to invest more than S$1 billion to enhance its capabilities in artificial intelligence.