Taiwan's chipmakers and electronics firms are pouring money into factories and land, a boost for industrial property owners and builders even as regular home sales stay weak.

• AI orders are so heavy that existing production lines can't keep up, so tech companies are buying up industrial buildings.
• TSMC got there first, spending over $60 billion over the past few years on plants and equipment, with more than 13 sites across Taiwan.
• This year Micron, ASE, and SPIL are leading the buying, with over NT$100 billion spent so far and full-year deals expected to top NT$200 billion.
• Old factories are the problem: too cramped, too low, too weak for modern gear, and local power supply is running short.
• With housing demand soft, some developers are shifting toward factory-office projects to catch the AI money.

Outlook: Industrial property deals should keep climbing as more firms hunt for land and power to expand.