Artificial intelligence is fueling demand for data centers across Asia, with capacity set to double in the next four years, according to Moody’s. Projesh Banerjea, KKR director and Southeast Asia infrastructure lead, joins John Lee and Katia Dmitrieva on the Asia Centric podcast to discuss how investors can best tap into that growth – and how it can get complicated.

Artificial intelligence is fueling demand for data centers across Asia, with capacity set to double in the next four years, according to Moody’s. Projesh Banerjea, KKR director and Southeast Asia infrastructure lead, joins John Lee and Katia Dmitrieva on the Asia Centric podcast to discuss how investors can best tap into that growth – and how it can get complicated.

Some of the world's largest and fastest-growing markets, economies and companies are in Asia. Every Thursday, John Lee from Bloomberg Intelligence speaks with experts and newsmakers about the big ideas and trends moving money across the region.

Some of the world's largest and fastest-growing markets, economies and companies are in Asia. Every Thursday, John Lee from Bloomberg Intelligence speaks with experts and newsmakers about the big ideas and trends moving money across the region.

Asia Centric by Bloomberg Intelligence

KKR on 'Enormous' AI-Driven Data Center Demand

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/97157a09-7af9-4db1-a3e0-b21200145a53/transcript

Taiwan's economy defied all expectations to post a staggering 8.7% real GDP growth in 2025. This unprecedented expansion was driven by a boom in semiconductor sales, with Taiwan Semiconductor Manufacturing Co. (TSMC) fueling a current account surplus of nearly 20% of GDP. The tech giant is so dominant that it now accounts for more than 44% of Taiwan's stock exchange weighted index.

But can this extraordinary, semiconductor-led growth continue? The heavy reliance on TSMC is creating a K-shaped recovery, which poses a headache for the central bank. With inflation relatively low despite the headline growth, policymakers face a dilemma: how to manage interest rates without stifling the broader domestic economy, and whether the Taiwan dollar should be allowed to appreciate beyond the tight trading range it’s maintained for 30 years.

Paul Cavey, an independent economist, founder of East Asia Econ, and former Asia macro strategist at Wellington Management, joins host John Lee from Taipei to unpack these macroeconomic challenges. Cavey discusses Taiwan’s unique re-industrialization story, its strategic pivot away from mainland China, and why demographic constraints and labor shortages are finally pushing domestic wages higher.

Taiwan's economy defied all expectations to post a staggering 8.7% real GDP growth in 2025. This unprecedented expansion was driven by a boom in semiconductor sales, with Taiwan Semiconductor Manufacturing Co. (TSMC) fueling a current account surplus of nearly 20% of GDP. The tech giant is so dominant that it now accounts for more than 44% of Taiwan's stock exchange weighted index.
But can this extraordinary, semiconductor-led growth continue? The heavy reliance on TSMC is creating a K-shaped recovery, which poses a headache for the central bank. With inflation relatively low despite the headline growth, policymakers face a dilemma: how to manage interest rates without stifling the broader domestic economy, and whether the Taiwan dollar should be allowed to appreciate beyond the tight trading range it&rsquo;s maintained for 30 years.
Paul Cavey, an independent economist, founder of East Asia Econ, and former Asia macro strategist at Wellington Management, joins host John Lee from Taipei to unpack these macroeconomic challenges. Cavey discusses Taiwan&rsquo;s unique re-industrialization story, its strategic pivot away from mainland China, and why demographic constraints and labor shortages are finally pushing domestic wages higher.

How TSMC Powered Taiwan's Remarkable GDP Growth

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a3287b61-01b4-4d64-ad4f-b4260073447a/transcript

The Iran war is refocusing global attention on the critical supply chains that power modern military arsenals. Rare earths are essential components in advanced weaponry, from fighter jets to interceptor missiles such as THAAD and Patriot. However, with Chinese export restrictions increasingly targeting equipment with military end-uses, Western nations are facing a critical shortage of the materials needed to rearm.

How long will it take for countries to counter China's near-monopoly and achieve true supply independence? And beyond the defense sector, what is the long-term growth potential for the industry as demand accelerates for electric vehicles, AI data centers, and advanced humanoid robotics?

Jack Baxter, Global Metals and Mining Analyst at Bloomberg Intelligence, joins host John Lee on the Asia Centric podcast. Together, they unpack the unprecedented deals reshaping the market and explore how Western miners – including MP Materials and Lynas Rare Earths – are positioned to capitalize on this shift.

The Iran war is refocusing global attention on the critical supply chains that power modern military arsenals. Rare earths are essential components in advanced weaponry, from fighter jets to interceptor missiles such as THAAD and Patriot. However, with Chinese export restrictions increasingly targeting equipment with military end-uses, Western nations are facing a critical shortage of the materials needed to rearm.
How long will it take for countries to counter China's near-monopoly and achieve true supply independence? And beyond the defense sector, what is the long-term growth potential for the industry as demand accelerates for electric vehicles, AI data centers, and advanced humanoid robotics?
Jack Baxter, Global Metals and Mining Analyst at Bloomberg Intelligence, joins host John Lee on the Asia Centric podcast. Together, they unpack the unprecedented deals reshaping the market and explore how Western miners &ndash; including MP Materials and Lynas Rare Earths &ndash; are positioned to capitalize on this shift.

Iran War Drives New Global Urgency for Rare Earths

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c8b49dc9-8a45-4a06-8dc8-b41f0061d4c5/transcript

Manufacturing the world's most advanced semiconductors demands a massive, uninterrupted supply of electricity. In Taiwan, the technology sector alone accounts for a staggering one-quarter of the economy's total power consumption. However, the war in the Middle East is exposing deep vulnerabilities for both South Korea and Taiwan, as these vital chipmaking hubs rely heavily on oil, LNG and chemical gases flowing through the region.

If the conflict drags on, exactly how long can strategic energy reserves last in Seoul and Taipei? Could sudden power shortages during the high-demand summer peak season derail the global rollout of AI infrastructure? And what emergency measures can policymakers implement to secure their grids, such as shifting generation mixes or pivoting back to nuclear power?

Bum Ki Son, Barclays’ senior regional economist covering South Korea and Taiwan, and Dave Dai, its head of APAC sustainable investing research, join John Lee on the Asia Centric podcast. They unpack the energy choke points threatening the region's tech dominance and explore the viable alternatives for sourcing power.

Manufacturing the world's most advanced semiconductors demands a massive, uninterrupted supply of electricity. In Taiwan, the technology sector alone accounts for a staggering one-quarter of the economy's total power consumption. However, the war in the Middle East is exposing deep vulnerabilities for both South Korea and Taiwan, as these vital chipmaking hubs rely heavily on oil, LNG and chemical gases flowing through the region.
If the conflict drags on, exactly how long can strategic energy reserves last in Seoul and Taipei? Could sudden power shortages during the high-demand summer peak season derail the global rollout of AI infrastructure? And what emergency measures can policymakers implement to secure their grids, such as shifting generation mixes or pivoting back to nuclear power?
Bum Ki Son, Barclays&rsquo; senior regional economist covering South Korea and Taiwan, and Dave Dai, its head of APAC sustainable investing research, join John Lee on the Asia Centric podcast. They unpack the energy choke points threatening the region's tech dominance and explore the viable alternatives for sourcing power.

Energy Threats Expose Korea and Taiwan Chip Hubs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/946bd646-0e05-4977-92e3-b418004bcc7e/transcript

KKR on 'Enormous' AI-Driven Data Center Demand

In 1 playlist(s)

Asia Centric by Bloomberg Intelligence

Social links

Follow podcast

Recent clips