Taiwan August export orders hit record high value on AI demand
Taiwan's export orders rose 71.4% year-on-year to a record $103.0 billion in August, marking the first time they exceeded $100 billion in a single month. This surge was driven by strong demand for AI and high-performance computing applications, reflecting Taiwan's dominant role in the global AI chip and technology supply chain.
(Recasts, adds more from economy ministry statement) By Faith Hung and Roger Tung TAIPEI, Sept 22 (Reuters) — Taiwan export orders rose more than expected to a record monthly value in August, exceeding $100 billion for the first time, as the wave of AI demand continued to surge for the world's dominant supplier of AI chips and technology. 0 billion, the Ministry of Economic Affairs said on Tuesday. 6%. It was also its 19th straight monthly gain.
9% from a year earlier. Orders for goods from Taiwan, home of the world's largest contract chipmaker TSMC and other tech companies, are considered a bellwether of global technology demand. The solid gain in August came because of rapid demand increase for AI, high-performance computing and cloud services applications. 1 trillion.
Uncertainties including geopolitical risks and trade policies would continue to weigh on global economic growth. But stable growth momentum for orders would be supported by Taiwan's core position in the semiconductors and server supply chain. 9%. 2% expansion in July.
9%, the same clip as the previous month. 1%. com;)