Taiwan May export orders rise on robust AI demand; geopolitical risks seen

Share via:


Taiwan‘s export orders rose in May as demand for the island’s technology products – artificial intelligence in particular – surged, and companies frontloaded business to escape looming U.S. tariffs.

Export orders rose 18.5% year on year in May to $57.93 billion for a fourth consecutive monthly gain, the ministry of economic affairs said on Friday, in line with analysts’ expectations of an increase of 18.9%.

Orders for goods from Taiwan, home to the world’s largest contract chipmaker TSMC and other tech companies, are considered a bellwether of global…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Taiwan May export orders rise on robust AI demand; geopolitical risks seen


Taiwan‘s export orders rose in May as demand for the island’s technology products – artificial intelligence in particular – surged, and companies frontloaded business to escape looming U.S. tariffs.

Export orders rose 18.5% year on year in May to $57.93 billion for a fourth consecutive monthly gain, the ministry of economic affairs said on Friday, in line with analysts’ expectations of an increase of 18.9%.

Orders for goods from Taiwan, home to the world’s largest contract chipmaker TSMC and other tech companies, are considered a bellwether of global…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Uber, Ola cab operators suspend strike for three days

The Maharashtra Gig Kamgar Manch on Saturday suspended...

Apple exempt from Corning’s EU antitrust probe deal

The European Commission has concluded an antitrust investigation...

Dodla Dairy Acquires Osam Dairy for INR 271 Crs

Osam Dairy, one of Eastern India’s leading premium dairy...

Popular

Upcoming Events

IPTV Portugal iptvdfgdfs iptvdfgdfs iptvdfgdfs iptvdfgdfs dfsgs dfsgs iptv service iptv service
IPTV IPTV IPTV IPTV IPTV IPTV IPTV IPTV