2023-06-20 09:45:40
Taiwan’s export orders fell for the ninth straight month in May, but better than expected. As demand grows from interest in artificial intelligence (AI) technology and other high-performance computing products.
Taiwan’s Ministry of Economy said on Tuesday (June 20) that Taiwan’s total export orders A key factor in global demand for technology, it fell 17.6 percent from a year ago to US$45.68 billion.
The 17.6 percent drop was less than analysts’ forecast of a 20.0 percent Archyde.com poll in May and an 18.1 percent drop in April.
The Ministry of Economy warns that With constant high inflation higher interest rates and the Russian-Ukrainian war that affected the world may hinder future economic growth.
Telecommunications orders fell 9.5% and electronics orders fell 16.6% from a year earlier.
Taiwanese companies such as Taiwan Semiconductor Manufacturing Co (TSMC) is a major supplier to Apple Inc, Nvidia and many other global technology companies.
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