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Taiwan's export orders in August rose 9.1% year-on-year, reaching $50.22 billion, surpassing forecasts. This growth is largely attributed to the increasing demand for chips used in artificial intelligence applications. The Ministry of Economic Affairs anticipates this momentum to continue throughout the year as new AI technologies and consumer electronics are introduced.
The rise in export orders reflects a robust global technology demand, particularly in AI and high-computing sectors. Notably, orders for telecommunication products surged by 16%, while electronic products saw a 13.2% increase. The ministry projects further growth in September, indicating a strong outlook for Taiwan's tech industry.
• Taiwan's export orders driven by AI chip demand exceeded expectations.
• Strong growth in telecommunication and electronic product orders reflects AI influence.
AI is driving demand for advanced chips, significantly impacting Taiwan's export orders.
This sector's growth is closely linked to the rising demand for AI applications.
The introduction of new consumer electronics is expected to boost export orders in the second half of the year.
TSMC plays a crucial role in supplying chips for AI applications, significantly influencing Taiwan's export performance.
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