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Taiwan's export orders exceeded expectations in July, rising 4.8% year-on-year to $50.03 billion. This growth is largely attributed to the increasing demand for chips used in artificial intelligence applications. The Ministry of Economic Affairs anticipates this positive trend to continue into August, driven by robust demand for high-speed computing and new consumer electronics.
Telecommunication products saw an impressive 11.0% increase in orders, while electronic products also contributed with a 2.2% rise. Orders from the United States surged by 14.3%, indicating strong global technology demand. The overall outlook remains optimistic, with expectations of further growth in export orders for the upcoming month.
• Taiwan's export orders rose due to AI chip demand.
• Orders from the U.S. increased significantly, reflecting global tech demand.
The article highlights the rising demand for chips specifically designed for AI applications.
The demand for high-speed computing is a key driver behind the increase in Taiwan's export orders.
The article emphasizes the importance of these chips in supporting AI applications and consumer electronics.
TSMC's role is crucial in producing chips that power AI technologies, contributing significantly to Taiwan's export growth.
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