Taiwan’s export orders in February shrank for a sixth straight month, though at a slower pace, dragged down by China and as global demand continued to be squeezed by inflation and interest rate hikes. | Reuters
Orders for telecoms products dropped 20.3 percent and electronic products fell 21.9 percent from a year earlier, it said.
However, that would be offset by demand for emerging technologies such as high-performance computing, artificial intelligence, cloud data centers and automotive electronics, it added. Taiwan’s February orders from China were 35.5 percent lower than a year earlier, versus a 45.9- percent drop in January.
The ministry added that it expected export orders this month to fall by 20.2 percent to 23.4 percent from a year earlier.Taiwanese firms, such as Taiwan Semiconductor Manufacturing Co Ltd, are major suppliers to Apple Inc, Qualcomm Inc and other global tech companies.
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