Taiwan's exports rose in February for the eighth month in a row, slightly slower than expected but benefiting from continued strong demand for chips to power technology for the work-from-home COVID-19 pandemic boom.
By Reuters Staff
2 Min Read
TAIPEI (Reuters) - Taiwan chipmakers are buying water by the truckload for some of their foundries as the island widens restrictions on water supply amid a drought that could exacerbate a chip supply crunch for the global auto industry.
FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, January 19, 2021. REUTERS/Ann Wang/File Photo
Some auto makers have already been forced to trim production, and Taiwan had received requests for help to bridge the shortage of auto chips from countries including the United States and Germany.
Read more about Apple-supplier Foxconn flags strong start to year as lockdowns spur demand on Business Standard. The firm said it expects first-quarter revenue to rise more than 15% from a year earlier
Apple supplier Foxconn said it expects first-quarter revenue to rise more than 15% from a year earlier, boosted by strong iPhone sales and robust demand for electronics during lockdowns worldwide to curb the COVID-19 pandemic.
Apple-supplier Foxconn flags strong start to year as lockdowns spur electronics demand channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.