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Global Chip Rush Drives Taiwan’s Export Orders to Record
Bloomberg 3 hrs ago Raymond Wu and Samson Ellis
(Bloomberg) Global demand for semiconductors, fueled by 5G and high-performance computing, showed little sign of easing off as Taiwan’s searing pace of export orders continued for a fifth straight month.
Export orders grew 33.3% to $53.7 billion in March, Taiwan’s Ministry of Economic Affairs said on Tuesday. Economists had forecast an increase of 34.9% in a Bloomberg survey. The data for March set a record high for the month.
Officials see the strong growth continuing for a sixth month, with the ministry predicting orders will increase by between 29.8% and 33.7% in April.
Global Chip Rush Drives Taiwan’s Export Orders to Record
Bloomberg 1 hr ago Raymond Wu and Samson Ellis
(Bloomberg) Global demand for semiconductors, fueled by 5G and high-performance computing, showed little sign of easing off as Taiwan’s searing pace of export orders continued for a fifth straight month.
Export orders grew 33.3% to $53.7 billion in March, Taiwan’s Ministry of Economic Affairs said on Tuesday. Economists had forecast an increase of 34.9% in a Bloomberg survey. The data for March set a record high for the month.
Officials see the strong growth continuing for a sixth month, with the ministry predicting orders will increase by between 29.8% and 33.7% in April.
The logo of Nvidia Corporation during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017
(Tyrone Siu/Reuters)
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: the U.K. announces a national-security review of Arms Holdings acquisition, Taiwan’s exports balloon thanks to semiconductor shortage, a hedge-fund behemoth warns of a SPAC bubble, and Biden’s $50 billion semiconductor subsidy. To sign up for the Capital Note, follow this link.
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The ongoing semiconductor shortage has put the strategic importance of computer chips front and center in international politics. The Biden administration allocated $50 billion of its infrastructure proposal to domestic chip manufacturing, shortly after Intel announced plans to build two new fabricating plants in Arizona. Meanwhile, China has spent the past year beefing up its manufacturing capabilities after the U.S. placed export co
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