Export orders rose 26.61 percent last month to a record US$19.5 billion from a year ago as the nation sold more electronic goods and mobile phones, the Ministry of Economic Affairs said.
The pace in the growth of orders, indicative of shipments over one to three months, accelerated from a 26 percent increase in August.
The previous record was set in July, when orders reached US$18.54 billion.
For the first nine months, export orders totaled US$155.29 billion, up 26.26 percent from a year earlier, the ministry said.
Industrial output last month expanded 8.12 percent, a slowdown compared to a revised 8.62 percent increase in August, the ministry added.
Growth in export orders may remain high in the fourth quarter because of demand for electronic goods and telecommunications products, said Chang Yaw-tzong (張耀聰), the ministry's top statistician.
July through October is typically the best period of the year for electronics parts makers because Western companies usually stock up ahead of Christmas and back-to-school sales.
Chang said export orders probably reached their high for the year last month.
"The chances are not high that October's export orders will exceed September's, because export orders usually reach the highest level in September," Chang said.
Orders from the US, the world's largest economy, rose 29 percent to US$5.64 billion last month. The US is Taiwan's biggest export market after China.
Orders from Hong Kong rose 24 percent last month to US$4.32 billion, the ministry said.
Orders from Europe increased 29 percent to US$3.18 billion, and sales to Japan gained 17.6 percent to US$1.99 billion.
Overseas orders for electronic goods rose 32.73 percent to US$4.42 billion and those for telecommunications equipment increased 15.05 percent to US$3.82 billion.
Still, Taiwan's pace of export growth may not be sustained, according to the government, which last month cited oil prices and US interest rate increases.
"High oil prices and further interest rate increases may drag the global economy's pace of growth," Chang said. "Growth in industrial production in the fourth quarter will slow from the third quarter."
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more
NEXT GENERATION: The new 3-nanometer chip has 28 percent more transistors and offers up to 80 percent faster language model performance than its predecessor MediaTek Inc (聯發科) on Wednesday launched a new flagship smartphone chip, Dimensity 9400, made with Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) enhanced 3-nanometer technology, aiming to bring more artificial intelligence (AI) applications to edge devices like phones. The Dimensity 9400 is the second smartphone chip using TSMC’s second-generation 3-nanometer technology, after Apple Inc’s A18 Pro chip for the new iPhone 16 series. The new mobile chip has 28 percent more transistors, offers up to 80 percent faster large language model performance and is up to 35 percent more power-efficient than its predecessor, Dimensity 9300, MediaTek said. Chinese smartphone makers Xiaomi Corp (小米),
RSS