The production value of Taiwanese manufacturers hit a new record quarter, reaching NT$4.19 trillion (US$150.47 billion) last quarter, up 29.68 percent, amid steady and growing demand in technology and traditional sectors, Ministry of Economic Affairs (MOEA) data released yesterday said.
“As the global economy rebounds and international commodity prices remain high, Taiwanese manufacturers had a record quarter of sales,” Department of Statistics Deputy Director-General Huang Wei-jie (黃偉傑) said. “This is a record for single-quarter sales and markes four continuous quarters for growth.”
The traditional sector led the growth, with strong downstream demand and high international prices pushing up revenue, the ministry said.
Basic metals grew by 78.91 percent, chemical materials grew by 66.87 percent and petrochemical products grew by 48.92 percent year-on-year. Mechanical equipment rose on demand from semiconductor and 5G demand, with industrial output rising 27.36 percent.
Meanwhile, consumers who had put off car purchases during the a local COVID-19 outbreak poured began to buy, causing the auto and parts market to increase by 15.04 percent year-on-year.
“The pent-up demand has boosted the domestic auto market, in addition to the rise in the US and European auto markets,” Huang said.
The information communication technology sector saw electronic components hit an all-time high last quarter, with production value up 21 percent year-on-year. Semiconductors continue to be in strong demand for 5G, AIoT and automotive applications, growing by 19.71 percent to NT$545.7 billion to another record quarter.
The ministry anticipates continued growth for the current quarter, Huang said.
“We are still under the influence of COVID-19, especially with the uncertainty of new variants and the possibility that the virus could spike again in the winter, and the dual-control policy in China is another source of uncertainty,” Huang said. “However, we expect steady growth for the global economy.”
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. However, while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs. Chinese content creators who portray themselves as workers or subcontractors in the luxury goods business claim that Beijing has lifted confidentiality clauses on local subcontractors as a way to respond to the huge hike in customs duties imposed on China by US President Donald Trump. They say this Chinese decision, of which Agence
RSS