Export orders last month expanded 25.1 percent year-on-year to US$69.37 billion, the ninth straight month of double-digit percentage growth and the second-highest for a single month, driven by strong demand in the artificial intelligence (AI), high-performance computing and cloud service industries, the Ministry of Economic Affairs said yesterday.
Last month’s export orders — an indicator of product and component shipments to overseas markets over the following one to three months — decreased 1.2 percent from the previous month, but were still within the ministry’s estimate of US$68.6 billion to US$70.6 billion.
In the first 10 months of the year, export orders grew 22.6 percent to US$593.74 billion, the largest for the period, the ministry said.
Photo: CNA
Export orders this month are projected to reach US$66.7 billion to US$68.7 billion, or a year-on-year increase of 27.6 percent to 31.4 percent, it said.
Order momentum is expected to remain strong through the end of this year, supported by robust demand for information and communications technology products, and electronic components, Department of Statistics Director-General Huang Wei-jie (黃偉傑) said.
Export orders for the whole year could hit a new high, surpassing US$674.1 billion in 2021, if orders this month and next month average US$40.2 billion — a scenario that is highly possible, Huang said.
It is also highly likely that the annual total could exceed US$700 billion if orders this month and next month average US$53.2 billion, he added.
Ministry data showed export orders for electronic components last month surged 35.9 percent year-on-year, as AI and emerging technologies continued to drive demand for chip production, design and packaging services, while orders for information and communications technology products rose 28.4 percent on the back of strong momentum in server and Internet communications businesses.
Machinery orders were also 16 percent higher than a year earlier, driven by increased demand for semiconductor production equipment, the ministry said.
Weakness persisted in some traditional industries, with export orders for plastic and rubber products falling by 9.8 percent, base metals dropping by 10 percent due to US tariffs and oversupply from China, the ministry added.
Chemical product orders rebounded, rising 4.4 percent, it said.
GROWING OWINGS: While Luxembourg and China swapped the top three spots, the US continued to be the largest exposure for Taiwan for the 41st consecutive quarter The US remained the largest debtor nation to Taiwan’s banking sector for the 41st consecutive quarter at the end of September, after local banks’ exposure to the US market rose more than 2 percent from three months earlier, the central bank said. Exposure to the US increased to US$198.896 billion, up US$4.026 billion, or 2.07 percent, from US$194.87 billion in the previous quarter, data released by the central bank showed on Friday. Of the increase, about US$1.4 billion came from banks’ investments in securitized products and interbank loans in the US, while another US$2.6 billion stemmed from trust assets, including mutual funds,
AI TALENT: No financial details were released about the deal, in which top Groq executives, including its CEO, would join Nvidia to help advance the technology Nvidia Corp has agreed to a licensing deal with artificial intelligence (AI) start-up Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and is to integrate its chip design into future products. Some of the start-up’s executives are leaving to join Nvidia to help with that effort, the companies said. Groq would continue as an independent company with a new chief executive, it said on Wednesday in a post on its Web
JOINT EFFORTS: MediaTek would partner with Denso to develop custom chips to support the car-part specialist company’s driver-assist systems in an expanding market MediaTek Inc (聯發科), the world’s largest mobile phone chip designer, yesterday said it is working closely with Japan’s Denso Corp to build a custom automotive system-on-chip (SoC) solution tailored for advanced driver-assistance systems and cockpit systems, adding another customer to its new application-specific IC (ASIC) business. This effort merges Denso’s automotive-grade safety expertise and deep vehicle integration with MediaTek’s technologies cultivated through the development of Media- Tek’s Dimensity AX, leveraging efficient, high-performance SoCs and artificial intelligence (AI) capabilities to offer a scalable, production-ready platform for next-generation driver assistance, the company said in a statement yesterday. “Through this collaboration, we are bringing two
Even as the US is embarked on a bitter rivalry with China over the deployment of artificial intelligence (AI), Chinese technology is quietly making inroads into the US market. Despite considerable geopolitical tensions, Chinese open-source AI models are winning over a growing number of programmers and companies in the US. These are different from the closed generative AI models that have become household names — ChatGPT-maker OpenAI or Google’s Gemini — whose inner workings are fiercely protected. In contrast, “open” models offered by many Chinese rivals, from Alibaba (阿里巴巴) to DeepSeek (深度求索), allow programmers to customize parts of the software to suit their
RSS