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Taiwan says exports hit record in September on AI demand

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Taiwan says exports hit record in September on AI demand

Business News Tech AI Taiwan says exports hit record in September on AI demand

The island is a powerhouse in the semiconductor sector, producing more than 90 percent of the world's most advanced chips used to train and power AI systems.

Taiwan's exports hit a record high of $87.2 billion in September, the government said Thursday, thanks to skyrocketing global demand for artificial intelligence hardware. The island is a powerhouse in the semiconductor sector, producing more than 90 percent of the world's most advanced chips used to train and power AI systems. The 60.9 percent year-on-year increase in exports was the 35th straight month of growth, the finance ministry said in a statement.

6 billion -- both also record highs, the ministry said. 9 percent in the second quarter. The stock market has also soared around 70 percent since the start of the year. Pantheon Macroeconomics Asia economist Meekita Gupta attributed the surprisingly strong growth to a "resurgence in AI servers". 0 percent," Gupta said in a note. " Taiwan is home to hardware production giants TSMC , which turns Nvidia's cutting-edge designs into silicon components, and Foxconn, which assembles the processors to make data centre servers. While changes in global trade policies and geopolitical developments added "uncertainty" to the economy, the finance ministry said Taiwan's export growth trajectory is expected to continue for the rest of the year. "As AI applications continue to deepen, international cloud service providers and various countries are accelerating investment in AI infrastructure, boosting demand across related supply chains such as semiconductors and servers," the statement said.


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