June Manufacturing Sector Indicator Shows More Growth
TIER said computer, electronics and optical products stayed in overheating territory as exports and production posted double-digit annual growth.
- Taiwan's manufacturing sector experienced rapid growth in June, with the Taiwan Institute of Economic Research reporting its business climate indicator remained in the "yellow-red" zone for a second consecutive month, driven by artificial intelligence infrastructure demand.
- The computer, electronics, and optical products sector stayed "red," indicating overheating in June, as demand for cloud services and artificial intelligence infrastructure pushed overseas orders and production indexes to double-digit growth rates.
- Yesterday, the benchmark TAIEX surged nearly 8 percent in its largest-ever points gain, as renewed confidence in artificial intelligence demand lifted heavyweight electronics shares following a broad rebound in global equities.
- Taiwan Semiconductor Manufacturing, MediaTek Inc, and ASE Technology Holding Co surged by the 10 percent daily limit, mirroring a global rally that saw South Korean equities like Samsung Electronics rise 27 percent.
- UOB Asset Management Taiwan noted the long-term outlook for equities remains constructive, though analysts warn that geopolitical uncertainties and inflation risks pose challenges despite tangible artificial intelligence infrastructure expansion ahead.
10 Articles
10 Articles
June manufacturing sector indicator shows more growth
Taiwan’s manufacturing sector continued to grow in June, with the Taiwan Institute of Economic Research (TIER, 台經院) yesterday saying that its business climate indicator stayed in the “yellow-red” zone for a second consecutive month.External orders and production indices remained at high levels in Ju
The 'boom' of artificial intelligence (AI) has boosted Taiwan's economic growth to levels not seen in decades, a boost that, however, Taiwan's gross domestic product increased by 12.92% year-on-year in the second quarter of the year, according to official figures released this Friday, after the advance of 14.55% of the first, the largest ... Continue reading "The Two Faces of the AI in Taiwan: Impulsed the Economy at Record Level, but Expanded t…
There is no global tech company around Taiwan's semiconductor industry. As a result, the Taiwanese economy is already growing for the 17th year in a row. Is the boom continuing?
Artificial intelligence has made Taiwan's economy one of the fastest growing - significantly exceeding the results expected by economists.
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