drone pilot industryTaiwan’s Sept exports leap on chips, strong outlook seen, Auto News, ET Auto

October 8, 2021by helo-10

Electronics exports hit a record high in September at $16.58 billion, with semiconductor exports growing 27.6% from a year earlier.

Taiwan’s exports rose for a 15th straight month in September, with the stronger-than-expected pace setting a new record, as the island’s manufacturers faced sustained demand amid a global shortage of computer chips and for consumer electronics.

Exports in September were the highest monthly figure on record, rising 29.2% from a year earlier to $39.65 billion, the Ministry of Finance said on Friday.

Analysts in a Reuters poll had forecast a rise of 25% for September, compared with a 26.9% increase in August.

The ministry attributed the growth to robust demand and rising prices for chips, a shortage of which has crippled car plants globally and is affecting consumer electronics, and the gradual post-pandemic economic bounce back around the world.

Electronics exports hit a record high in September at $16.58 billion, with semiconductor exports growing 27.6% from a year earlier.

Firms such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC) are major suppliers to Apple Inc and other global tech giants, as well as providers of chips for auto companies and lower-end consumer electronics.

The ministry warned of risks ahead, including uncertainty over the COVID-19 pandemic and the effect of power cuts in China on supply chains. But it said the outlook for the fourth quarter was good, with new consumer electronics hitting the market and the year-end holiday season, traditionally a busy time for Taiwan’s tech firms, helping exports.

September exports to China, Taiwan’s largest trading partner, grew an annual 23.1% to $17.49 billion, while exports to the United States jumped 34% on year.

Imports leapt 40.4%, slightly under economists’ expectations for a 41.2% rise and an increase of 46.3% in August. Taiwan could see October exports increase in the range of 21% to 25% compared with a year earlier, the ministry added. China will release its trade data on Oct. 13.

Also read:

The firm announced that its retail-of-the-future set-up, where the company would handle all sales directly, with its dealers handling only deliveries and services, will be rolled out fully in the ongoing month. Schwenk said all of its franchise partners were supporting the company in the new set-up.

Seasonally adjusted exports from Germany’s largest economy slipped month-on-month to 113 billion euros ($130 billion), a 1.2% decline, compared to the 0.5% increase economists had expected.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

There is more to being a drone pilot than just buying a machine and flying in your backyard. It can be that simple, but most of us will need to understand some drone laws before we try to take to the sky.


[contact-form-7 id=”300″ title=”Subscribe form”]
Objectively innovate empowered manufactured products whereas parallel platforms.