TAIPEI : Taiwan's export orders unexpectedly fell in July on weakening demand for technology and continued economic troubles in its largest market China, and the government said the outlook for tech demand was mixed though not totally negative.Export orders, a bellwether for global technology demand, las
TAIPEI : Taiwan's export orders unexpectedly fell in July on weakening demand for technology and continued economic troubles in its largest market China, and the government said the outlook for tech demand was mixed though not totally negative.
Orders for telecommunications products in July slipped 0.8 per cent on a year before on weaker end-consumer demand, but also off a high base from last year, the ministry said. The ministry said it expected August export orders to be between 0.9 per cent and 3.7 per cent lower than those of August 2021.
Woods Chen, head of macroeconomics at Yuanta Securities Investment Consulting in Taipei, said export orders would likely register more falls as the year progressed.Taiwanese companies such as Taiwan Semiconductor Manufacturing Co Ltd are major suppliers to Apple Inc, Qualcomm Inc and other global tech firms.
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