Taiwan exports surge to record amid Huawei scramble for chips

//Taiwan exports surge to record amid Huawei scramble for chips

Taiwan exports surge to record amid Huawei scramble for chips

Taiwan’s exports rose to a record in August, aided by suppliers rushing to ship as many components as possible to Huawei Technologies before a US ban on sales to the company comes into effect next week.Overseas shipments from Taiwan increased 8.3 per cent last month to a record high of US$31.2 billion, according to a statement from Taiwan’s Ministry of Finance on Monday.That was more than even the most bullish estimate in a survey of 13 economists, which had a median forecast of a 0.8 per cent…

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By | 2020-09-07T11:37:13+00:00 September 7th, 2020|Technology|Comments Off on Taiwan exports surge to record amid Huawei scramble for chips