Taiwan Chip Exports to China Sputter on Tensions, Falling Demand
- Exports of IC chips to China and Hong Kong plunge 31.3% y/y
- US-China tensions have been mounting in recent months
This article is for subscribers only.
Taiwan’s exports of integrated circuit chips to China and Hong Kong fell for a fourth month in February as Washington-Beijing tensions simmer and demand for electronics continues to drop off.
Exports of IC chips — which are pivotal components of electronic appliances, computers and smartphones — to China and Hong Kong dropped 31.3% from a year earlier, according to data from Taiwan’s Ministry of Finance. It was the worst decline since 2009, topping January’s 27.1% fall.