Taiwan Extends Two-Year Rise in US Chip Exports Despite Downturn
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Taiwan’s exports of chips to the US rose for a 26th consecutive month in May, defying a downturn in the global semiconductor market.
US purchases of Taiwanese semiconductors increased 9% from a year earlier that month, while shipments to China and Hong Kong dropped 14.3%, according to figures from the Ministry of Finance in Taipei. That’s despite an 8% slide in overall exports of chips from Taiwan, widening from the previous month’s drop of 7.1%.