Taiwan Tech Exports Decline Due to Global Economic Slowdown Despite AI Chip Demand

Despite demand for advanced AI chips, Taiwan logged 13th straight monthly decline in export orders in September due to economic woes elsewhere.

End of pandemic-fueled electronics boom left Taiwanese tech firms with excess inventory in late 2022/early 2023.

Tighter monetary policies worldwide to curb inflation will slow economic growth, per IMF and other forecasts.

Europe pulled back most sharply, by 46.5%, on orders from Taiwan in September 2022 vs 2021.

But Taiwan's actual exports rose 3.4% in September, indicating turnaround due to semiconductor demand linked to AI.