Skip to main content

Market Overview

Taiwan's Export Surge From Global Semiconductor Chip Demand: Bloomberg

Share:
Taiwan's Export Surge From Global Semiconductor Chip Demand: Bloomberg
  • The 5G and high-performance computing led global semiconductor demand spike, supported by the easing pandemic translated into Taiwan’s fifth consecutive double-digit monthly export order growth, Bloomberg reports.
  • Taiwan’s export orders rose 33.3% to $53.7 billion in March, missing Bloomberg’s 34.9% growth estimate. Higher demand for components for the remote-working device, 5G equipment, high-performance computing, and vehicles drove the growth.
  • The growth trajectory is estimated to roll forward to the sixth month, with growth estimates between 29.8% and 33.7% in April.
  • The National Development Council insinuated towards a booming Taiwan economy based on exports, share prices, and money supply projections reaching an all-time high since 1989, resurging from two years of uncertainty from the U.S.-China trade war and the global pandemic.
  • Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) warned last week regarding a global semiconductor chip crisis extension in sectors ranging from automaking to consumer electronics to 2022.
  • TSM raised its sales guidance to 20% for the second quarter. However, the growth could be partially offset by a possible export headwind from a stronger local currency.
  • The Taiwan dollar posted its major two-day jump this year after a recent U.S. Treasury report labeling the Taiwan dollar as undervalued.
  • The Taiwan ministry assured their support to companies catering to traditional industries to better weather the stronger currency.
  • Price action: TSM shares traded lower by 0.13% at $115.25 on the last check Tuesday.
 

Related Articles (TSM)

View Comments and Join the Discussion!

Posted-In: Bloomberg Briefs semiconductorsNews Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com