Taiwan August export orders hit record on AI demand

Taiwan August export orders rose 71.4 percent year over year to a record 103 billion dollars. The surge was driven by robust global demand for artificial intelligence chips and technology applications.

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Containers are seen stacked up at the Port of Taipei in northern Taiwan April 7, 2009. REUTERS/Pichi Chuang

Taiwan export orders rose 71.4% to a record $103.0 billion in August, topping the $100 billion threshold for the first time. The ministry of economic affairs reported the milestone on Tuesday, beating expectations of a 63.6% gain.

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