Trade
Taiwan Exports, US Surplus Hit Records as AI Outweighs War
A silicon wafer displayed at the Semicon Taiwan exhibition show in Taipei.
Photographer: An Rong Xu/BloombergTaiwan’s exports jumped to an all-time high as rampant global demand for artificial intelligence chips eclipsed supply chain uncertainties unleashed by the US war against Iran.
Overseas shipments rose almost 62% in March versus a year earlier, far exceeding the 34.7% estimate in a Bloomberg survey of economists, according to the Ministry of Finance. The export total came in at $80.2 billion, marking a record single-month high.