Taiwan Sees Industrial Production Surge by 14.4% in August Amid AI Chip Demand
Taiwan experienced a significant uptick in industrial production in August, with a 14.4% year-on-year increase driven largely by the escalating demand for AI and high-performance computing chips.
In a testament to the burgeoning demand for artificial intelligence and high-performance computing components, Taiwan's industrial production enjoyed a remarkable 14.4% increase year-on-year in August, according to the figures published by the Ministry of Economic Affairs. This growth propelled the production index to an unprecedented level of 117.4, marking a historical high for the month.
A deeper dive into the data reveals that the manufacturing subindex, which constitutes a significant majority, over 90%, of Taiwan's total production, surged by 15.5%, reaching an index of [...]
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