Taiwan’s Chip Exports to the US Continues to Grow for 26 Consecutive Months
May statistics from Taiwanese official authorities reveal that semiconductor exports from Taiwan to the United States have been growing for 26 consecutive months. This upward trajectory contrasts the prevailing trends of diminished chip demand due to overproduction and economic slowdown. Additionally, it also contradicts the US’s aspirations to decrease its reliance on Taiwan in this sector.
Bloomberg, referencing data from Taiwan’s Ministry of Finance, highlights that the year-on-year comparison indicates a 9% growth in the US’s procurement of semiconductor components from Taiwan as of May. On the other hand, shipments to China and Hong Kong fell by 14.3%. The total export of chips from Taiwan decreased by 8% in May, with the reduction in April not surpassing 7.1%.
Discussing the export of chip manufacturing equipment, shipments from Taiwan to the US increased by 59.3%, while China and Hong Kong received 44.2% less compared to the previous year. This essentially points to the US clients’ intentions to strengthen local chip production. Meanwhile, the Chinese market is continuously hampered by US sanctions, even when it involves equipment supplies from third-party countries.
However, despite these factors, China remains the primary buyer of chips from Taiwan. In May, China’s share in Taiwan’s profile export structure grew a few percentage points to 54%. China purchases 12 times more integrated circuits from Taiwan than the US, and more than a third in terms of chip manufacturing equipment.
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- I'm Martin Harris, a tech writer with extensive experience, contributing to global publications. Trained in Computer Science, I merged my technical know-how with writing, becoming a technology journalist. I've covered diverse topics like AI and consumer electronics, contributing to top tech platforms. I participate in tech events for knowledge updating. Besides writing, I enjoy reading, photography, and aim to clarify technology's complexities to readers.
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