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<ul class="wp-block-list news-points">
 <li>Taiwan’s exports saw a massive surge of 16.8% to reach $44 billion in August.</li>
 <li>The notable hike is driven by the growing demand for chips used in AI products.</li>
 <li>The value surpassed the predicted 7.35% rise in the Reuters poll and the 3.1% gain in July.</li>
</ul>
Taiwan’s exports surged to an all-time high of <a href="https://www.reuters.com/world/asia-pacific/taiwan-exports-hit-record-august-ai-us-reaches-record-again-2024-09-09/" target="_blank" rel="noopener noreferrer nofollow">$44 billion in August</a>, driven by robust demand for AI chips and hardware, offsetting weaker demand from China. The country’s exports to the U.S. more than doubled during the month.
According to the finance ministry, Taiwan’s exports rose by a remarkable 16.8%, far exceeding the predicted 7.35% increase in the Reuters poll and the 3.1% gain in July. This impressive August performance marks the tenth consecutive month of export growth.
The strong demand for AI products and hardware has played a pivotal role in Taiwan’s export growth. The category encompassing audiovisual, information, and computer products has been a key contributor to this expansion.
<a href="https://coinedition.com/binance-forms-artificial-superintelligence-alliance-cryptos-ai-powerhouse/" rel="noopener noreferrer nofollow">Read also: Binance Forms Artificial Superintelligence Alliance: Crypto’s AI Powerhouse?</a>
<h2 class="wp-block-heading" id="h-ministry-forecasts-continued-growth">Ministry Forecasts Continued Growth</h2>
The finance ministry expects a “gradual upward trajectory” in growth throughout th…
The post <a href="https://coinedition.com/taiwans-tech-exports-boom-driven-by-ai-and-u-s-demand/" rel="noopener noreferrer nofollow">Taiwan’s Tech Exports Boom, Driven by AI and U.S. Demand</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Taiwan’s Tech Exports Boom, Driven by AI and U.S. Demand

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