What growth?: Taiwan's traditional manufacturers miss out on export boom
Taiwan's economy experienced significant growth due to soaring exports of AI hardware and semiconductors, yet traditional manufacturers faced challenges from US tariffs and a strong local currency. While the ICT sector thrived, companies in machinery and other traditional sectors reported declines in exports, with some down by 30%. Despite a recent trade deal reducing tariffs, many manufacturers struggle to absorb costs, leading to layoffs and reduced hours. Experts express concern over Taiwan's reliance on the semiconductor industry and the potential economic risks if the sector falters.
Yahoo Finance·
