STSM

Taiwan’s July export orders rose 61.9% year-on-year to a fresh record high US$97.94 billion and beating the expected 52.7% increase, media report. The US led all others with orders up 88.9% to $40.79B, the fastest pace of growth ever. Orders for IT/communications products, including servers & networking gear, rose 89.5% to $33.27B on strong AI and cloud service demand, while Electronics Products, including semiconductors and chip manufacturing services, rose 71.7% to $41.32 billion. In August, officials see export orders nearing $100B, up 61.4% - 64.8%. $Taiwan Semiconductor(TSM.US) $United Microelectronics(UMC.US) $Advanced Semiconductor Engineering(ASX.US) #Foxconn #Quanta #Wistron

Source: Dan Nystedt