Reported 11 months ago
The Ministry of Economic Affairs in Taiwan reported that the industrial production index for May reached 98.2, with a year-on-year increase of 16.6%, marking the third straight monthly increase and the largest growth rate in 34 months. The growth is mainly driven by sectors such as AI and semiconductors, with other sectors waiting for stable orders to achieve full recovery. While the momentum is expected to continue into July, sustained double-digit growth in the second half of the year relies on stronger demand. Industries such as information electronics have been thriving due to services like AI, high-speed computing, and cloud data, leading to significant growth in the sector.
Source: YAHOO