Global semiconductor demand, which is fueled by 5G technology and high-performance computing, has shown few signs of abating, as Taiwan’s high pace continues to meet its export demands for the fifth month in a row.
Taiwan’s Ministry of Economic Affairs said on Tuesday that export orders grew 33.3 percent to $ 53.7 billion in March. Economists expected an increase of 34.9% in a Bloomberg survey. March data set a record high for the month. Officials see strong growth continuing for the sixth month, as the ministry expects an increase in orders of between 29.8% and 33.7% in April.
The ministry said in a statement, that the demand from end-users is returning as the global epidemic begins to recede. Components needed for remote devices, 5G equipment, high-performance computing and vehicles have driven demand growth.
Taiwan Semiconductor Corporation, the largest company in Taiwan, warned last week that the global shortage of chips necessary for the automotive and consumer electronics industry could extend to 2022, which means that the company and its peers are likely to witness a slight decline in demand in the coming months.