Taiwan Chip Exports to China Continue to Decline
Taiwan chip exports to China and Hong Kong decreased for a fourth consecutive month in February and fell 31.3% compared with the same period last year, the worst decline since 2009, Bloomberg reported March 19. The report said China’s market…
share of Taiwanese integrated circuit exports dropped to the lowest level since February 2019, and Taiwan’s global chip exports also decreased 17.3% in February compared with the same period a year ago. Exports to the U.S., however, increased 22.3%. The U.S. recently introduced a new set of export controls on semiconductor-related items and activities destined for or involving China (see 2210070049).