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…
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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).