AI Boom Powers Taiwan's Tech Giants To New Revenue Heights in June
Jul 12, 2024
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- Taiwan's leading chip and tech equipment suppliers experienced robust performance in June, driven by the surge in artificial intelligence (AI) server sales and a recovery in computer demand following the pandemic-induced decline.
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- According to data, the aggregate sales of the top 19 tech businesses in Taiwan was NT.24 trillion (US.2 billion) in June, up 13.5% from the previous year and the fourth straight month of growth.
- Asus reported a 21.5% increase in sales, surpassing figures from June 2020, 2021, and 2022, when pandemic restrictions had fueled demand. The business witnessed great sales of AI servers, a market it views as expanding, and unveiled new PCs with improved AI capabilities.
- Among the four major contract manufacturers, Compal Electronics, which focuses on computers, saw its sales rise by 1.3%, marking the first year-over-year increase in five months.
- The manufacturer of PCs and servers, Guangda PCs, had a 23.4% increase in sales.The company stated that as the scarcity of necessary parts, such as graphics processing units (GPUs), gradually lessened, sales of their AI servers had surged.
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- Apple's iPhone assembler, Foxconn (Hon Hai Precision Industry), recorded a 16.1% increase in sales, with growth in servers and computers offsetting a decline in smartphone-related sales. Conversely, another iPhone manufacturer, Pegatron, saw its sales drop by 14.2%.
- In the semiconductor sector, TSMC's sales soared by 32.9%, driven by advanced AI server chips, despite a slow recovery in traditional semiconductors. UMC's revenue fell by 7.9%.
- Chip designer MediaTek reported a 12.8% increase in sales, while chip testing service provider ASE Technology Holding saw a modest 0.4% rise, indicating further recovery in performance.
Summary
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- These astounding figures demonstrate how much artificial intelligence and the need for computers have affected Taiwan's technology sector. It also takes into account the rapidly shifting market trends and expansion prospects. The steady expansion of sectors linked to artificial intelligence and the gradual resurgence of conventional components point to a bright future for Taiwan's technology sector.
- At XRS Company, we are constantly keeping pace with technological advancements. We offer a wide range of competitively priced Taiwan-made chips, resistors, and capacitors. Kindly get in touch with us for additional details if this piques your interest.
