AI demand lifts Taiwan exports to historic high

Taiwan’s exports rose significantly more than expected in March, driven by sustained demand for AI applications and other technology products, according to data released by the finance ministry on Friday. Exports increased 61.8% year-on-year to $80.18 billion, marking the first time the figure has exceeded the $80 billion threshold. The sharp rise compares with a 20.6% increase recorded in February and surpasses market expectations of a 33.2% gain, based on a Reuters poll. The latest figures also extend Taiwan’s streak of year-on-year export growth to 29 consecutive months. Strong demand for AI and cloud supports growth. The finance ministry attributed the robust performance to continued strength in AI and cloud-related business demand. This segment has been a key driver of...