Taiwan Extends Two-Year Rise in U.S. Chip Exports Despite Downturn

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An image of a semiconductor wafer at the Taiwan Semiconductor Manufacturing Co. Museum of Innovation in Hsinchu, Taiwan, in April. Photo: Bloomberg

(Bloomberg) — Taiwan’s exports of chips to the U.S. rose for a 26th consecutive month in May, defying a downturn in the global semiconductor market.

U.S. purchases of Taiwanese semiconductors increased 9% from a year earlier that month, while shipments to the Chinese mainland and Hong Kong dropped 14.3%, according to figures from the Ministry of Finance in Taipei. That’s despite an 8% slide in overall exports of chips from Taiwan, widening from the previous month’s drop of 7.1%.