Taiwan Chip Exports Plunge 21% as Device-Makers Clear Inventory

(Bloomberg) — Taiwan’s exports of integrated circuit chips dropped for a sixth consecutive month in June on slowing global demand.

Exports decreased 20.8% from a year earlier to a four-month low of $12.6 billion, according to data from Taiwan’s Ministry of Finance. The island is home to Apple Inc. and Nvidia Corp.’s go-to chipmaker, Taiwan Semiconductor Manufacturing Co. Ltd., along with a coterie of smaller but essential chip industry players. The annual decline was the largest since March 2009, partly amplified by a high base last June.