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Times of Oman
24-07-2025
- Business
- Times of Oman
Taiwan industrial output rises for 16th straight month in June
Taipei: Taiwan's industrial production rose 18.65 per cent year-on-year in June, marking the 16th straight month of growth on the back of strong global demand for artificial intelligence applications, the Ministry of Economic Affairs (MOEA) said Wednesday, reported Focus Taiwan. The industrial production index rose to 111.48 in June and the manufacturing sub-index to 112.11, both record highs for the month, with the latter, which accounts for over 90 per cent of total output, jumping 20.03 per cent year-on-year, MOEA data showed. In the first half of 2025, Taiwan's industrial production index rose 16.69 per cent year-on-year to 105.66. The manufacturing sub-index climbed 17.77 per cent from a year earlier to 106.32, the Focus Taiwan report said. Speaking to reporters, Huang Wei-jie, head of the MOEA's Department of Statistics, stated that Taiwan continues to benefit from strong demand for AI development, despite uncertainties surrounding U.S. tariff policies. Boosted by AI-related demand, production in the electronic components industry rose 22.38 per cent year-on-year, with its index hitting a record 117.31 for June, the MOEA said. The integrated circuit segment also posted a June high of 129.28, up 22.80 per cent, driven by increased 12-inch wafer output, according to the Focus Taiwan report. Driven by demand for AI and cloud services, the computer and optoelectronics industry saw production surge 81.95 per cent, with its index reaching 251.56, the MOEA said. The increase was fueled by strong shipments of servers, mobile camera lenses, semiconductor equipment and industrial computers, the MOEA added. However, Huang said growth in traditional industries remained uneven, with only the machinery sector posting a year-on-year increase in June, up 6.30 per cent, as semiconductor makers continued expanding production capacity. The base metal, chemical and fertilizer, and auto parts industries all underperformed the broader manufacturing sector in June, with year-on-year declines of 6.15 percent, 1.94 percent and 3.38 percent, respectively, according to the MOEA. While many manufacturers remained cautious about a possible reciprocal tariff from the United States as talks with Taipei continued, Huang said the sector is expected to receive an additional boost from booming AI demand in the second half of the year. Huang forecast that the manufacturing sub-index will grow by 19.5 to 23.7 per cent year-on-year in July, reaching between 114.18 and 118.18, the report added.
Times of Oman
25-05-2025
- Automotive
- Times of Oman
Taiwan's industrial production solidifies on strong AI demand
Taipei: Taiwan's industrial production registered a rise of more than 20 per cent as compared with the same month last year, marking the 14th consecutive month of year-on-year growth, as per Taiwan's Ministry of Economic Affairs (MOEA). The rise was attributed towards the strong global demand for the applications of artificial intelligence, as reported by Focus Taiwan on Friday. The Deputy Head of MOEA's Department of Statistics, Huang Wei-jie, said that demand for AI still served as a driver for industrial production growth. He further added that, the additional boost was provided by the Taiwanese manufacturers, as they rushed to place orders ahead of schedule, in order to take advantage of 90-day pause on reciprocal tariffs announced by the Donald Trump administration on April 9. The industrial production increased by 14.31 percent in the first four months of 2025, reaching 100.40, compared to the previous year. While, the overall industrial production gained 22.31 percent on yoy basis to hit a record high level of 107.51 in April. Specifically, Taiwan's local electronics component industry, in April, reported an increase of 36.48 per cent on a year-on-year basis, as the rising popularity of AI applications and high-performance computing devices lent support. On the other hand, according to MOEA, traditional industries experienced mixed demand, as base metal suppliers reported a 1.25 per cent year-on-year increase in production, owing to greater demand for nonferrous metals like target materials. Meanwhile, machinery manufacturers reported a 4.75 per cent increase, underpinned by continued demand for equipment from semiconductor firms." The base metal industry snapped a four month declining steak in April as the production for the non-iron metal rose in semiconductor production, Huang Wei-jie said. Additionally, the chemical and fertilizer industry decline by 5.87 per cent on year-on year basis, weighed down by falling production due rising price competition. The auto and auto parts sector also experienced a 2.15% year-on-year production decline due to a shortage of passenger car components. Moving forward, while global demand for emerging technologies is anticipated to bolster Taiwan's semiconductor and server production, MOEA official Huang cautioned that U.S. trade policies and ongoing geopolitical tensions could impede overall global economic expansion.
