Taiwanese chip exports jumped 18.4 percent last year as US sanctions crushed Chinese imports.

Something small: It is no secret that Taiwan’s importance in the global technology industry cannot be underestimated, but at a time of global economic slowdown, collapsing consumer demand, and more US sanctions against China’s chip industry, did the island country suffer last year? not at all. Taiwan’s semiconductor exports rose for the seventh year in a row throughout 2022. Meanwhile, China saw its imports collapse by 15% over the same period.

according bloombergTaiwan’s Ministry of Finance announced that its exports of IC chips rose 18.4% from the previous year, continuing the unbroken trend since 2016. The figures also marked the third consecutive year of double-digit growth.

US moves to reduce its dependence on Taiwanese chip exports have become increasingly important of late as China makes more threats toward the island it claims as its own. In July, Commerce Secretary Gina Raimondo warned that the United States would face an “immediate and deep recession” if it was cut off from Taiwan’s chip industry. Passing the chip law was an important step towards greater self-sufficiency – the EU is looking forward to passing it private law.

It will be some time before Taiwan’s importance in the semiconductor world wanes, especially as its government offers tax breaks and other incentives to companies like TSMC to invest in new facilities in its home country. The chip giant is building fab out of Taiwan, incl United Statea lot to harassment from China.

Speaking of China, the Asian country’s imports of semiconductors fell 15% during 2022, dropping from 635.6 billion units in 2021 to 538.4 billion units in 2022. Its imports of chip making machinery also fell, to their lowest level since mid-2020. The year 2020., as a result of the constant pulling Penalties Imposed by the US and China’s strict Covid-zero policy, which it recently abandoned despite the threat of adding more disruption to the industry.

It’s not all good news for Taiwan’s semiconductor exports. TSMC recently miss The quarterly revenue forecast for the first time in two years is projecting modest revenue He refuses In the first half of 2023, as a result of waning consumer demand that has led to the emergence of customers such as Nvidia and AMD slash commands.

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