Taiwan's export orders in January, which had been forecasted pessimistically, increased by 1.9% year-on-year, driven by the artificial intelligence (AI) boom led by Nvidia. Taiwan is home to TSMC, a partner in Nvidia's AI semiconductor production.


According to Taiwan media including China Times on the 28th, Taiwan's Ministry of Economic Affairs Statistics Department announced on the 27th that January export orders amounted to $48.42 billion (approximately 2.04 trillion KRW), an increase of $910 million compared to the same month last year. This figure represents a 10.5% ($4.61 billion) increase from December last year ($43.81 billion).


The Ministry of Economic Affairs attributed this to strong demand for AI and high-performance computing (HPC), along with related industries stockpiling inventory ahead of the Lunar New Year.


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Among Taiwan's top five export order regions, export orders to the United States and Mainland China including Hong Kong reached $15.39 billion and $10.64 billion, respectively.


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