IPhone boost for econ­omy

Weekend Post (South Africa) - - WORLD -

THE seem­ingly in­sa­tiable global de­mand for smart­phones and other high-tech prod­ucts gave Tai­wan's econ­omy a wel­come boost in the Jan­uary to March pe­riod.

The is­land is home to sev­eral key sup­pli­ers for Ap­ple's iPhone and is op­ti­mistic growth will con­tinue as the global eco­nomic out­look im­proves.

Growth in the first quar­ter was 2.6% year-on-year, bol­stered by the strong­est ex­ports Tai­wan has seen in al­most six years. Ship­ments of elec­tronic com­po­nents surged by 19.24%. "With our lead­ing edge in semi­con­duc­tor man­u­fac­tur­ing, and emerg­ing de­mand for au­to­mo­tive elec­tron­ics and ar­ti­fi­cial in­tel­li­gence, we can ex­pect to main­tain ex­port mo­men­tum," the Direc­torate-Gen­eral of Bud­get, Ac­count­ing and Statis­tics said.

Tai­wan's in­dus­try giants in­clude Fox­conn and Tai­wan Semi­con­duc­tor Man­u­fac­tur­ing Com­pany (TSMC).

Full-year GDP growth was re­vised up 0.13 per­cent­age points to 2.05%. – AFP

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