Industrial production is reduced by 14.5%.
Under pressure from the manufacturing sector, striving to offset the reduction in global demand, Taiwan’s industrial production decreased in March.
The 14.5% loss in March was the worst drop since May 2009, immediately following the financial crisis.
TSMC predicts production growth in the second half of the year.
According to the Economy Ministry, Taiwan’s chip manufacturing dropped 18.9% in March. Export shipments, a reliable predictor of future production, also dropped in March to their lowest level since 2009.
Lower capacity utilization had an impact on non-gross margins, according to Taiwan Semiconductor Manufacturing Co., the largest corporation in Taiwan’s economy, which reported its first-quarter profits last week.
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