Reuters

Taiwan export orders growth underwhelms on smartphones

Taiwan’s export orders grew less than forecast in August on unexpectedly weaker demand for new smartphones, though the government said the demand outlook for the island’s tech goods remains good. Taiwan’s export orders, a bellwether of global technology demand, jumped 17.6% from a year earlier to $53.5 billion in August, data from the Ministry of Economic Affairs showed on Friday. Huang Yu-ling, head of the ministry’s statistics department, told reporters that orders for new smartphones were weaker than expected, and fewer people working from home as pandemic lockdown rules eased also affected orders, meaning they needed to buy fewer tablets and laptops.

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