Slowing demand for semiconductors a bad sign as global leader TSMC reports weak sales
Taiwan’s export orders in March plunged by the most since the global financial crisis as global demand for semiconductors shows little sign of improving.
The value of overseas orders to Taiwanese companies shrank to US$46.6 billion last month, a 25.7% drop compared to a year ago. The contraction was the largest since January 2009.
Weakening demand for electronic components, which includes semiconductors, was the main factor behind the decline. Orders…
