Total shipments of electronic components in May fell 9.9 percent from the year before to $15.05 billion, with semiconductor exports down 8 percent, the ministry said.
United Microelectronics Corp, a smaller competitor of TSMC’s, reported on Tuesday that May sales dropped 23.1 percent on the year. Earlier on Wednesday, China reported that its May exports shrank much faster than expected as global demand faltered.Taiwan’s finance ministry has said global inflation and monetary tightening in major economies would continue to crimp external demand, coupled with risks such as the war in Ukraine and China-U.S. trade tension.
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