By: Huang Ya-chuan and Frances Huang
Taipei, April 29 (CNA) Outbound sales of Taiwan-made memory chips soared almost 40 percent year-on-year in the first quarter on demand in emerging applications in the Internet of Things and automotive electronics, according to the Ministry of Economic Affairs (MOEA).
In the January to March period, Taiwan’s exports of memory chips totaled US$2.37 billion, up 39.1 percent from a year earlier, the ministry said.
The increase was driven by higher demand in a wider range of applications and high-tech , devices as the global economy showed signs of a recovery, the MOEA said.
Another factor was a relatively low comparison base in the same period of last year, when inventory adjustments were in progress, the ministry said. [FULL STORY]