TAIPEI: Taiwan&#39;s exports hit a record high in October, driven by surging demand for artificial intelligence technology, government data showed Friday.&nbsp;Taiwan dominates the global manufacturing of semiconductor chips, which power AI.&nbsp;Nvidia and Apple, key customers of Taiwanese chip giant TSMC, are among firms pouring many billions of dollars into chips, servers and data centres.&nbsp;&quot;With business opportunities in artificial intelligence thriving, together with a surge in orders for new consumer electronics, momentum in tech product shipments has become increasingly strong,&quot; the finance minister said in a statement.&nbsp;Total shipments soared 49.7 percent from a year ago to US$61.80 billion, the ministry said.&nbsp;The United States was the biggest destination, accounting for 34.2 percent of exports.&nbsp;Export orders hit a record high of US$70.2 billion in September, the government said previously.&nbsp;Trump has threatened to slap hefty tariffs on microchips, which are the lifeblood of the global economy.

Artificial Intelligence

Taiwan’s October exports hit a record US$61.8 billion, up 49.7%, driven by soaring AI demand and chip shipments to the US, its top market. Nvidia and Apple, key customers of Taiwanese chip giant.

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Taiwan's exports hit record on booming chip, AI demand

Taiwan's exports hit record on booming chip, AI demand