“Taiwan’s export orders in June grew at their fastest pace in 1-1/2 years, beating expectations, as its manufacturers rushed to fill orders for new smartphones from Apple Inc and others,” Faith Hung and Emily Chan report for Reuters. “The island’s technology sector is gearing up to ship new products, including the much-anticipated iPhone 6 and new iPads, that are expected to hit shelves this fall, raising prospects for its suppliers and assemblers. Taiwan is one of the world’s leading exporters of electronic goods and boasts a number of suppliers for foreign hardware heavyweights such as Apple Inc.”
“Export orders in June grew 10.6 percent from a year earlier, the Ministry of Economic Affairs said on Monday, and much better than a median forecast of 6.98 percent in a Reuters poll,” Hung and Chan report. “The ministry said, discounting distortions from the Lunar New Year, it was the best growth since the end of 2012. According to Reuters data, it was the strongest single-month growth since January 2013.”
“Hon Hai Precision Industry Co Ltd, the world’s No.1 contract manufacturer of electronic goods, will start production of Apple’s next-generation iPhone this month, according to local media,” Hung and Chan report. “Likewise, the world’s largest contract chip manufacturer Taiwan Semiconductor Manufacturing Co Ltd, widely believed to be providing chips for the new phone, said recently it was targeting record revenue this year.”
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