Apple’s Taiwan suppliers resume double-digit decline in August

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Apple’s Taiwan suppliers resume double-digit decline in August
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Total revenue fell 12.3% year on year to US$29.6 billion, deepening July’s 9% electronics industry slump.

Sales of smartphones, laptops, and other personal gadgets have fallen since last year, putting pressure on major assemblers and manufacturers.

Total revenue among the island’s major assemblers and manufacturers fell 12.3% from a year ago to NT$951.41 billion , according to data compiled by Bloomberg. The surge in demand for artificial intelligence hardware has boosted the fortunes of companies like Quanta Computer Inc, which assembles data centre servers and saw its shares rocket to all-time highs this summer.

Taiwan Semiconductor Manufacturing Co, the world’s biggest contract chipmaker, is the exclusive supplier of Nvidia’s AI chips and Apple’s bespoke Silicon processors for iPhones, iPads and Mac computers.

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