TAIPEI (Taiwan News) -- Taiwan was the biggest spender on semiconductor equipment in the first quarter of this year, bucking a worldwide downtrend in the industry, announced SEMI on Tuesday (May 4).
Semiconductor manufacturing equipment billings for the first quarter from Taiwan leaped from US$2.81 billion from the fourth quarter last year to US$3.81 billion in the first quarter this year, representing an increase of 36 percent, reported SEMI. This also represented a massive 68 percent increase from the US$2.27 billion in billings from Taiwan in the first quarter last year.
In the process, Taiwan pulled ahead of rival South Korea's US$2.89 billion, after it saw billings drop by 8 percent from the previous quarter and a year-on-year drop of 54 percent. China took third at US$2.36 billion, but also saw a 13 percent quarterly drop in billings and a year-on-year decline of 11 percent.
Read More: Taiwan News
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan