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Yusuf Balogun
Yusuf Balogun
Yusuf is an aspiring Journalist and Health law expert with a special focus on technology innovations. He is a writer at Right for Education, Libertist Centre for Education, Qwenu, and Editor at Gamji Press, UDUS.

The unveiling of the popular iPhone 14 series seems to be a blessing to most Taiwan’s IT Factories that supply a huge number of products and semiconductors to Apple as the firms recorded flourishing revenue in a single month. Reports revealed that most of these firms have continued to flourish, increasing by 20% in revenue, estimated for the second-highest record in a single month.

According to Nikkei news, most Taiwanese companies that supply a large number of products and semiconductors to customers, such as Apple and Microsoft, continue to have strong revenue, benefiting from the blessing of Apple’s iPhone 14 and the effect of the depreciation of the Taiwan dollar.

How Taiwan’s IT Factories Record Flourishing Revenue with iPhone 14 Products Supply 

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The 19 major Taiwanese IT factories that make up the Asia 300 collectively generated TWD 1,591.9 billion in revenue last month, a 20.6% increase over the same period in 2012 and 10% or higher than the previous year. This represents the second-highest monthly record since statistics were kept in January 2013, just behind the 1.706 trillion yuan in September 2022.

The survey noted that although Taiwan’s IT factories continued to function well, China’s “zero policy” as a significant base of production and a market for Taiwanese factories has put a shadow on their success, and the situation is uncertain.

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Hon Hai, the primary foundry for the iPhone, saw a revenue increase of 41% year over year in October but a decrease of 5.6% month over month, primarily as a result of the closure of the Zhengzhou factory in the second half of October due to the epidemic. 

TSMC, which provides Apple with advanced chips, saw a revenue increase of 56.3% in October. Production remained chaotic; MediaTek’s October revenue decreased 10.8% year over year, the first decrease in two and a half years. This decline was mostly caused by China’s economic slowdown, which caused inventory adjustments at companies that make smartphones and household appliances.

Additionally, Taiwanese firms not only arrange for about 90% of the manufacturing of servers, more than 80% of PCs, and 90% of iPads, but they also control more than 60% of the global foundry market share and provide a significant amount of goods to China and the US. The performance trend of Taiwanese manufacturers is regarded as one of the markers to estimate the worldwide IT boom and has garnered a lot of interest from Japan and other major global corporations.

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