Taiwan March exports hit record high value as AI-related demand remains solid

TAIPEI, April 10 (Reuters) – Taiwan’s exports rose much more than expected in March, with demand remaining strong for artificial intelligence applications and other technology products. Exports grew 61.8% year-on-year to $80.18 billion, the first time they have surpassed $80 billion, the finance ministry said on Friday. That compared to 20.6% in February and expectations for 33.2% in a Reuters poll, and continued a streak of 29 consecutive monthly year-on-year gains. Here are some details on the data from the ministry’s statement and context to the data: o AI and cloud business demand was solid. o Export momentum should continue…