Tag: Asia

Asia Electronics Sector Booms, Bucking Global Economic Slump

(Bloomberg) — Global trade data in the Covid-19 era has been generally abysmal, but look a little closer and the electronics sector that fires Asia’s trade engines could be headed for a pretty good year.

In South Korea, semiconductor exports rose in May and imports of equipment used in producing semiconductors surged 168%, trade ministry data show. Taiwan’s electronic-component exports, which include chips, grew 13.2% in May to $10.2 billion, even as total exports fell 2% from a year earlier.

The electronics industry is holding up relatively well amid the pandemic as companies adopt new technologies — including 5G equipment

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Coronavirus’ Boost to Online Consumption in Asia Lifts More Than Entertainment

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Consumers around Asia have been locked down, had their travel restricted and been forced to spend more time with their families. Their digital consumption has risen. But the changing patterns of online usage have lifted far more categories than entertainment.

A new research note from ComScore, published Thursday, presents data from six territories in Asia-Pacific. It focuses only on the month of March, when the coronavirus was still a relatively new phenomenon and many government measures were being introduced for the first time.

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