Global AI boom fuels Asia factory expansion in August

Global Market: AI hardware demand powers Asia’s manufacturing growth in August

AI hardware demand helped sustain manufacturing growth across several Asian economies in August, with China, Japan and South Korea recording expansion. Strong semiconductor and technology exports supported factory activity, while Taiwan, Malaysia and the Philippines also grew. However, the prolonged Middle East conflict and rising costs pose risks to the region’s outlook.

GLOBAL ECONOMY Global AI boom fuels Asia factory expansion in August

Surging global demand for AI hardware kept Asia's ​factories humming in August, private surveys showed on Tuesday, brightening prospects for the export-reliant ‌region even as the prolonged Middle East war fuels uncertainty and rising costs.