Global Economic Overview: Strong Chip Demand Contrasts with Rising French Unemployment and Malaysia’s Cautious Outlook

Key Takeaways

  • Taiwan Semiconductor Manufacturing Company (TSMC) (TSM) reported robust July sales of NT$323.17 billion, marking a 25.8% year-over-year increase and contributing to a 37.6% year-to-date sales growth of NT$2.10 trillion, signaling strong demand in the semiconductor sector.
  • France's ILO unemployment rate for the second quarter of 2025 edged up to 7.5%, from 7.4% in the prior quarter, matching market expectations but indicating a slight softening in the French labor market.
  • Malaysia's Finance Ministry anticipates moderate economic growth for 2026, attributing the outlook to global trade uncertainty and subdued external demand.

TSMC's Strong Performance Signals Robust Semiconductor Demand

Taiwan Semiconductor Manufacturing Company (TSM), a key supplier to companies like Nvidia (NVDA), announced impressive sales figures for July 2025. The company's July sales reached NT$323.17 billion, representing a substantial 25.8% increase compared to the same month last year. This strong monthly performance contributes to a year-to-date sales total of NT$2.10 trillion, a significant 37.6% rise over the previous year. These figures underscore the continued robust demand for semiconductors, a positive indicator for the broader technology sector and companies reliant on advanced chip manufacturing.

France's Unemployment Rate Sees Slight Uptick in Q2

The French labor market experienced a minor increase in its unemployment rate during the second quarter of 2025. The ILO unemployment rate for Q2 rose to 7.5%, up from 7.4% in the first quarter, aligning with economist expectations. The mainland unemployment rate also saw a slight increase to 7.3% from 7.2%. While the increase was marginal and anticipated, it suggests a potential plateau or slight softening in employment conditions within France.

Malaysia Forecasts Moderate Economic Growth Amid Global Headwinds

Malaysia's Finance Ministry has projected moderate economic growth for the nation in 2026. The cautious outlook is primarily driven by prevailing global trade uncertainties and a subdued external demand environment. The government's 13th Malaysia Plan (2026-2030), unveiled recently, targets an annual economic growth rate between 4.5% and 5.5%. Despite the moderate forecast for 2026, the long-term plan aims to reshape the country's economy, focusing on high-growth sectors and inclusive reforms.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.
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