City Taipei Financial News

TAIPEI (Reuters) — Taiwan's government has opened an investigation into four companies named in a media report as conducting business with firms linked to U.S.-sanctioned Huawei in China, and is considering tighter rules on key technologies.

TAIPEI (Reuters) — Taiwan's central bank will intervene in the foreign exchange market if there are «extreme» fluctuations to maintain financial stability, its governor Yang Chin-long said on Wednesday.

Asian Games along with the men's and women's pairs, here on Saturday. Niraj topped the canoe single 1000m semi-final by clocking 4:31.626s after missing the final qualification in heat 1, where he managed a time of 4:25.162 seconds. Taipei's Kuan-Chieh Lai emerged the winner by clocking a blistering 4:02.431s.

Taiwan’s crypto community is coming forward to establish a working group in mid-October to “effectively integrate” digital currency adoption and self-compliance, in a move to “establish an effective and smooth communication channel with the government.”

ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid global concerns about rapid advances in artificial intelligence, or AI. Many countries are planning AI regulation, and Britain is hosting a global AI safety summit in November, focusing on understanding the risks posed by the frontier technology and how national and international frameworks could be supported.

By Mark John

TAIPEI (Reuters) -Taiwan's central bank cut its 2023 economic growth forecast for the export-reliant economy due to sluggish global demand though predicted better growth next year, while it kept rates on hold on Thursday as inflationary pressures cool.

Governors from the Southwestern United States are pursuing stronger business ties with Taiwan in hopes of attracting new foreign investments and jobs to their landlocked states

By Sarah Wu

BBC. It is to be known that China conducted air and naval drills around Taiwan this week which is seen as a routine show of military might around the island.

Terry Gou, the founder of tech giant Foxconn, has revealed his running mate for the upcoming presidential election in Taiwan. Gou, who declared his candidacy as an independent candidate last month, introduced Tammy Lai, a well-known actress renowned for her role in a prominent Netflix drama series. Despite months of speculation surrounding his potential candidacy, Gou has faced challenges in gaining significant support in opinion polls.

TAIPEI (Reuters) — Taiwan is «not for sale», the island's foreign minister said in a stern rebuke to Elon Musk who asserted Taiwan was an integral part of China, as the billionaire again waded into the thorny issue of relations between Beijing and Taipei.

TOKYO—A Chinese aircraft carrier and around two dozen other Chinese warships were gathering in the western Pacific, according to authorities in Taiwan and Japan, an unusually large group suggesting Beijing may be planning major naval exercises. The movement follows a flurry of U.S. military activity in the region, and comes as efforts by Washington and Beijing to improve relations appear to have lost momentum.

TAIPEI (Reuters) — Taiwan's exports dropped for the 12th consecutive month in August but less sharply than expected, and may return to growth in September ahead of the year-end holiday shopping season, the finance ministry said on Friday.

TAIPEI (Reuters) — Shares in Taiwan's TSMC, a major Apple (NASDAQ:AAPL) supplier, dropped around 1% on opening on Friday after reports that China has widened curbs on iPhone use by state employees.

Foxconn Technology Group chairman Young Liu has backed India as an important country for the future of manufacturing, saying that the opportunities for development of electronics manufacturing and industrial chains was very huge. Speaking to media at a group event in Taipei, Liu said that India would be able to build the ecosystem faster than China, which took 30 years, on the back of experience and new technologies such as AI. “Some of India’s development over the past few years, everyone can see that.

NEW DELHI : Foxconn Technology Group chairman Young Liu has backed India as an important country for the future of manufacturing, saying that the opportunities for the development of electronics manufacturing and industrial chains were huge. Speaking to reporters at an event in Taipei, Liu said India could build the ecosystem faster than China—which took 30 years—on the back of experience and new technologies such as artificial intelligence (AI). “Some of India’s developments over the past few years, everyone can see that.

India will be an important country in terms of manufacturing in future, Young Liu, Chairman and CEO of Hon Hai Technology Group (Foxconn) has said, his latest comment adding to a growing chorus of global voices acknowledging the country's bold moves to position itself as electronics and hi-tech production powerhouse. In an interaction with reporters in Taipei, the top honcho of the Taiwanese electronics manufacturing giant said the development of the entire ecosystem and industrial chain, and opportunities for development in India are «very, very huge opportunities». «If there is no big change, India will be a very important country in terms of manufacturing in the future,» Liu said. In the past, it took 30 years to build the entire supply chain ecosystem in China, he noted, adding that while it will take an «appropriate amount of time in India» and the process will be shorter given the experience.

TAIPEI (Reuters) -Domestic flights were cancelled and almost 4,000 people were evacuated as Typhoon Haikui barrelled into southeastern Taiwan on Sunday bringing torrential rain and strong winds.

leadership of the group to a professional manager four years ago". Gou's campaign team declined to comment. Asked on Monday about the issue of conflict of interest with Gou being a major shareholder of Foxconn, which has massive investment in China, Gou said he's willing to "sacrifice" his personal assets in China in the event of a Chinese attack.

China on Thursday said it firmly opposed all forms of official interaction between the Taiwan authorities and countries having diplomatic relations with Beijing. Responding to a question raised by a Pakistani journalist on reports that three former top Indian military officials attended a security dialogue held by Taiwanese authorities in Taipei this month, Chinese Foreign Ministry spokesman Wang Wenbin said that China firmly opposes all forms of official interaction with Taiwan. China, which considers self-ruled Taiwan as part of its mainland, routinely objects to any high-level visits to Taipei, saying that it is a violation of the one-China principle. According to the media reports, Admiral Karambir Singh, General M M Naravane and Chief of Air Staff R K S Bhadauria — the former Navy, Army and Indian Air Force chiefs respectively — recently attended Ketagalan Forum's 2023 Indo-Pacific Security Dialogue held in Taiwan. Answering a question on their attendance, Chinese Foreign Ministry spokesman Wang said, «China firmly opposes all forms of official interaction between the Taiwan authorities and countries having diplomatic relations with China.» «This is our consistent and clear position.