City Taipei Financial News

Terry Gou, who founded Apple supplier Foxconn, has announced that he will run as an independent candidate in Taiwan's presidential election, scheduled to take place in September this year. Gou pledged to fix ties with China and added, "I will definitely not allow Taiwan to become the next Ukraine". Gou criticised the ruling Democratic Progressive Party, saying its policies have “brought Taiwan into the risk of war" with China.

A rapid tourism recovery in Japan, bolstered by the return of Chinese visitors, and the highest level of inflation in four decades are fueling a boom in hotel investment in the island nation.

By Casey Hall and Ben Blanchard

Taiwan's foreign minister accused China on Saturday of trying to «shape» Taiwan's upcoming election, after Chinese military exercises were launched around the island. «The PRC has made it clear it wants to shape Taiwan's coming national election,» said foreign minister Joseph Wu on the ministry's official X account.

warplane incursions into its air defence zone since China announced the launch of military drills. «Since 0900 (UTC+8) today (Aug. 19), the R.O.C.

Taiwan on Saturday as a «stern warning» after voicing anger over a stopover in the United States by the island's vice president, William Lai. Lai, who is the frontrunner in Taiwan's presidential election next year, stopped in New York and returned via San Francisco on a trip to Paraguay, one of a dwindling number of nations that diplomatically recognise Taipei.

William Lai returned on Friday from a sensitive visit to the United States, thanking Taiwanese people supporting a trip he said showed the island's «self confidence» venturing into the international community. «Because of everyone's hard work, Taiwan's power is stronger and stronger, and it showed the international community that Taiwan is a force for good, that the international community really pays great attention to Taiwan,» he said.

India can be a trusted supply chain partner of Taiwan, which leads in hi-tech manufacturing in the Asian region, remarked Edison Hsu, Director, Taipei World Trade Center Liaison Office in Mumbai at an interactive meeting organized for an in-bound Taiwan Trade Mission at WTC Mumbai. Notably, India ranks as Taiwan’s 14th largest export destination and 18th largest source of imports. Bilateral trade between the two countries totaled US$8.45 billion in 2022, representing an increase of 9.8% over the previous year.

Taiwan Vice President William Lai arrived in New York on Saturday at the start of a sensitive U.S. stopover, which China has condemned and Taiwanese officials fear could prompt more Chinese military activity around the democratically governed island. Lai, the front-runner to become Taiwan's president in elections in January, is officially making only transit stops in the United States on his way to and from Paraguay for the swearing in of its president next week.

Taiwan Vice President William Lai left on Saturday for a sensitive trip to the United States, which China has condemned and Taiwanese officials fear could prompt more Chinese military activity around the democratically governed island. Lai, the front-runner to become Taiwan's president in elections in January, is officially making only transit stops in the United States on his way to and from Paraguay for the swearing in of its president. Taipei and Washington say such stopovers are routine and no cause for China to take «provocative» actions, but Beijing has reacted with anger at what it sees as a further sign of U.S. support for Taiwan, which it claims as sovereign Chinese territory. China is likely to launch military drills next week near Taiwan, using Lai's stopovers in the United States as a pretext to intimidate voters ahead of a next year's election and make them «fear war», Taiwanese officials say. Lai, speaking to reporters at Taiwan's main international airport at Taoyuan, made only fleeting mention of the U.S. part of his trip, simply noting he was going to New York first.

NEW DELHI: : India and Taiwan are working on a migration and mobility agreement for greater collaboration and movement of skilled professionals between their technology industries, a person aware of the matter said. An agreement may also cover sectors like agriculture and manufacturing. Taiwan’s skills in semiconductor manufacturing and advanced technologies could fit well with India’s large pool of technology talent.

There’s more Asian capital hunting local vitamin and supplements brands.

Typhoon Khanun, categorised by Taiwan's weather bureau as the second-strongest typhoon level, slowly headed towards its northeastern coast with maximum winds of 198 kph (123 mph). As of 9:15 A.M.

Taiwan into an «ammunition depot» after the White House announced a $345 million military aid package for Taipei, and the self-ruled island said Sunday it tracked six Chinese navy ships in waters off its shores. China's Taiwan affairs office issued a statement late Saturday opposing the military aid to Taiwan, which China claims as its own territory.

Taiwan staged its first-ever military drill at Taoyuan International Airport on Wednesday, briefly halting commercial traffic as soldiers practised defending the facility against a simulated attack by Beijing. The exercise is part of Taiwan's week-long massive wargames — the annual «Han Kuang» (Han Glory) drills — which this year has included protecting civilian airports as Beijing ramps up military and political pressures on the island.

TAIPEI (Reuters) — Taiwanese chip maker TSMC plans to invest nearly T$90 billion ($2.87 billion) to build an advanced chip testing and packaging facility in Taiwan's northern county of Miaoli, according to the official Central News Agency.

The 1975, a British pop-rock band, has canceled upcoming shows in Indonesia and Taiwan after their set was cut short at a music festival in Malaysia. The decision came following frontman Matty Healy's comments on Malaysia's anti-gay laws and an on-stage kiss with a bandmate. The band had eagerly looked forward to performing for fans at Jakarta’s We the Fest on Sunday (July 23) and at the Taipei Music Center on Tuesday (July 25) as part of their Asia tour 2023. However, due to the current circumstances, they had no choice but to call off the scheduled performances. In a statement posted on We the Fest’s Twitter page, The 1975 wrote, “The 1975 regret to announce that their forthcoming shows in Jakarta and Taipei will no longer be going ahead as planned. The band never takes the decision to cancel a show lightly and had been eagerly looking forward to playing for fans in Jakarta and Taipei but unfortunately, due to current circumstances, it is impossible to proceed with the scheduled shows.” The controversy arose when Matty Healy openly criticized Malaysia's LGBTQ laws during the Good Vibes Festival in Kuala Lumpur on July 21. He also engaged in a kiss with bassist Ross MacDonald on stage. The festival's organizer, Future Sounds Asia, responded by canceling the remaining days of the festival.

Taiwan stocks, with foreign inflows the biggest in years, thanks to soaring artificial intelligence and chipmaking stocks. The wave of enthusiasm, which has also helped the tech-heavy Nasdaq to its best first half in 40 years, is running hard as the market is dominated like no other by top firms all along the computer hardware and software supply chains. Net foreign buying of $12 billion over the six months to June is the biggest since the first half of 2008, and Taiwan's benchmark index performance — it is up 20% in US dollar terms this year — is the best in Asia.

TAIPEI (Reuters) — Shares of Taiwanese chipmaker TSMC slumped more than 3% on Friday after the world's largest contract chipmaker flagged a 10% drop in 2023 sales and said production due to start next year at its first plant in Arizona would be delayed.

TSMC posted a 23.3% fall in second-quarter net profit on Thursday as global economic woes dented demand for chips used in applications as varied as cars, cellphones and servers and coming off a strong period last year.Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc supplier, saw April-June net profit drop to T$181.8 billion ($5.85 billion) from T$237.0 billion a year earlier. That compared with the T$172.55 billion average of 21 analyst estimates compiled by Refinitiv.

Taiwan is looking to buy National Advanced Surface-to-Air Missile Systems, or NASAMS, from the United States to upgrade its air defence capabilities having seen how well they work in Ukraine, the island's defence minister said on Tuesday. China, which claims Taiwan as its own territory, has stepped up military and political pressure over the past three years to try to force the democratically governed island to accept Beijing's rule. NASAMS have been provided by the United States for use in Ukraine, with USA officials saying they have had a 100% success rate in intercepting Russian missiles. The system, developed and built by Raytheon Technologies and Norway's Kongsberg Gruppen is a short- to medium-range ground-based air defence system that protects against drone, missile, and aircraft attack, which both Canada and Lithuania have also bought, or are buying for Ukraine. Asked on the sidelines of parliament about Taiwan buying NASAMS, Defence Minister Chiu Kuo-cheng said «certainly» there was a proposal to get them.