Taiwan Financial News

U.S. lawmakers and experts warn that the U.S. severely lags behind China in shipbuilding capacity and urge action to build up the country’s ability to develop and produce weapons and other defense supplies to avoid war with China

Tata Electronics is looking to expand beyond beingjust an Apple supplier and is in talks with companies like Microsoft, Dell, HP and several other large companies to onboard them as clients. The homegrown electronics manufacturing services (EMS) player is doing this in a bid to not only diversify but also be India's Foxconn — following a model that is much like the Taiwanese contract manufacturing giant Foxconn, experts said. While the company «has its hands full» currently with work for Apple iPhones, sources said that this is part of the company's strategy that it is keen to set in motion rapidly.

Subscribe to enjoy similar stories. Pat Gelsinger’s quest to save Intel has come to an abrupt end. Whoever runs the storied chip maker next is still going to have to pull off a heroic feat.

Asian shares are mostly higher after technology stocks pulled Wall Street to another record finish

Shares have started the week higher in Asia, led by gains in China as monthly surveys showed improving conditions for manufacturing

Taiwan's Mainland Affairs Council (MAC) had condemned China and Russia for escalating tensions in the Asia-Pacific region. The council's statement on Friday highlighted Chinese military activity in the Taiwan Strait and joint military operations between China and Russia, which breached South Korea's air defence identification zone (KADIZ) earlier this week, Taipei Times reported. These actions have raised concerns about increasing instability in the region.

Subscribe to enjoy similar stories. Antony Blinken, America’s secretary of state, was unusually blunt on a recent visit to Europe: “One of the reasons that [Vladimir] Putin is able to continue this aggression is because of the provision of support from the People’s Republic of China," he said. China was, he added, “the biggest supplier of machine tools, the biggest supplier of microelectronics, all of which are helping Russia sustain its defence industrial base".

Taiwan President Lai Ching-te was feted with a red carpet, garlands of flowers and «alohas» as he kicked off his two-day stopover in Hawaii on Saturday, part of a Pacific tour that has sparked fiery rhetoric from Beijing. China claims Taiwan as part of its territory and has responded to Lai's first overseas trip as president with threats to «resolutely crush» any attempt for independence. Looking relaxed in a Hawaiian shirt, Lai flitted around the US island state, visiting a Pacific island history museum, an emergency management centre and the USS Arizona Memorial in Pearl Harbour.

Dixon Technologies Friday said it has entered into an agreement with Taiwanese original design maker Compal Electronics to make Google Pixel devices in India, as the US major strives to gain a foothold in the world’s second largest smartphone market. Dixon becomes the second contract manufacturer for Google who had started making Pixel phones locally with Foxconn subsidiary Wow Tech at their Chennai facility. “This is a significant opportunity for Dixon and marks an exciting step in our growth and commitment to delivering cutting edge, high quality products to the global and domestic market,” Atul B. Lall, Vice Chairman of Dixon Technologies said in a notice to the stock exchanges.

Paraguay’s foreign minister says his country is committed to its relationship with Taiwan and has no plans to break off their diplomatic relationship in favor of China as he visited the increasingly isolated island

Subscribe to enjoy similar stories. Executives at Zeiss SMT, which makes indispensable components to build the world’s most powerful semiconductors, got some troubling news last fall. Headhunters from Huawei Technologies, the Chinese tech firm, were trying to poach its employees.

Subscribe to enjoy similar stories. Investors exiting India have net-sold over ₹2 trillion worth of shares this fiscal, setting the stage for what could be the worst year for foreign portfolio outflows on NSE's secondary market. As US bond yields rose and quarterly earnings disappointed amid lofty valuations, foreign institutional investors (FIIs) net-sold a record ₹1.17 trillion in the secondary market in NSE's cash segment in October.

Subscribe to enjoy similar stories. Leading China hawks in the U.S. House of Representatives are calling for a rethink on whether Hong Kong should continue to enjoy the cozy banking relationship it has with the U.S., saying the city is becoming a hub for money-laundering and sanctions evasion.

Shares are mostly higher in Asia, tracking last week's gains on Wall Street

contingency plans for military deployments in Japan and the Philippines in case of an emergency over Taiwan, Japan's Kyodo news agency reported. They will be incorporated in a first joint operation plan to be formulated in December, according to sources familiar with Japan-US relations, Kyodo said late Sunday. A US Marine regiment which possesses the multiple-launch HIMARS (High Mobility Artillery Rocket System) would be deployed along Japan's Nansei island chain stretching from Kyushu to Yonaguni near Taiwan, Kyodo said.

Nvidia CEO Jensen Huang said Saturday that his company will balance legal compliance and technological advances under the incoming administration of Donald Trump, and nothing will stop the global advancement of artificial intelligence.

China is going to expand visa-free entry to citizens of nine more countries as it seeks to boost tourism and business travel to help revive a sluggish economy

According to the latest Janus Henderson Global Dividend index, dividends were up 3.1% in Q3 year-on-year on both a headline and underlying basis, with 88% of companies globally maintaining or raising payouts. However, low levels of special dividend payments held back the headline growth rate by more than expected in the third quarter while material cuts by five companies dragged down the growth rate by 3.5%. This was mainly attributed to Evergreen Marine in Taiwan and Glencore in the UK, whose payout reductions impacted the Q3 growth rate by 3.4% between them. Global dividends surg...

Former Hong Kong publisher Jimmy Lai is testifying in his defense at his landmark national security trial

Shares are mixed in Asia after U.S. stocks fell to their worst loss since Election Day

Tata Electronics is signing a deal to own a majority stake in Taiwanese contract manufacturer Pegatron's plant in Tamil Nadu, people familiar with the development said, underlining its move to increase its capacity of assembling iPhones. The deal is likely to lead Tata Electronics having a 60% stake with Pegatron holding the balance in the JV to run the iPhone production facility. Industry executives said the Tata Group company could pay $150-200 million for the stake. The people said, with the joint capacities of both the Wistron and the Pegatron facilities, along with the expansion Tata is undertaking at its Hosur facility, the company's capacity may increase to be at par or almost at par with that of Taiwan's Foxconn, which currently makes the most number of iPhones in India.