Taiwan Financial News

Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support, said the two sources, who declined to be named as the details are not yet public. The sources did not elaborate on the financials of the deal.

Xi Jinping told his U.S.

chip design giant MediaTek is planning to significantly expand its workforce in India, ToI reported on November 16. This announcement comes as the company secures its position as the leading chip supplier for smartphone makers in the country. MediaTek surpassed American competitor Qualcomm by providing chips for both budget-friendly and high-end smartphones, according to Counterpoint data. The company now aims to leverage India's growing technology sector by recruiting more engineers and designers, said ToI's report (by Pankaj Doval). «There are a lot of exciting opportunities that we see in India. First and foremost are smartphones. We're going through a massive 4G to 5G transition. It's happening very quickly here,» ToI's report said quoting MediaTek's global VP for corporate marketing, Finbarr Moynihan.

Tamil Nadu Chief Minister M K Stalin on Friday laid the foundation stone for a new manufacturing unit of the Taiwanese company Dean Shoes at the SIPCOT industrial park, Jayankondam, here. The footwear major Long Yin Investment (Dean Shoes) will invest Rs 1,000 crore for the project in the industrially backward district and it will generate employment to 15,000 people. This investment would further establish Tamil Nadu as a global hub for non-leather footwear manufacturing and would transform more districts like Perambalur, Ranipet and Ariyalur, driving distributed growth across the state, Industries Minister T R B Rajaa said. «More importantly, 90 per cent of these jobs are for women, a key pillar of the Dravidian Model,» the minister claimed.

Shares have opened higher in Europe after mostly falling in Asia following a report showing inflation in the U.S. was roughly as expected last month

Subscribe to enjoy similar stories. NEW DELHI : Last week, Nvidia Corp., the world's largest artificial intelligence (AI) chipmaker, replaced Intel Corp., best known for computer processors, in the 30-share American benchmark share index. This movement in the Dow Jones Industrial Average reflects the big changes in the industry over the past few years, as AI took centre stage and the fortunes of top players reversed.

China deployed some of its newest strike aircraft, warships and missile forces. However, one of the most menacing weapons used in the drills: an updated version of a bomber that first flew in the early years of the Cold War. Like America, which still relies on upgraded versions of the B-52, a bomber from the same era, China has successfully modernized its jet-powered H-6 to carry on flying deep into the 21st Century. These bombers were shown on China's state-controlled media taking off for missions designed to intimidate Taiwan as part of the war-game drills. Dubbed Joint-Sword 2024B by China's military, the maneuvers were a «stern warning» to people on Taiwan seeking independence, the Chinese military said.

high-end smartphones are set to get at least 5% more expensive, driven by use of more powerful and complex chipsets for AI use-cases along with more powerful memory modules and other components. Leading chipset companies-Qualcomm and MediaTek-have guided gross margins on mobile phone chipsets to go down in the December quarter due to increasing wafer costs. Taiwanese chipset maker TSMC is raising costs for leading-edge 5nm and 3nm processors that are majorly utilised by smartphone chipmakers. Meanwhile, chipset designer ARM is also raising licensing costs for companies like MediaTek, even as it is embroiled in a lawsuit against Qualcomm for its use of custom CPU cores in its latest generation mobile chipset. Experts believe Qualcomm will likely settle ahead of the hearing in December, with ARM pushing to raise license fees with Qualcomm as well.

Philippine Defense Secretary Gilberto Teodoro says he doesn't expect U.S. President-elect Donald Trump’s next administration will demand the Philippines pay more for military protection because both allies face the shared threat of China

Donald Trump has chosen Florida Representative Mike Waltz as his national security advisor. Waltz, a retired Army Green Beret known for his extensive knowledge in military operations and policy, is a vocal critic of China and a staunch advocate for bolstering US strategic readiness in the Indo-Pacific.

This marks a significant increase of TWD 634.669 million, or 53.48 per cent, from the current year's TWD 1,186,718,000, according to the Legislative Yuan's Budget Centre. Compared to last year's confidential spending of TWD 751,157,000, the proposed budget represents a jump of TWD 1,070,230,000, or 142.48 per cent. The rise has sparked calls for greater transparency regarding the use of these funds.

Subscribe to enjoy similar stories. If you are the CEO of a global multinational corporation or the chief investment officer of a large global pension fund or a sovereign wealth fund or an insurance company, or an asset manager with a high allocation to emerging markets, India should be the least of your concerns for now. Donald Trump has won and all the scenarios that your staff planned around his potential win will now start playing out in real time.

Donald Trump's «protection» money demand seriously with large and early new arms deals, showing it is not looking for a free ride and is determined to show Washington its resolve to spend to defend itself.

White House.

Shares have fallen in Asia after U.S. stocks stormed to records as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world

As U.S. President-elect Donald Trump prepares for his second term in office, China is bracing for unpredictability in its ties with the United States

The Nifty gained 1.1% or 270.75 points to close at 24,484.05 while the Sensex advanced 1.1% or 901.5 points to close at 80,378.13.

Tesla and SpaceX CEO Elon Musk recently shared how he maintains his calm. In a recent podcast interview, the world’s richest man disclosed that playing a video game helps him stay grounded. He’s not only a fan of the game but ranks in the top 20 players worldwide.

Donald Trump claimed victory in the U.S. presidential election, defeating Democrat Kamala Harris, China is bracing for four more years of bitter superpower rivalry over trade, technology and security issues.