Taiwan Financial News

19.09 / 18:19
markets UPS Aware wellness electronic reports Japanese tech major Sharp looks for Indian partners to open display fab
Sharp is actively scouting for an Indian partner to set up a display fab under the India Semiconductor Mission's (ISM) scheme for display fabrication facilities, people aware of the developments told ET. Sharp is in talks with several Indian players and top executives from its display vertical have met with potential partners, one of the sources said. «They have received a positive response from some and are in advanced stages of discussion and should announce their partner by the end of the year,» the person said. «Sharp has engaged in setting up display fabs for partners in other countries like China, Korea and Taiwan. In India, too, they are looking at a similar strategy wherein they are looking to partner with a strong Indian player who will take the lead on the project and they will provide their technical expertise,» the person said.
19.09 / 12:15
markets UPS security trends Cycling Taiwan central bank leaves key interest rates unchanged
Subscribe to enjoy similar stories. Taiwan’s central bank held interest rates steady with a watchful eye on inflation, declining to join the U.S. Federal Reserve and a growing number of its Asian counterparts in starting to ease monetary policy.
19.09 / 11:27
UPS Target Trade War Courts Fruit and seafood are the latest front in escalating Taiwan-China tensions
Taiwan says China’s ban on imports of its fruit, vegetables, seafood and other goods violate trade rules, in the latest ratcheting up of tensions between the self-governing island republic and its massive neighbor, which has vowed to annex Taiwan by force
19.09 / 11:27
markets UPS DOW economy Trade prevention Stock market today: World markets shoot higher after Fed's first rate cut in over 4 years
Markets in Europe and Asia have shot higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates
19.09 / 02:23
UPS Provident Cooper Citizens China announces sanctions on US companies selling arms to self-ruled Taiwan
China has announced sanctions on American companies selling arms to the self-ruled island of Taiwan, which Beijing claims as its own territory and threatens to annex by force
18.09 / 16:33
Booking Fighting War travelers volunteers International Suspected Trump gunman touted potential ‘Taiwan foreign legion’
Subscribe to enjoy similar stories. Ryan Wesley Routh, the man arrested in Florida in connection with an apparent attempt to shoot Donald Trump, counted among his international projects a proposed “foreign legion" to help defend Taiwan against a potential assault from China. The Taiwan plan echoed Routh’s self-professed efforts to support the defense of Ukraine, in what he described in his LinkedIn profile as a mission to dedicate himself to “any monumental worthy cause to bring about real change in our world." There is no indication that Routh’s Taiwan ambitions ever materialized.
18.09 / 12:01
Target Manufacturing BAC hospital reports Exploding Hezbollah pagers in apparent Israeli attack made by Hungarian company, Taiwanese firm says
A Taiwanese company says that a firm based in Hungary was responsible for manufacturing the pagers that exploded in Lebanon and Syria in an apparent Israeli operation targeting Hezbollah’s communications network
18.09 / 03:13
markets Manufacturing security War show reports Mossad's Hidden Hand: How Taiwan-made pagers and 3 grams of explosives killed many
Hezbollah members across Lebanon were caught off guard when their pagers detonated, resulting in widespread casualties. The devices, which were embedded with hidden explosives by Israeli operatives, caused the deaths of at least nine people and injured over 2,800, according to reports. The pagers were originally intended for Hezbollah’s communication network but were turned into instruments of destruction through a covert Israeli operation. The attacks were centered in Beirut’s southern suburbs, a Hezbollah stronghold, and the eastern Bekaa Valley, where explosions began around 3:30 p.m. local time and lasted for about an hour. Footage showed scenes of chaos as fighters and civilians collapsed on the streets, suffering injuries to their faces, fingers, and abdomens. Hospitals across Lebanon were overwhelmed with victims bearing wounds consistent with the placement of the pagers.
18.09 / 03:11
markets Reuters security RAI show reports rights Gold Apollo says it did not make pagers used in Lebanon explosions
Taiwan's Gold Apollo did not make the pagers that were used in the detonations in Lebanon on Tuesday, the company's founder Hsu Ching-Kuang told reporters on Wednesday. At least nine people were killed and nearly 3,000 wounded when pagers used by Hezbollah members detonated simultaneously across Lebanon on Tuesday. Images of destroyed pagers analysed by Reuters showed a format and stickers on the back that were consistent with pagers made by Gold Apollo. A senior Lebanese security source told Reuters that Hezbollah had ordered 5,000 pagers from the Taiwan-based Gold Apollo.
18.09 / 01:47
markets Reuters security SPY War Israel planted explosives in Hezbollah's Taiwan-made pagers, say sources
Israel's Mossad spy agency planted a small amount of explosives inside 5,000 Taiwan-made pagers ordered by Lebanese group Hezbollah months before Tuesday's detonations, a senior Lebanese security source and another source told Reuters. The operation was an unprecedented Hezbollah security breach that saw thousands of pagers detonate across Lebanon, killing nine people and wounding nearly 3,000 others, including the group's fighters and Iran's envoy to Beirut. Iran-backed Hezbollah has vowed to retaliate against Israel, whose military declined to comment on the blasts.
17.09 / 08:17
markets Manufacturing Qualcomm NVIDIA Research Experts International The Chinese chipmaker at the heart of the US-China tech war
chipmaker has been hard at work testing the limits of U.S. authority. Semiconductor Manufacturing International Corp., or SMIC, is manufacturing chips with features less than one-15,000th of the thickness of a sheet of paper. The chips pack together enough computing power to create advancements such as artificial intelligence and 5G networks. It's a feat that has been achieved by just a few companies globally — and one that has landed SMIC in the middle of a crucial geopolitical rivalry. U.S. officials say such advanced chip technology is central not just to commercial businesses but also to military superiority. They have been fighting to keep it out of Chinese hands, by barring China from buying both the world's most cutting-edge chips and the machinery to make them.
17.09 / 03:22
UPS Manufacturing Apple FLEX Trade electronic Samsung strike: Can it crash Tamil Nadu’s dream?
Subscribe to enjoy similar stories. Tamil Nadu dominates India’s electronics exports with a 34% share. This hard-won dominance is at stake as Samsung India workers’ strike at its Sriperumbudur unit refuses to die down and risks spreading to other units.
17.09 / 03:03
Apple Software Research Trade show Features International Apple shares slip as shorter iPhone 16 shipping times signal soft demand
Apple fell nearly 3% on Monday after some analysts said delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features. Apple last week unveiled its long-awaited iPhone 16 series designed around its AI software, Apple Intelligence.
14.09 / 04:58
Target Digital Telegram Platform Research Trade information Russian hackers hit Taiwan Stock Exchange and bank in a surprise attack
Russian hacker groups briefly disrupted Taiwanese financial platforms including the stock exchange and lender Mega Financial Holding Co.’s website, exposing the vulnerability of the island to foreign cyberattacks. Two groups that go by the handles “NoName057” and “RipperSec” on Telegram swamped targeted websites with a so-called Distributed Denial of Service attack, which caused unstable connection issues for the platforms Thursday afternoon, the Ministry of Digital Affairs said Friday. During the incident, the Taiwan Stock Exchange detected web queries from overseas internet-protocol addresses at volumes several times bigger than usual, the bourse said in a separate text message to Bloomberg News.
13.09 / 19:46
markets Target Digital Telegram Platform Research information Russian hacker groups hit Taiwan bourse, bank in surprise attack
Russian hacker groups briefly disrupted Taiwanese financial platforms including the stock exchange and lender Mega Financial Holding Co.'s website, exposing the vulnerability of the island to foreign cyberattacks. Two groups that go by the handles "NoName057" and «RipperSec» on Telegram swamped targeted websites with a so-called Distributed Denial of Service attack, which caused unstable connection issues for the platforms Thursday afternoon, the Ministry of Digital Affairs said Friday. During the incident, the Taiwan Stock Exchange detected web queries from overseas internet-protocol addresses at volumes several times bigger than usual, the bourse said in a separate text message to Bloomberg News. Government websites and trading functioned normally on Friday. DDoS attacks are intended to overload systems rather than steal valuable information, and the stock exchange restored normal operations within a half-hour on Thursday. But the incident exposes the potential vulnerability of computing platforms in Taiwan, the world's biggest producer of advanced semiconductors and a potential flashpoint in a US-China conflict.
13.09 / 11:27
markets UPS Fighting Strategy War Trump is right about World War III, wrong about the analysis
Trump says is unhinged and histrionic, it’s tempting to dismiss all of it as bunk. And yet the former and perhaps future president has a populist knack for sounding alarums that resonate with the zeitgeist — for example, with growing anxiety about World War III and nuclear Armageddon. “We're a failing nation,” Trump ranted during his debate against Vice President Kamala Harris in one particularly meandering answer (the one that also recycled urban myths about immigrants eating cats). “And what, what’s going on here, you're going to end up in World War III, just to go into another subject.” He brought it up twice more. “We’re going to end up in a Third World War,” he closed. “And it will be a war like no other because of nuclear weapons.” Oh dear. Could we please stick to speculating about feasting on felines as we contemplate the United States and the world for the next four years? We can’t, unfortunately, because even experts increasingly worry about a new specter of major and global war.
13.09 / 09:58
markets UPS Manufacturing Mobile Parke electronic reports Bimaru to boom state: UP will now have a chip on its shoulder
Uttar Pradesh, once called a bimaru (sick) state with low industrialisation, is on its way to become a boom state. As it strives to become an electronics hub, the state will now get a semiconductor plant too. The joint venture between Taiwan’s Foxconn and IT services major HCL Group has been allotted around thirty acres of land, near the upcoming Jewar airport in Uttar Pradesh’s Noida, to set up a semiconductor outsourced assembly and testing (OSAT) unit, said Et has reported based on information from sources. Uttar Pradesh has received proposals for projects totalling around Rs 40,038 crore under its new policy to incentivise semiconductor manufacturing and attract global investments in the state, the government said in a statement in July. Among several proposals, it has so far considered Hiranandani group’s Tarq Semiconductor plant. In fact, Uttar Pradesh has emerged as the only north Indian state actively vying for high-tech industrial projects which has traditionally been the mainstay of south Indian states. Uttar Pradesh has followed states Karnataka, Tamil Nadu and Gujarat to have a dedicated semiconductor policy.
13.09 / 09:54
Target Digital CEO Cybercrime wellness reports rights A practitioner’s playbook for the cyber-ready CEO to tame this humongous threat
Subscribe to enjoy similar stories. India is now the second most targeted nation in the Asia Pacific (APAC) by cybercriminals.
12.09 / 16:36
markets Cooper Fighting security wellness reports Department We want to give India F-16s: US Major General Piffarerio
US Pacific Air Forces (PACAF), said on Thursday that the United States is ready to offer F-16 fighter jets to India. Speaking with reporters on India's defence sector and F-16 Fighting Falcon fighter jets, Major General Piffarerio said, "...The more options that are out there, I think the stronger the Indian Air Force is going to be in the future." He added, «We certainly want to give them the best that we have — the F-16s. But ultimately it's going to be a choice for the Indian Air Force on what they want to do with their air defence.»
12.09 / 11:48
markets UPS Manufacturing wellness electronic testing rights Kaynes to keep away from fabs for now, focus on chip facility, says CEO
Mint. “The plant is costing us ₹4,000 crore ($475 million) to set up, and this itself will take 18 to 24 months to complete fully and make it operational. Right now, we don’t have any plans to venture into a fab project, at least in the near term. We’ll start with chip manufacturing through OSATs, and then slowly see how we can scale up," he said on the inaugural day of Semicon India 2024.
12.09 / 09:52
Provident security country US and Chinese militaries find reason to start talking again
BEIJING—The U.S. and Chinese militaries are taking tentative steps to re-engage diplomatically after a two-year freeze in relations, seeking to dial back the risk of confrontation while tensions simmer over Beijing’s activities in the South China Sea and its support of Russia. Jump-starting talks between military leaders has been a priority of the Biden administration, but one that has previously faced stiff resistance in Beijing.

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