Taiwan Financial News

Iran attacks Israel, could this be the beginning of WWWIII or The Prophecies of Nostradamus coming true," a user posted on X on Sunday. Follow Israel-Iran Tensions LIVE Updates here Nostradamus was a 16th-century French astrologer, physician, and seer. He is known for his book Les Prophéties (The Prophecies), which is a collection of 942 poetic quatrains that allegedly predict future events.

U.S. and Chinese military planners are gearing up for a new kind of warfare in which squadrons of air and sea drones equipped with artificial intelligence work together like a swarm of bees to overwhelm an enemy

Amidst growing concerns about national security and infrastructure vulnerabilities, China’s role in the cryptocurrency sphere has become a focal point of discussion. 

Ukraine, China is helping Russia ramp up its defence industrial base at such a large scale that Moscow is now undertaking its most ambitious expansion in military manufacturing since the Soviet era, CNN reported, citing senior Biden administration officials. One of the official claimed that the Chinese and Russian entitles have also been working jointly to produce drones inside of Russia. The support from China is having a significant impact on Russia's ability to continue its assault on Ukraine, while Ukraine's military has been plagued with equipment and weapon shortages. The challenge for Ukraine is exacerbated by Republicans in the US Congress continuing to block a vote on a new American military aid package to Kyiv.

China as Taiwan's main export market for four consecutive months due to a surge in demand for microchip products and AI technology, Taipei's Finance Ministry said Friday. Self-ruled Taiwan is a microchip-manufacturing powerhouse, churning out the world's most advanced silicon wafers necessary to power everything from e-vehicles and satellites to fighter jets and increasingly to power AI technology.

Biden said Thursday that U.S. defense commitment to Pacific allies was «ironclad» as he gathered Philippine President Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida at the White House in the midst of growing concern about provocative Chinese military action in the Indo-Pacific. The U.S. and the Philippines have had a mutual treaty in place for more than 70 years. Biden's forceful reinforcement of the American commitment comes in the midst of persistent skirmishes between the Philippine and Chinese coast guards in the disputed South China Sea. «The United States defense commitments to Japan and to the Philippines are ironclad. They're ironclad,» Biden said as he began three-way talks at the White House with Kishida and Marcos. «As I said before, any attack on Philippine aircraft, vessels or armed forces in the South China Sea would invoke our mutual defense treaty.»

China has announced rare sanctions against two U.S. defense companies over what it calls their support for arms sales to Taiwan

Taiwan and China can peacefully resolve their differences, former Taiwan President Ma Ying-jeou said on Thursday after meeting Chinese President Xi Jinping, adding that people on both sides of the Taiwan Strait share the same culture and history. Ma, president from 2008 to 2016, last year became the first former or sitting Taiwanese leader to visit China.

Stocks that traded heavily or had substantial price changes on Wednesday: Hexcel, WD-40 fall; Macy's, Roblox rise

Ace Exchange founder David Pan and six other individuals were indicted by a Taiwanese court on April 8 on charges of money laundering and crypto fraud involving digital assets valued at NT$ 340 million New Taiwan dollars ($10.7 million.)

₹1,000 crore to ramp up its production capabilities for laptops, servers, smartphones, hearables, televisions, and telecom equipment. With a sharp focus on competition, it is aiming to challenge electronics manufacturing services providers in the Indian and exports markets, primarily targeting the US. “We have planned an outlay of ₹1,000 crore for the near future to look at expansions judicially and into critical areas.

Emerging market stocks were rising Tuesday and headed for their best close since June 2022, aided by a surge in the shares of an Asian chipmaker.

Pegatron is in advanced talks to sell a majority stake in its iPhone manufacturing unit near Chennai to Tata group, people aware of the matter told ET. «The deal is expected to be completed in the coming two to three months, or, (at the) latest, by the second quarter of the fiscal year,» said one of the persons. «However, as of now, it's unclear if this will be a Wistron-type buyout or a joint venture.» Both options are said to be on the table. Wistron, like Pegatron and Foxconn, is a Taiwan-based contract manufacturer for Apple. Tata group acquired its local operations for $125 million (₹1,000 crore) in November last year, becoming the first Indian company to manufacture iPhones.

The Biden administration has pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona and better ensure that the most-advanced microchips are produced domestically for the...

Stocks that traded heavily or had substantial price changes on Monday: Taiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fall

Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., two people familiar with the matter said. The subsidy, which will be unveiled by Commerce Department Secretary Gina Raimondo, will go towards construction of four facilities in Taylor, including one $17 billion chipmaking plant that Samsung announced in 2021, another factory, an advanced packaging facility and a research and development center, one of the sources said.

HUDCO) is looking to tap East Asian countries such as Singapore and Taiwan to raise funds this fiscal year after a similar successful exercise in Japan, chairman and managing director Sanjay Kulshrestha told ET. «Japan was the maiden attempt to raise funds via external commercial borrowing, and we have been received very well. There is a good arbitrage; we are getting funds at 6.5%-80-100 bps lesser than the domestic funds,» said Kulshreshta, noting that the company's fundraising may surpass its original aim. HUDCO was planning to raise $100 million from Japan but is confident of landing nearly double that amount. Kulshreshta, who took charge of HUDCO last year, said the company may even tap the US market after the Fed initiates rate cuts.

Treasury Secretary Janet Yellen says the Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs

Japanese Prime Minister Fumio Kishida visited a new semiconductor plant for which his government has pledged more than $7 billion of support to secure a steady supply of chips

₹401 trillion milestone. Meanwhile, the National Stock Exchange of India (NSE) declared that it will remain shut on May 20 on account of voting for the Lok Sabha Election 2024 in Mumbai. In another news, the Congress moved the Election Commission of India with six complaints, two of which were directed against Prime Minister Narendra Modi.