Taiwan Financial News

NEW DELHI : Tata Group aims to begin commercial production from India’s first semiconductor fabrication unit by 2026, an aggressive timeline considering the country’s long wait to become self-reliant in chips that power technology ranging from smartphones to defence systems. Tata Electronics Pvt. Ltd’s plant in Assam will begin with producing semiconductor chips starting at 28 nanometres, said N.

Vedanta-Foxconn joint venture, is expected to have an investment of around $20 billion. In a significant boost to India's efforts to establish a robust semiconductor ecosystem, Prime Minister Narendra Modi on Wednesday laid the foundation stones for three new chip manufacturing plants, two in Gujarat and one in Assam. The event, titled 'India's Techade: Chips for Viksit Bharat,' marked a milestone in the country's endeavour to ramp up its semiconductor industry.

Investing.com-- Most Asian stocks rose slightly on Wednesday as major technology shares tracked a rally in their Wall Street peers, although overall gains were limited as hot U.S. inflation factored into a higher-for-longer outlook for interest rates.

By Faith Hung and Liang-sa Loh

semiconductor chip from the new plant being set up by the Tata Group and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) in Gujarat’s Dholera, will be ready to roll out by the end of 2026, according to Frank Huang, chairman of PSMC. Speaking exclusively to ET ahead of the ground-breaking ceremony for the $11 billion project that is scheduled for Wednesday, Huang said the contours of the JV with the Tatas are yet to be finalised. “At the moment we have decided to work out the technology transfer. Later we can talk about investment,” the 74-year-old said. PSMC is a maker of memory chips that also provides foundry services to its customers.

WASHINGTON (Reuters) — U.S. Senate Republican leader Mitch McConnell on Tuesday urged House of Representatives Speaker Mike Johnson to hold a vote on a $95 billion security assistance package for Ukraine, Israel and Taiwan.

By Trevor Hunnicutt and David Lawder

The script at China’s National People’s Congress is pre-determined months before the event, but there had been speculation this week that Beijing might name a new foreign minister. Instead, it seems senior diplomat Wang Yi will continue in the role. The world’s second-largest economy has missed a trick.

₹76,000 crore, as it expects a mushrooming of chip fabs and testing units in the country in the years ahead. India will emerge as one of the top five semiconductor ecosystems in world in the coming five years, IT minister Ashwini Vaishnaw said in an interview. This will be backed by investments by global majors that are increasingly considering India for setting up fabrication or other units, the minister said.

India will soon start making equipment for semiconductor manufacturing, Union telecom and IT minister Ashwini Vaishnaw said on Saturday. «The entire semiconductor ecosystem of fabs, ATMP units, chemicals, gases, substrate, consumables and equipment for semiconductor manufacturing will be made in India,» he said. He was speaking at the inauguration of American chip equipment supplier Applied Materials' India Validation Centre in Bengaluru which was set up at a cost of $20 million.

India will soon start making equipment for semiconductor manufacturing, IT minister Ashwini Vaishnaw said on Saturday. “The entire semiconductor ecosystem of fabs, ATMP units, chemicals, gases, substrate, consumables and equipment for semiconductor manufacturing will be made in India,” he said. He was speaking at the inauguration of American chip equipment supplier Applied Materials’ India Validation Centre in Bengaluru which was set up at a cost of $20 million.

Jaishankar on Friday stressed the need for global stability, suggesting that the last thing that the world needs to see is «any kind of disturbance», a statement that came amid increasing tensions in the Taiwan Strait in the wake of growing Chinese aggression, Jaishankar's remarks came in response to a question during an interaction at the Nikkei Forum in Japan. He was in Tokyo on a three-day visit. Explaining India's response to a Taiwan contingency as a partner of Japan, Jaishankar said, «Today, the state of the world is very disturbed. We are seeing conflicts. We saw Covid. There are very big economic issues which are below the surface. The last thing that the world needs to see is any kind of disturbance, you know, at this moment. How to strengthen the stability and the growth and development of the world should be a common objective.»

Indian Semiconductor Mission or ISM scheme, from the current ₹ 76,000 crore, following the growing popularity worldwide. “We can increase funding when the ISM scheme gets exhausted. If we have to bring more fabs in the country, then we may need more money, and may have to bring in more funds to this focus area,” S Krishnan, Secretary MeitY told ET. The top official further said that in the next 2 to 3 years, the government would try to have 2-3 more semiconductor fabrication (fab) units in the country.

China has reported large increases in arrests and cases of phone and internet scams last year, as leaders showcase the ruling Communist Party's determination to safeguard national security and public order

China's unfair economic practice, standing up for peace and stability across the Taiwan Strait and revitalising its partnership with nations like India, US President Joe Biden has said. In his last State of the Union address before the November election, Biden said the US wants competition with China, but not conflict. Biden on Thursday told Americans that the country is in a stronger position to win the competition for the 21st Century against Beijing.

When China launched the Yaogan-41 satellite into space late last year, it travelled further than most such objects. Reconnaissance satellites tend to sit in low-Earth orbit (LEO), whizzing around the planet between 11 and 16 times a day (see chart 1). But Yaogan-41 headed for higher ground, some 36,000km from the Earth.

sovereign debt nears inclusion in global bond indices, a diverse pool of international investors, ranging from long-term institutional funds in Japan, S Korea and Taiwan to exchange-traded funds in Europe, are setting their sights on the domestic bond market. «We have witnessed an influx of clients coming to India over the last few months. Besides the major financial hubs, clients from other countries like Japan, Korea and Taiwan have also expressed significant interest,» said Anita Mishra, Head of Markets and Securities Services, HSBC India.

Deloitte has recently predicted a significant 13% growth in the production of vital chips across various industries this year.

China and the Maldives have signed an agreement paving the way for greater Chinese military assistance to Male. While the details of the agreement are remain unclear, The agreement, details of which are still unclear, follow a string of decisions in recent months by president Mohamed Muizzu’s government to reduce his country’s reliance on India. Mint takes a look.

BEIJING (Reuters) -China's export and import growth in the January-February period beat forecasts, suggesting global trade is turning a corner in an encouraging signal for policymakers as they try to shore up a stuttering economic recovery.

By Stella Qiu