Taiwan Financial News

Investing.com-- The S&P 500 closed higher Wednesday, as the rally in tech returned following weakness a day earlier after Federal Reserve Chair Jerome Powell reinforced expectations that interest rate cuts were coming later in the year.

We have entered a period of intensifying geopolitical rivalries and conflicts. Russia’s war on Ukraine is now in its third year; the Israel-Hamas conflict could still become a regional war; and the deepening Cold War between the US and China may yet turn hot over Taiwan later this decade. If Donald Trump wins the US presidential election in November, the world will be even further destabilized.

The Justice Department says a former software engineer at Google has been charged with stealing artificial intelligence technology from the company while secretly working with two companies based in China

By Stephen Nellis and Max A. Cherney

China has announced a 7.2% increase in its defence budget, crossing $230 billion, exceeding three times India's military expenditure. This rise comes despite a slowdown in China's economic growth and its refusal to de-escalate tensions along the Line of Actual Control (LAC) with India. Strategic Intent and Military Modernisation China's two-million-strong armed forces are rapidly modernizing to deter the US from interference, especially in Taiwan. Recent moves include strengthening conventional military and nuclear forces and strategic moves in the Indian Ocean Region (IOR), including a military assistance pact with the Maldives.

Investing.com-- Shares of Apple Inc's (NASDAQ:AAPL) Asian suppliers fell on Wednesday, tracking an overnight slump in the tech giant after media reports showed Chinese sales of its flagship iPhone tumbled in the beginning of 2024.

Union Cabinet cleared the proposals entailing investments of $15.14 billion, officials told ET. The projects include an $11 billion semiconductor fab facility, the country's first, to be built by the Tata Group in at Dholera in Gujarat. The other unit proposed by the conglomerate involves a Rs 27,000 crore chip assembly, testing, marking and packaging facility at Morigaon in Assam. Murugappa Group's CG Power will be setting up a chip assembly facility at Sanand in Gujarat at a cost of Rs 7,600 crore.

China reiterated a call for "reunification" with Taiwan, but added emphasis that it wants to "be firm" in doing so and dropped the descriptor "peaceful", which had been used in previous reports. Although it is not the first time that China had omitted the word "peaceful", the change in language is closely watched as a possible sign of a more assertive stance towards Taiwan. China has been increasing its military budget, and it has been more than doubled under President Xi Jinping's 11 years in office, Reuters reported.

China is increasing its defense budget by 7.2% this year, similar to last year's rise

China’s Premier Li Qiang promoted an image of confidence as he announced modest economic growth goals for the country at one of its most important political gatherings

The Financial Supervisory Commission (FSC) of Taiwan has announced its intention to propose a new draft of digital asset regulations for the country in September 2024.

Taiwan Foreign ministry on Monday said that the Taiwan will welcome any Indian worker who meets conditions for recruitment and satisfies industry demand, regardless of their ethnic background. Following the signing of an MOU on labour force cooperation between the two countries on February 16, the ministry stated that the qualified workers will be treated fairly. «Taiwan will welcome any Indian worker who meets conditions for recruitment and satisfies industry demand, regardless of their ethnic background. Qualified workers will be treated fairly and accorded due protection under Taiwanese law,» the statement said.

₹8,428 per share on March 4, against previous close at ₹8,027 on March 1. In fact, Tata Investment shares rose as much as 18 percent in the last five trading sessions on NSE. The Tata Group's non-banking financial company surged after Union Cabinet approved two semiconductor plant proposals by the Tata Group last week.

U.S. officials across the political spectrum have described Chinese corporate theft as a defining threat of our times. A Justice Department loss last week underscores the challenges in addressing it.

Tata Electronics will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC), Taiwan. This unit will be constructed in Dholera, Gujarat. The plant will attract Rs 91,000 crore investment.

₹1.5 trillion providing the building blocks for the critical semiconductor value chain of design, fabrication, assembly, testing, marking and packaging. Key among these proposals is the partnership between Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Corporation for a ₹91,000-crore fabrication plant with a capacity of 50,000 wafer starts per month. This chip capacity will grant traction at last to India’s long-standing quest for self-sufficiency in semiconductors, or near freedom from reliance on overseas suppliers.

Taiwan's foreign ministry strongly criticized China's response to an interview featuring Taiwan's Foreign Minister Joseph Wu with an Indian media outlet, asserting that “we are not puppets of the People's Republic of China." Earlier on Saturday, the Chinese embassy in India expressed concern regarding an Indian media channel's interview with Taiwan Foreign Minister Joseph Wu, accusing it of allowing him to promote ‘Taiwan independence.’ The Chinese embassy issued a statement condemning certain Indian TV channels for airing an interview with Taiwan's Foreign Minister Joseph Wu on February 29, 2024. The embassy criticized the interview, and said, “Taiwan's foreign affairs office Joseph Wu, which provided a platform for him to advocate 'Taiwan independence' and disseminate false information.

semiconductor chip, that is used within the Bluetooth and Wi-Fi component of your phone, could’ve crossed international borders as many as 70 times before it reached you. And this entire process can take up to 100 days, 12 of which are spent in transit between various supply chain steps. And this is just one tiny component that makes up the lifeline of the digital world. Components are as critical as the final device. But most of the components currently come from countries such as Taiwan, China, South Korea and the US. This is going to change soon, however.

NEW DELHI : Chipmaker Qualcomm Technologies has entered into a partnership with government-backed Centre for Development of Telematics (C-DOT) to support India-based developers and startups working on innovative products and use cases. The pact, signed at the Mobile World Congress 2024 in Barcelona, Spain, will support C-DOT with expertise and best practices, state-of-the-art technology, intellectual property training and tools, according to a release.

export violations including Chinese employees in China improperly downloading documents related to U.S. Defense Department programs.

Tata Electronics’ proposal to set up a semiconductor chip fabrication unit in India, making it the country’s first pure-play foundry. The Rs 91,000-crore project will be set up in Gujarat’s Dholera district in partnership with Taiwanese Powerchip Semiconductor Manufacturing Corp (PSMC), Union communications and IT minister Ashwini Vaishnaw said in a press briefing on Thursday.