Taiwan Financial News

TAIPEI (Reuters) — Taiwan's trade-based economy is expected to grow at a faster clip in 2024 than previously forecast, as export demand for the island's high-tech products begins to recover, the statistics office said on Thursday.

Tata Sons chairman N Chandrasekaran said on Wednesday that the conglomerate will announce its semiconductor chip fab «very soon,» and «it will be a very big investment.» The conglomerate has taken bets for the future — be it Air India or its electronics and semiconductor play, Chandrasekaran said while delivering the 20th Anantharamakrishnan memorial lecture on «India's Leadership in a Pivotal Decade» after being conferred with the MMA-Amalgamations Business Leadership Award 2023. He did not elaborate on plans for the semiconductor fab unit. ET had reported last week that the Tata group could be exploring partnerships with either one of two major Taiwanese chipmakers — Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group — for its proposed chip fabrication plant at Dholera in Gujarat.

Tech Mahindra on Wednesday said it has signed a Memorandum of Understanding (MoU) at the Mobile World Congress (MWC) 2024 with Taiwanese electronics manufacturing major Pegatron to develop private 5G solutions for global enterprises. The company said the partnership between the organizations would explore «mutually beneficial opportunities» in the fast-growing private 5G space. It said it will leverage purpose-built private 5G product portfolio marketed under Pegatron's 5G business unit, coupled with Tech Mahindra's work in large-scale 5G transformations, to provide end-to-end 5G for Enterprise (5G4E) solutions for global enterprises and manufacturing customers.

AP report. Since the 16th century, leap years was an invention of the Gregorian calendar, to address a discrepancy in the solar year. Bearing in mind it takes around 365.2422 days each year for the Earth to revolve around the sun, the extra snippet (around six hours a year) adds up over time.

By David Morgan

By Patricia Zengerle

American tariffs of over 60% on Chinese imports? “Add even more," rages one online commentator in the mainland. “I’d be curious to see how ordinary Americans would live." Others think Mr Trump would increase the odds of a war. The world will “never be at peace" with him around, reckons another netizen.

chips race, now has to evaluate $21 billion of semiconductor proposals and divvy up taxpayer support between foreign chipmakers, local champions or some combination of the two. Israel’s Tower Semiconductor Ltd. is proposing a $9 billion plant, while India’s Tata Group has put forward an $8 billion chip fabrication unit, people familiar matter said. Both projects would be in Prime Minister Narendra Modi’s home state of Gujarat, the people said, declining to be named as the matter is not public. Semiconductors have grown into a key geopolitical battleground, with the US, Japan and China investing heavily in developing domestic capabilities. Modi’s push to turn India into a global manufacturing hub also includes luring international chipmakers to the country — a bid to catch up in the sector to save money on expensive imports and enhance a growing smartphone assembly industry.

Nippon India Mutual Fund has decided suspension of subscription in its four schemes. The fund house informed about this to its unitholder through a notice-cum-addendum. The changes will be effective from February 26. The fund house informed that the lumpsum subscription, switch-ins and fresh registration of SIP/STP or such other special products under its overseas funds are being suspended temporarily.

WASHINGTON (Reuters) — President Joe Biden plans to meet with congressional leaders Tuesday to discuss funding the government as a partial shutdown deadline looms on Friday, the White House announced Sunday.

Acer, known for its laptops and PCs, is expanding into home electronics, with plans to manufacture and export appliances such as water and air purifiers, refrigerators and vacuum cleaners from India, a market that last year became the Taiwanese IT hardware major's second largest for its global operations after the US. Harish Kohli, managing director, Acer India, told ET that the company is already on track to meet the targets for the first year of the revised production-linked incentive (PLI) scheme that started from April 2023 on the back of strong shipments in the commercial space and exports. Under plans to diversify its business in one of the only markets that saw growth-revenue rose 19-20% on-year-in 2023, Kohli said a company named AcerPure is being formed under which the laptop-maker will be selling consumer appliances. AcerPure «will get registered in the next couple of weeks in India and we are going to be a very strong player».

Chip giant Taiwan Semiconductor Manufacturing Co. has opened in an official ceremony its first semiconductor plant in Japan as part of its ongoing global expansion

TSMC's new chip plant in Japan will boost the resilience of global supplies of the crucial hardware, the Taiwanese giant's founder Morris Chang said Saturday at an opening ceremony. The factory in the southern Japanese island of Kyushu «will, I believe, improve the resiliency of chip supply for Japan and for the world,» the 92-year-old said in a rare public appearance.

hacking group has exposed extensive cyber intrusions conducted by Beijing's intelligence and military entities against foreign governments, companies, and infrastructure. According to a report by The Washington Post, the leaked cache, comprising over 570 files, images, and chat logs, provides a rare insight into the operations of a firm hired by Chinese government agencies for on-demand, mass data-collecting operations. The files, posted on GitHub last week, reveal contracts spanning eight years aimed at extracting foreign data. The targets include at least 20 foreign governments and territories, such as India, Hong Kong, Thailand, South Korea, the United Kingdom, Taiwan, and Malaysia.

China aims to «contain» foreign interference over Taiwan and «resolutely combat» any efforts towards the island's formal independence this year, which is the sensitive 75th anniversary of the founding of communist China, state media said on Friday. China views democratically ruled Taiwan as its own territory, ignoring the objections of the government in Taipei, and has ramped up political and military pressure to assert those claims. Taiwan last month elected current Vice President Lai Ching-te as its next president, a man Beijing has called a dangerous separatist. Lai, who takes office in May, has repeatedly offered talks with China but has been rebuffed.

Investing.com-- Most Asian stocks rose on Friday and were set for a positive week as optimism over artificial intelligence drove stellar gains in the technology sector, while Chinese stocks extended a rebound into a second week.

By Sam Nussey and Miho Uranaka

Chinese police are investigating an unauthorized and highly unusual online dump of documents from a private security contractor linked to China’s top policing agency and other parts of its government

Investing.com -- Nvidia's revenue skyrockets above Wall Street projections in the fourth quarter, sending shares in the artificial intelligence chipmaking giant's soaring in extended trading. Elsewhere, minutes from the Federal Reserve's January meeting show that officials at the U.S. central bank were wary about cutting interest rates too soon.

Tata Investment Corporation rallied 7% to hit a new 52-week high of Rs 6,958.5 in Thursday's trade on BSE. The stock has also zoomed 33% in the last eight days. The stock has been on the rise since the beginning of February following reports that the government has received nine bids from companies including Tata Group and Tower Semiconductor for the overhaul of its Semiconductor Laboratory (SCL) in Mohali.

Investing.com-- Shares of major Asian semiconductor companies surged on Thursday, tracking aftermarket gains in Nvidia after the chipmaker’s consensus-beating earnings and guidance fueled more hype over an AI-driven demand boom.