Taiwan Financial News

Bloomberg has reported. His comments came in a forum which was held on X Spaces. In the forum, the discussions included opponents of a Senate bill that would provide further assistance for Ukraine to continue battling the full-scale Russian invasion that began two years ago.

defence ministry said it detected 14 Chinese air force planes operating around Taiwan and carrying out "joint combat readiness patrols" with Chinese warships on Wednesday. China, which views Taiwan as its own territory, has over the past four years regularly sent warplanes and warships into the skies and waters around the island as it seeks to assert sovereignty claims that the Taipei government rejects. Taiwan's defence ministry said that starting around 1 p.m. (0500 GMT) on Wednesday it had detected 14 Chinese aircraft including J-16 fighters and drones operating off northern and southwestern Taiwan.

Quiver Quantitative — The Democratic-controlled Senate's recent passage of a $95.3 billion aid package, heavily backed by President Biden, represents a significant moment in the United States' foreign policy landscape. This comprehensive package, earmarking substantial funds for key allies including Israel and Taiwan, showcases a concerted effort to assert a robust American presence on the global stage. However, as this legislative victory unfolds, it encounters a complex web of political challenges, particularly with the bill's forthcoming battle in the GOP-dominated House. Speaker Mike Johnson's call for modifications, potentially reviving border security debates, underscores the intricate balance between international support and domestic policy priorities.

By David Morgan

(Reuters) — GlobalFoundries (NASDAQ:GFS) forecast first-quarter results below Wall Street estimates on Tuesday, as the contract chipmaker faces competition from larger rivals while a supply glut persists in certain pockets of the semiconductor industry.

Asian shares are mostly rising in morning trading, as investors watched for the latest indicators on inflation

Asian shares have gained in morning trading, as investors awaited an update on U.S. consumer inflation that might help set the Federal Reserve's policy on interest rates

By Richard Cowan and Patricia Zengerle

OpenAI Chief Executive Sam Altman’s plan to reshape the global semiconductor industry envisions pouring vast sums into a challenge that is far more complicated than money. Manufacturing chips is enormously capital intensive. It is also one of the most intricately complex industries in the world with a history of sharp cyclical swings that have made companies wary of radical expansion.

Sensex gained 167.06 points, or 0.23%, to close at 71,595.49, while the Nifty 50 ended 64.55 points, or 0.3%, higher at 21,782.50. Analysts expect cautiousness to prevail and the market to consolidate in the near term amid key macro data and the last leg of Q3 results. Also Read: Week Ahead: Inflation data, Q3 results, global cues among key market triggers this week “The equity market remained volatile during last week, responding to events like the US Fed Policy announcement, and the RBI policy in quick succession.

Gold prices were flat on Monday in holiday-thinned trading, after falling last week on rising bond yields, while investors awaited remarks from U.S. Federal Reserve officials in a data-packed week. FUNDAMENTALS

kiwi dollars were subdued in holiday thinned trade on Monday, while traders looked ahead to a central bank speech in New Zealand that could make or break market bets for another hike given the huge shift in market pricing last week. Most of Asia including China, Hong Kong, Japan, South Korea, Singapore, Taiwan, Vietnam and Malaysia are closed for holidays.

Oil prices fell in early Asian trade on Monday after Israel said it had «concluded» a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East. Brent crude futures were down 43 cents, or 0.5%, at $81.76 a barrel, while U.S. West Texas Intermediate crude futures were 46 cents, or 0.6% lower, at $76.38 a barrel at 0135 GMT.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Li Auto and Enphase Energy, downgraded for GlobalFoundries, American Express, and Albemarle.

By David Morgan

Indian Express reported on Sunday. “Tower is looking to manufacture 65 nanometre and 40 nanometre chips in India which may be used in a number of sectors, including automotive and wearable electronics," said the report. In October 2023, minister of state for electronics and IT Rajeev Chandrasekhar had met with Tower Semiconductor’s chief executive officer (CEO) Russel C Ellwanger to discuss its partnership with India in the chip manufacturing space.

The Biden administration is announcing an investment of $5 billion in a public-private consortium aimed at supporting research and development in advanced computer chips

Taiwan's defence ministry said on Sunday it had detected eight Chinese balloons crossing the Taiwan Strait in the previous 24 hours, of which five flew across Taiwan, the second day in a row is has reported a large number of balloons. Taiwan, which China claims as its own territory despite the strong objections of the government in Taipei, has complained since December about the balloons, saying they are a threat to aviation safety and attempt at psychological warfare. In its daily report on Chinese military activities, Taiwan's defence ministry said it spotted the first balloon on Saturday morning and the last one mid-afternoon, having spotted the same number of balloons on Friday.

defence ministry said on Saturday it had detected eight Chinese balloons crossing the Taiwan Strait in the previous 24 hours, two of which flew across the island, in an uptick of activity at the start of the Lunar New Year holiday. Taiwan, which China claims as its own territory despite the strong objections of the government in Taipei, has complained since December about the balloons, saying they are a threat to aviation safety and attempt at psychological warfare.

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Thursday marked a momentous day for Arm Holdings (NASDAQ:ARM), as its stock saw an unprecedented rise of 48% in the wake of its much stronger-than-anticipated Q3 results and full-year revenue outlook hike.