Taiwan Financial News

China released its latest standard map of the People's Republic of China. Which is like someone putting up one's DP on social media. And, as if on cue, the Republic of India — after all, whose republic is it anyway if not the people's? — is fumious (fuming + furious in a very diplomatic way).

U.S. Commerce Secretary Gina Raimondo says she rebuffed an appeal by Chinese leaders to reduce U.S. export controls on technology with possible military uses

Arunachal Pradesh which China claims as South Tibet and Aksai Chin occupied by it in the 1962 war as part of its territory. Taiwan and the disputed South China Sea are also included within the Chinese territory in the new map. Later in the day the External affairs ministry of India said that it strongly opposed the move by China.

Meta on Tuesday said it purged thousands of Facebook accounts that were part of a widespread online Chinese spam operation trying to covertly boost China and criticize the West. The campaign, which became known as «Spamouflage», was active across more than 50 platforms and forums including Facebook, Instagram, TikTok, YouTube and X, formerly known as Twitter, according to a Meta threat report. «We assess that it's the largest, though unsuccessful, and most prolific covert influence operation that we know of in the world today,» said Meta Global Threat Intelligence Lead Ben Nimmo. «And we've been able to link Spamouflage to individuals associated with Chinese law enforcement.» More that 7,700 Facebook accounts along with 15 Instagram accounts were jettisoned in what Meta described as the biggest ever single takedown action at the tech giant's platforms. «For the first time we've been able to tie these many clusters together to confirm that they all go to one operation,» Nimmo said. The network typically posted praise for China and its Xinjiang province and criticisms of the United States, Western foreign policies, and critics of the Chinese government including journalists and researchers, the Meta report says. The operation originated in China and its targets included Taiwan, the United States, Australia, Britain, Japan, and global Chinese-speaking audiences. Facebook or Instagram accounts or pages identified as part of the «large and prolific covert influence operation» were taken down for violating Meta rules against coordinated deceptive behavior on its platforms. Meta's team said the network seemed to garner scant engagement, with viewer comments tending to point out bogus claims. Clusters of fake accounts were run

By Ben Blanchard and Yimou Lee

Nvidia's strong quarterly report last week have left the world's most valuable chipmaker trading at its lowest forward earnings multiple in eight months. Nvidia's stock added nearly 2% to $468 on Monday, leaving it down almost 1% since last Wednesday, when the Santa Clara, California company far exceeded expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. At that price, Nvidia shares are trading at the equivalent of around 33 times expected earnings over the next 12 months, according to Refinitiv data.

(Reuters) — Lordstown Motors is formulating a debt repayment plan and is hopeful that it will find buyers in Chapter 11 for all or parts of its business, Bloomberg News reported, citing the electric truck manufacturer's attorney Thomas Lauria.

Terry Gou, the founder of Apple supplier Foxconn, plans to run as an independent in Taiwan's presidential election next year, ending months of speculation

China will no longer require a negative COVID-19 test result for incoming travelers, a milestone in its reopening to the rest of the world after an isolation that began with the country's borders closing in 2020

During a discussion in which Taiwan's Digital Minister Audrey Tang, Matters' co-founder and current CEO Zhang Jieping, and Ethereum's co-founder Vitalik Buterin participated, an unexpected finding was made.

Terry Gou, who founded Apple supplier Foxconn, has announced that he will run as an independent candidate in Taiwan's presidential election, scheduled to take place in September this year. Gou pledged to fix ties with China and added, "I will definitely not allow Taiwan to become the next Ukraine". Gou criticised the ruling Democratic Progressive Party, saying its policies have “brought Taiwan into the risk of war" with China.

Taiwan's Financial Supervisory Commission (FSC) has drafted a set of guidelines to regulate virtual asset platforms, according to information obtained by Abmedia News. The draft, which is not yet finalized, consists of thirteen principles and related appendices. The guidelines are expected to be announced in September 2023.

₹1.97 trillion production-linked incentive (PLI) scheme. On the face of it, the PLI scheme has nothing to do with tweaking tariffs. It is focused on incentivizing companies to increase domestic production across 14 sectors, rather than manufacture products outside India.

Taiwan's defence ministry said Saturday that China sent dozens of aircraft and vessels toward the island, just days after the United States approved $500-million arms sale to Taiwan. The defence ministry said in a statement that 32 aircraft from the People's Liberation Army and nine vessels from the navy were detected in the 24 hours between 6 am Friday and 6 am Saturday. Of these, 20 aircraft either crossed the median line of the Taiwan Strait or breached Taiwan's air defense identification zone. In response, Taiwan tasked its own aircraft, vessels and missile systems to respond to the activities, the defense military said. China sees self-ruled Taiwan as a renegade province to be taken by force if necessary.

Taiwan's defence ministry said on Saturday morning that over the past 24 hours it had detected 20 Chinese air force planes entering the island's air defence zone. That included fighter jets and drones that crossed the median line of the Taiwan Strait, previously an unofficial barrier between the two sides but which over the past year Chinese aircraft have routinely crossed.

Taiwan’s vice president and front-runner in upcoming presidential elections has accused China of employing unfair trade practices that could be used to influence the voting

Flax Typhoon" has targeted dozens of Taiwanese government agencies with the likely aim of spying on them, Microsoft has revealed.Taiwan has long accused China — which claims the self-ruled island as its territory — of espionage through cyberattacks on its government networks. Microsoft said Thursday that Flax Typhoon, «a nation-state actor based out of China», has since mid-2021 mainly «targeted government agencies and education, critical manufacturing, and information technology organizations in Taiwan». The activities observed suggest «the threat actor intends to perform espionage and maintain access to organizations across a broad range of industries for as long as possible,» the US tech giant said in a blog post. «However, Microsoft has not observed Flax Typhoon act on final objectives in this campaign.» China has long vowed to take Taiwan — by force if necessary — and has stepped up military and political pressure on the island. In addition to government agencies, Microsoft said Flax Typhoon has also targeted «critical manufacturing and information technology organizations in Taiwan». The firm said outside of Taiwan, there were some Flax Typhoon «victims» in Southeast Asia, North America and Africa. Last month, Microsoft said China-based hackers seeking intelligence had breached the email accounts of a number of US government agencies. That hacking group — which Microsoft called Storm-0558 — primarily focuses on «espionage, data theft, and credential access». The company also warned this year that state-sponsored Chinese hackers had infiltrated critical US infrastructure networks, saying this was likely aimed at hampering the United States during a conflict. Microsoft made particular mention of Guam, a US Pacific

Indiabulls Housing Finance has repaid ₹2,232 crore of external commercial borrowings (ECBs) raised in 2018 from Barclays, Japan's MUFG and Sumitomo Mitsui Banking Corp, Taiwan's CTBC and Australia and New Zealand Banking Group (ANZ), bringing to an end a deleveraging process the company started after IL&FS had foundered in 2018. Chief executive Gagan Banga said with the repayment on Thursday, the company has repaid all of its $3 billion foreign currency borrowings availed of in the last few years and will now shift focus to growing its assets under management (AUM). «From here on our debt repayments are merely ₹400 crore to ₹700 crore a month. This will be more than comfortably covered by repayment from the loan portfolio.

Reuters citing data from analytics firm S3 Partners. According to the report, S3 Partners said that bearish bets on the world’s largest chipmaker, have cost investors $11.36 billion in paper losses so far this year, neck-to-neck with Tesla as the worst performing short bet. Shares of Nvidia rose 7.4% at $506.30 before the opening bell on Thursday.

Check out the companies making headlines in the premarket.

reliance on imported chips and strengthen domestic manufacturing to better compete with China. Meeting those goals will hinge not only on drawing the world’s biggest chip manufacturers to the U.S., but also recruiting and developing the technical expertise to build and operate the new plants. In Arizona, however, construction has been delayed by a shortage of skilled workers, TSMC says, and it is seeking to bring in workers from Taiwan to get construction back on track.