Taiwan Financial News

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(Reuters) -Semiconductor equipment maker Applied Materials (NASDAQ:AMAT) on Thursday forecast fourth-quarter results above market estimates on strong demand from chipmakers setting up new plants.

By David Lawder

Mint earlier reported that a migration pact is being planned with Taiwan. In addition, India also maintains a Specified Skilled Workers (SSW) scheme with Japan to allow workers to migrate in 14 fields including nursing, manufacturing, construction, shipbuilding, fisheries and automobile maintenance.

By Laurie Chen and Yew Lun Tian

Japan suffered a trade deficit last month as exports sank for the first time in two years and five months, dragged down by a slowdown overseas

William Lai for making stopovers in the United States calling him a «troublemaker», China’s Defence Minister Li Shangfu on Tuesday cautioned against “playing with fire” when it comes to Taiwan, Chinese Defence Ministry reported. In an apparent attack at the US, Li cautioned any attempts to “use Taiwan to contain China,” and said it would “surely end in failure,” China's defence Ministry said in a statement and Xinhua news Agency quoted.

iPhone 15 in India, people familiar with the matter said. The latest iteration of Apple's most popular product, due to be launched globally next month, will be manufactured in India by the Taiwanese company just a few weeks after production starts in China, the country where majority of Apple's products are made. Two industry executives in the know said Foxconn's facility in Sriperumbudur, Tamil Nadu, has started the 'new product introduction' (NPI) process for the upcoming iPhone 15, with mass production set to begin closer to the launch date.

By Jaspreet Singh and Max A. Cherney

Intel Corp scrapped its $5.4 billion deal to buy Israeli contract chipmaker Tower Semiconductor Ltd after their merger agreement expired without regulatory approval from China. US-listed shares of the Israeli company fell about 11% in premarket trading. Intel, which had decided to buy Tower last year, will pay a termination fee of $353 million to the latter, the company said in a statement.

Indian Air Force (IAF) will host a mega multilateral military exercise next year that was originally planned for October. The exercise, 'Tarang Shakti', is likely to be held in the middle of 2024 as a number of participating air forces conveyed to the IAF that they will not be able to join the wargame if it is held this year, sources in the defence and military establishment said on Wednesday. The exercise is expected to witness participation of around 12 air forces and the focus of the wargame will be to improve military cooperation and enhance interoperability, they said. It will be the biggest air exercise being organised in India. It is learnt that air forces of France, the UK, Australia, the US and Japan would participate in the exercise.

Carnarvon Energy boss Adrian Cook said Australia is losing some of its hard-earned reputation as a reliable jurisdiction for oil and gas investment at the hands of policy tinkering by the Albanese government.

Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with the Israeli firm, the sources said.

investment bankers, private-equity investors and management consultants. “Markets don’t always work perfectly," said Todd Fisher, a former executive at private-equity firm KKR who leads the investment team of the Chips Program Office. “We are trying to correct a dislocation," Fisher said, because “other countries put their thumb on the scale." Presidents have long gone to Wall Street to fill top jobs, with Federal Reserve chairman Jay Powell and former Treasury Secretary Steven Mnuchin among the recent examples.

Singapore has added cooks from India to its list of permissible hires, widening its recruitment pool for certain job positions in the services and manufacturing sectors. Traditionally, employers in Singapore's services and manufacturing sectors have primarily sourced work permit holders from China, Malaysia, Hong Kong, Macau, South Korea, and Taiwan. The Ministry of Manpower has recently unveiled the application process for cooks in Indian restaurants in the city-state.

CHIPS Act passed last year will see the government dole out $50bn over the next half-decade. A baseline estimate from the Semiconductor Industry Association, a trade body, is that by 2030 America’s chip sector will face a shortage of 67,000 technicians, computer scientists and engineers, and about 1.4m such workers throughout the wider economy. Set this against the total of roughly 70,000 students who complete undergraduate degrees in engineering in America each year, and the scale of the deficit becomes apparent.

contract manufacturing Intel offers, the companies said on Monday. The deal includes intellectual property owned by Synopsys that is used as off-the-shelf components for chip designers aiming to speed the process.

The connection between Bitcoin and gold goes back to Bitcoin’s origin. While it is not mentioned in the Bitcoin white paper, Satoshi Nakamoto actually referred to gold’s rarity in a Bitcointalk forum post when introducing the first version of Bitcoin (BTC) in 2009. This was to emphasize the importance of a limited supply of 21 million coins.

Taiwanese music celebrity Jeffrey Huang, also known as “Machi Big Brother," has withdrawn a defamation lawsuit against internet sleuth ZachXBT.

Russia announced Monday that it had dispatched a MiG-29 fighter jet to «prevent a violation» of its border by a Norwegian military patrol aircraft over the Barents Sea. «As the Russian fighter approached, the foreign military plane made a U-turn away from the borders of the Russian Federation,» the Russian defence ministry said. «There was no violation of the border,» the statement added, identifying the Norwegian aircraft as a P-8A Poseidon patrol plane. The defence ministry said its flight was carried out in accordance with international rules, «without crossing air routes or making dangerous rapprochement.»NATO member Norway shares a land border with Russia as well as a maritime border in the Barents Sea.

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