Taiwan Financial News

India can be a trusted supply chain partner of Taiwan, which leads in hi-tech manufacturing in the Asian region, remarked Edison Hsu, Director, Taipei World Trade Center Liaison Office in Mumbai at an interactive meeting organized for an in-bound Taiwan Trade Mission at WTC Mumbai. Notably, India ranks as Taiwan’s 14th largest export destination and 18th largest source of imports. Bilateral trade between the two countries totaled US$8.45 billion in 2022, representing an increase of 9.8% over the previous year.

Hindustan Times. He also highlighted that Taiwan plays a crucial role in the manufacturing of semiconductors, and foresaw the devastating effects a war in the Taiwan Straits would have on the world economy, the HT report said, adding that the semiconductor supply chain is controlled by a few dominant companies. In July this year, Indian and Japanese officials held discussions in New Delhi, exploring potential collaboration in crucial areas such as semiconductors and establishing robust supply chains.

FOX Business’ Lydia Hu discusses the Reshoring Initiatives efforts to encourage companies to return manufacturing to the U.S. 

Reuters that China could use the transit visit as an excuse to launch military drills near Taiwan next week. It also wants to use the stopovers as a pretext for intimidating voters ahead of elections in January next year.

FIT Hon Teng's (Foxconn) board approved a $400-million investment in Telangana, Foxconn India representative V Lee said in a LinkedIn post. This is in addition to an earlier commitment of $150 million Foxconn had made in the state. «FIT Singapore intends to inject a capital sum of $400,000,000 into Chang Yi Interconnect Technology (India) Pvt Ltd, in which FIT Singapore holds 99.99% of the capital stock,» FIT Hon Teng said in a filing to the Hong Kong Stock Exchange on Friday that was posted by Lee.

Taiwan Vice President William Lai arrived in New York on Saturday at the start of a sensitive U.S. stopover, which China has condemned and Taiwanese officials fear could prompt more Chinese military activity around the democratically governed island. Lai, the front-runner to become Taiwan's president in elections in January, is officially making only transit stops in the United States on his way to and from Paraguay for the swearing in of its president next week.

Binance, the global leader in cryptocurrency exchange by trading volume, has submitted an application for registration in Taiwan according to the Money Laundering Control Act and the Financial Supervisory Commission (FSC).

Taiwan Vice President William Lai left on Saturday for a sensitive trip to the United States, which China has condemned and Taiwanese officials fear could prompt more Chinese military activity around the democratically governed island. Lai, the front-runner to become Taiwan's president in elections in January, is officially making only transit stops in the United States on his way to and from Paraguay for the swearing in of its president. Taipei and Washington say such stopovers are routine and no cause for China to take «provocative» actions, but Beijing has reacted with anger at what it sees as a further sign of U.S. support for Taiwan, which it claims as sovereign Chinese territory. China is likely to launch military drills next week near Taiwan, using Lai's stopovers in the United States as a pretext to intimidate voters ahead of a next year's election and make them «fear war», Taiwanese officials say. Lai, speaking to reporters at Taiwan's main international airport at Taoyuan, made only fleeting mention of the U.S. part of his trip, simply noting he was going to New York first.

Taiwan-based Foxconn has revealed plans to increase their investment in India by ‘another $400 million’. Apple's biggest supplier is likely to use its upcoming Kongarkalan facility for the manufacture of AirPods and other digital accesories. The company had laid the foundation for a new electronics manufacturing facility in May this year as part of its USD 500 million investment in Karnataka "…FIT Singapore's proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private Limited, which is held by FIT Singapore as to 99.99 per cent of the capital stock," FIT Hon Teng informed the Hong Kong Stock Exchange on Friday.

Telangana, V Lee, Foxconn India representative said in a social media post. Taiwan-based contract manufacturer Foxconn is Apple's biggest supplier. "...FIT Singapore's proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private Limited, which is held by FIT Singapore as to 99.99 per cent of the capital stock," FIT Hon Teng informed the Hong Kong Stock Exchange on Friday.

SoftBank Group-owned chip designer Arm is getting investment interest from several major tech firms for what is expected to be one of this year's biggest initial public offerings. Arm has been in talks with about 10 companies, including Amazon.com, Intel, Alphabet and Nvidia, about investments ahead of its IPO.

Sen. Josh Hawley, R-Mo., discusses the trade war with China and Democrats' 'ideological commitment.'

(Reuters) — SoftBank Group-owned chip designer Arm is getting investment interest from several major tech firms for what is expected to be one of this year's biggest initial public offerings.

Binance, the world’s leading crypto exchange by trading volume, has reportedly applied to be registered in Taiwan under the Money Laundering Control Act and the Financial Supervisory Commission (FSC).

The new boss of the company behind Ardmona canned tomatoes and Goulburn Valley fruit wants regulators to toughen up country-of-origin labelling so homegrown products can better compete with cheap imports that may have been made with poor labour practices.

NEW DELHI: : India and Taiwan are working on a migration and mobility agreement for greater collaboration and movement of skilled professionals between their technology industries, a person aware of the matter said. An agreement may also cover sectors like agriculture and manufacturing. Taiwan’s skills in semiconductor manufacturing and advanced technologies could fit well with India’s large pool of technology talent.

A17 Bionic chip. According to GSM Arena, noted tipster @URedditor has shared insights that reveal the chip's architecture. The A17 chip is expected to possess a remarkable composition, with six CPU cores and six GPU cores. This signifies a notable leap from its predecessor, the A16 Bionic, which had five GPU cores. This boost in core count promises significant performance enhancements, ensuring a seamless user experience across a variety of applications. It doesn't stop there. The A17 Bionic chip is reported to operate at a maximum clock speed of 3.70 GHz, reinforcing its potential as a powerhouse for computational tasks and graphics-intensive activities. Notably, this chip is anticipated to be manufactured using the cutting-edge 3nm process by Taiwan Semiconductor Manufacturing Company (TSMC).

Foxconn, the world’s largest contract manufacturer. This year the Taiwanese giant has built or expanded factories in India, Mexico, Thailand and Vietnam. The Chinese production sites once beloved by Western companies are firmly out of fashion.

PLA) and government have made clear. Although Chairman Xi Jinping has not given any explanation, the replacement of the top two generals of the PLA Rocket Force (PLARF) and the disappearance of Foreign Minister Qin Gang follow a well-worn pattern of corruption charges in China. Qin's last public appearance was on 25 June, and Xi officially removed him from office by a decree signed on 25 July.

India is on course to displace Taiwan as the second most-weighted emerging market in the MSCI EM Index. The export-oriented Chinese and Taiwanese economies are facing the effects of a global trade slowdown, which in India's case is cushioned by domestic consumption. This widens the funnel for foreign investment in Indian equities through higher allocations by passive funds.

Taiwan Semiconductor Manufacturing Co. will build its first European chip factory with support from the German government, the latest move to make the continent less dependent on high-tech imports out of Asia. TSMC said it had approved a $3.8 billion investment in the factory in Germany, with total investments in the plant expected to exceed 10 billion euros, equivalent to $11 billion, including government support.