Taiwan Financial News

01.08 / 07:55

UPS Action Pool Corning SPY country Warning Could economic indicators give an early warning of a war over Taiwan?

signs of a potential conflict. The most likely flashpoint is Taiwan, the self-governing island that China claims and America supports. Were China planning to invade Taiwan, its military preparations would be hard to hide.

01.08 / 02:27

Reuters Manufacturing CEO Apple Southern electronic Apple-supplier Foxconn to invest ₹4,100 crore for two factories in India

Foxconn Technology Group, the main supplier for Apple, has plans to invest nearly ( ₹4,100 crore) $500 million in the construction of two component factories in India, according to a report by Bloomberg News on July 31. The chosen location for these factories will be in the southern state of Karnataka. It is anticipated that at least one of these facilities will be dedicated to manufacturing Apple components, including those used in iPhones.

01.08 / 01:15

UPS Manufacturing CEO Mobile HON electronic 500 Foxconn eyes $500 million mobile accessories unit in Bengaluru

Foxconn may invest up to $500 million to set up a new unit near the Kempe Gowda international airport in Bengaluru to make smartphone accessories, multiple sources aware of the development told ET. The investment is likely to be done by Foxconn Industrial Internet (FII), a subsidiary of Foxconn. Earlier in the day, Foxconn Industrial Internet (FII), a subsidiary of Foxconn signed a memorandum of understanding with Guidance Tamil Nadu to establish a new manufacturing facility in Kancheepuram district for electronics components.

31.07 / 19:07

UPS MET Manufacturing Pool NXP country NXP Semiconductors willing to set up fab facility in India

NEW DELHI : NXP Semiconductors, founded as a division of Royal Philips NV, is open to setting up a fabrication unit in India, subject to the development of a suitable ecosystem in the country, said Hitesh Garg, vice-president and India country manager. “If there is an ecosystem developed here, we will support the ecosystem. We will make sure that we are doing the manufacturing of our chips which are possible to be done here in India," Garg said, reiterating views expressed by NXP chief executive officer Kurt Sievers, who was in India earlier this year and met Prime Minister Narendra Modi.

31.07 / 17:19

UPS Digital Manufacturing Racing Microchip country Success with chips will take much more effort

Data may or may not be ‘the new oil,’ but advanced microchips for digital devices are in geopolitical focus as the Indo-Pacific witnesses a contest of glares between China and the West over Taiwan, whose grip on the manufacture of these prized inputs has pushed both sides into a race for supply security. Globally, cutting-edge semiconductors are seen to underlie the current path of tech evolution. India’s effort to break into this field has faced setbacks like a proposed Foxconn-Vedanta venture coming apart, but Prime Minister Narendra Modi has signalled the government’s determination.

31.07 / 14:37

UPS Lowe's JPMorgan Qualcomm Qualcomm results may have 'upside relative to investor expectations' - JPMorgan

Investing.com — Qualcomm's (NASDAQ:QCOM) upcoming earnings this week could surprise relatively low investor expectations, according to JPMorgan analysts, citing recent returns from the U.S. chip designer's rivals.

31.07 / 12:27

Volkswagen Platform Software Biogen Shell PacWest reports Deal 4 big deal reports: Biogen shells out $7.3B for Reata Pharma

Investing.com — Here is your Pro Recap of 4 head-turning deal dispatches you may have missed last week: merger deals at Biogen/Reata Pharmaceuticals, Banc of California/PacWest, Maxlinear terminates merger with Silicon Motion, and Volkswagen acquires minority stake in XPeng.

31.07 / 11:19

Manufacturing Apple Monolithic show electronic Indian US biggest export destination for Indian smartphones in April-May: Government

India exported USD 2.43 billion worth of smartphones in April-May this fiscal, driven by a multifold jump in shipments to the US which emerged as the biggest destination for India-made devices, according to the government data. The smartphone exports to the US jumped multiple times to USD 812.49 million during the first two months of this fiscal as against USD 92.2 million in April-May 2022-23, the commerce ministry data showed. The US accounted for one-third of the shipments in value terms.

31.07 / 06:19

UPS Target Manufacturing show performer country Asia FX slips amid BOJ bond buying, weak China PMIs

Investing.com — Most Asian currencies fell on Monday, with the Japanese yen coming under pressure from an unscheduled bond buying operation by the Bank of Japan, while the Chinese yuan was hit by weak business activity data.

31.07 / 06:13

Career PINK film country star audience pop 'Barbenheimer' creates box-office magic! Nolan's 'Oppenheimer' crosses $400 mn, 'Barbie' collects a staggering $774 mn worldwide

Both Hollywood tentpoles were primed for one of history's most epic box-office showdowns. However, surprisingly, both movies have managed to pass the box-office test with flying colours!

31.07 / 02:53

UPS Progressive Waters Action track China: US aid to Taiwan won't stop reunifiction bid

Taiwan into an «ammunition depot» after the White House announced a $345 million military aid package for Taipei, and the self-ruled island said Sunday it tracked six Chinese navy ships in waters off its shores. China's Taiwan affairs office issued a statement late Saturday opposing the military aid to Taiwan, which China claims as its own territory.

30.07 / 05:17

Microsoft Waters Software SPY Inside U.S. hunts Chinese malware that could disrupt military operations

China has hidden deep inside the networks controlling power grids, communications systems and water supplies that feed military bases in the United States and around the world, according to U.S. military, intelligence and national security officials. The discovery of the malware has raised fears that Chinese hackers, probably working for the People’s Liberation Army, have inserted code designed to disrupt U.S.

29.07 / 15:53

Citi Waters Parke Southern country Weaker Doksuri drenches north China, Beijing evacuates thousands

By Liz Lee, Jenny Wang and Ryan Woo

29.07 / 10:05

UPS Reuters exclusive US' move to send Taiwan weapons worth ₹2,838 crore likely to provoke China; here's why

₹2,838 crore), from the United States. Despite keeping the specifics of the arms package confidential, this move is likely to provoke China, as Taiwan strongly opposes China's claims of sovereignty. The 2023 budget has granted Congress the power to offer up to $1 billion ( ₹8,226 crore) worth of weapons aid to Taiwan, much to the dismay of Beijing, which has been the primary supplier of arms to the island and persistently demands that the U.S.

28.07 / 17:45

Manufacturing Assurant Mobile Pool Micron AMD country PM pitches India to chip majors, assures reforms

New Delhi: Prime Minister Narendra Modi pitched India to global semiconductor companies, highlighting its expanding talent pool, favourable tax regime, and financial incentives. Modi urged investors to seize the opportunity to invest in India and assured them that reforms to improve the business environment will continue. “Last year, the question people were asking at Semicon India was why they should invest in India, but in one year, the question has changed to why not invest.

28.07 / 17:45

Digital Cooper Ripple Manufacturing Metro country Deal Jaishankar's BIG reveal on US-India military equipment deal, says 'US hesitated...'

Maruti revolution where it wasn't just the Suzuki car coming in, it wasn't only about a car coming in, it was a way actually for the entire lifestyle, it was a thinking, it was an industrial culture which got changed," he said. "The second revolution was the metro revolution. I think it's had a very profound impact on the urban infrastructure of India," Jaishankar said.

28.07 / 16:33

Target Forrester Qualcomm NVIDIA Samsung Intel boost Intel results boost chip stocks on optimism PC market slump is ending

shares rose over 4% on Friday, a day after the chipmaker's unexpectedly strong quarterly report heralded a turnaround in fortunes after a long, margin-sapping struggle due to plummeting PC sales and a highly competitive data center market. The company's surprise second-quarter profit and its strong earnings and margin forecasts suggested the personal computer market slump was nearing an end, sparking the surge in its stock and the wider chip sector. Intel is poised to add about $6 billion to its market value, based on its current price of $36.

28.07 / 13:49

UPS FIVE Manufacturing HON country Taiwan India's most trusted partner in semiconductor plans: Foxconn chairman Young Liu

Foxconn chairman Young Liu on Friday said India and Taiwan could be partners in the development of a robust semiconductor ecosystem in India. Speaking at the Semicon 2023 in Gandhinagar, Gujarat, Liu said that he was optimistic about the direction and the roadmap of India's semiconductor plan.

28.07 / 12:31

UPS Provident FIVE Manufacturing Assurant Vedanta to invest $5bn in first phase for semicon fab, comfortable in debt position: Anil Agarwal

Vedanta will invest $5 billion in the first phase of setting up its semiconductor fab, packaging testing unit and display fab unit, for which capital allocation will be done through a mix of debt and equity, the group’s chairman Anil Agarwal said in an interaction with Mint. “The first phase will be $5 billion. We will take will the structuring because it will be now the main company, and Vedanta has a good cash flow.

28.07 / 11:12

UPS Manufacturing Gap Micron AMD exclusive Vedanta to tie up with 3 firms for semiconductor biz, first chip in 2.5 years: Anil Agarwal

Vedanta chairman Anil Agarwal on Friday said that the company is in discussions with three firms to have separate tie-ups for foundry, chips and packaging and testing, for its semiconductor unit in India. In an exclusive conversation with Mint, Agarwal said that the tie-ups should happen in a few months.

28.07 / 07:19

FIVE Manufacturing AMD country AMD to invest $400 million in India over next five years, to build new India campus in Bangalore

Semicon India conference in Gandhinagar, Gujarat. The event is being held in an effort to attract investment into India's chip industry and establish the country as a semiconductor manufacturing hub to rival countries like Taiwan and China.

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