Taiwan Financial News

TSMC reaffirmed its investment commitment to Taiwan on Friday as the world's largest contract chip maker ramps up expansion abroad. Speaking at a ceremony to open a massive global research and development center in Taiwan's chip hub of Hsinchu, CEO C.C.

defence spending would boost the economy. “We can reap a genuine peace dividend this year and then year after year, in the form of permanently reduced defence budgets," he declared in 1992. The world took note.

chipmaker Intel Corp., potentially enabling the country’s consumer electronics and technology manufacturing industry to replicate the success of its credentialed software sector — and create a ‘huge’ number of factory jobs in the process. The California, US-based company is looking at India as a top manufacturing base for supplying to three buckets of hardware products–laptops, data centres and servers — and electronics connected to internet of things (IoT) such as vending machines and cameras, said Santhosh Viswanathan, MD and vice president, sales, marketing and communication group, at the company’s India arm. “Electronics manufacturing creates thousands of jobs.

The coastal Chinese city of Shantou has joined parts of Taiwan in shutting down schools and offices as Typhoon Doksuri brings heavy wind and rain to the Taiwan Strait

Foxconn is doubling down on its India plans. The T...

India is on track to becoming a key player in the global semiconductor supply chain in the next decade with USD 10 billion of incentives and assistance provided to encourage local chip manufacturing, Union minister Rajeev Chandrasekhar said on Thursday. The production-linked incentive scheme last year attracted firms like Vedanta and Taiwan’s Foxconn, who promised multi-billion dollar investment in setting up units to manufacture chips, which are used in products ranging from mobile phones to cars.

Investing.com — Most Asian stocks rose on Thursday as appetite for risk-driven markets was boosted by the Federal Reserve raising interest rates as expected and downplaying the prospect of a U.S. recession this year.

Taiwan's largest cities have shut down schools and offices Thursday as Typhoon Doksuri brought heavy rains and winds to the island's eastern and southern coast. Doksuri weakened further on Thursday, with sustained winds of 155 kph (96 mph) and gusts of up to 190 kph (118 mph), according to Taiwan's Central Weather Bureau.

Foxconn Industrial Internet (FII)'s CEO Brand Cheng and other company representatives met last week with Tamil Nadu Chief Minister MK Stalin and other government officials to discuss the investment in the southern state. FII has shared a plan with state officials to initially invest $180 million to $200 million in the facility, Reuters said citing sources. The Taiwan-based company aims to complete the plant by 2024, with further investments expected afterward.

NEW DELHI : Six major Asian economies, China, Hong Kong, Japan, South Korea, Singapore and Taiwan, which comprise one-fifth of the world’s population, will experience rapid decline in their working-age populations that is expected to drop about 10 percentage points by 2050 to 59% of their total populations on average, leading to major impact on global economic growth, Moody’s Investors Services said in a report on Wednesday. The drag on growth and public finances for these economies will be significant, barring gains in productivity, workforce participation or quality of available labour, said the report titled “Aging in key economies will drag on growth and finances, with global credit implications".

Taiwan staged its first-ever military drill at Taoyuan International Airport on Wednesday, briefly halting commercial traffic as soldiers practised defending the facility against a simulated attack by Beijing. The exercise is part of Taiwan's week-long massive wargames — the annual «Han Kuang» (Han Glory) drills — which this year has included protecting civilian airports as Beijing ramps up military and political pressures on the island.

China removed Foreign Minister Qin Gang from his post on Tuesday after a one-month absence from public duties, replacing him with his predecessor Wang Yi, state media said, after weeks of speculation about what had happened to him. Qin, 57, who only took up the job in December after a brief stint as envoy to the United States, had not been seen in public since June 25 when he met visiting diplomats in Beijing.

Kidambi Srikanth and HS Prannoy entered the pre-quarterfinals of the men's singles competition in the BWF Japan Open but it was curtains for Aakarshi Kashyap, who ran into Akane Yamaguchi in her very first outing, here on Tuesday. The tournament is taking place at the Yoyogi National Gymnasium.

China from creating high-end semiconductors suitable for military applications, Japan's curbs on the export of advanced chip-making equipment went into effect on Sunday, Kyodo news reported. Japan included 23 goods used in chip fabrication that need authorisation for export with the modification of a trade ministry ordinance under the foreign currency law.

TAIPEI (Reuters) — Taiwanese chip maker TSMC plans to invest nearly T$90 billion ($2.87 billion) to build an advanced chip testing and packaging facility in Taiwan's northern county of Miaoli, according to the official Central News Agency.

global economy and an anticipated decline in the overall smartphone market, Apple Inc., headquartered in Cupertino, California, is determined to maintain stable shipments of the iPhone 15. According to Bloomberg, the company is contemplating increasing the price of the Pro models, which could contribute to a rise in overall revenue. However, the specific targets are not public information.

The 1975, a British pop-rock band, has canceled upcoming shows in Indonesia and Taiwan after their set was cut short at a music festival in Malaysia. The decision came following frontman Matty Healy's comments on Malaysia's anti-gay laws and an on-stage kiss with a bandmate. The band had eagerly looked forward to performing for fans at Jakarta’s We the Fest on Sunday (July 23) and at the Taipei Music Center on Tuesday (July 25) as part of their Asia tour 2023. However, due to the current circumstances, they had no choice but to call off the scheduled performances. In a statement posted on We the Fest’s Twitter page, The 1975 wrote, “The 1975 regret to announce that their forthcoming shows in Jakarta and Taipei will no longer be going ahead as planned. The band never takes the decision to cancel a show lightly and had been eagerly looking forward to playing for fans in Jakarta and Taipei but unfortunately, due to current circumstances, it is impossible to proceed with the scheduled shows.” The controversy arose when Matty Healy openly criticized Malaysia's LGBTQ laws during the Good Vibes Festival in Kuala Lumpur on July 21. He also engaged in a kiss with bassist Ross MacDonald on stage. The festival's organizer, Future Sounds Asia, responded by canceling the remaining days of the festival.

By Louis Juricic and Sarina Isaacs

Investing.com — The Dow eked out a win Friday, notching its 10th-straight weekly gain and extending its longest win streak since 2017, led by a climb in defensive corners of the market including utilities amid cautious trading ahead of quarterly results from big tech next week.

Pew Research Center released a comprehensive study exploring the views of Chinese Americans on China and other countries. The study revealed that Japan, Taiwan, and South Korea were viewed favorably by the majority of Chinese Americans. However, only 41% of Chinese Americans had a favorable view of China, while 54% held an unfavorable opinion of their ancestral homeland.

Royal Canadian Mounted Police, has been charged in connection with alleged foreign interference activities “to benefit” China following a two-year investigation, the national police force says.The 60-year-old from Hong Kong appeared in a Quebec court virtually on Friday to face charges laid under the Security of Information Act.He is charged with one count of preparatory acts for the benefit of a foreign entity, and one count of conspiracy.“According to the investigation, Mr.