Bank of America Corp nearly doubled its forecast for the nation’s economic growth this year, adding to a slew of upgrades even after a rip-roaring last year propelled by demand for artificial intelligence (AI).The firm lifted its projection to 8 percent from 4.5 percent on “relentless global demand”
Central Depository Insurance Corp (CDIC, 中央存保) has auctioned a 15.1 percent stake in Taipei 101 operator Taipei Financial Center Corp (TFCC, 台北金融大樓), with two affiliates of the Hung Tai Group (宏泰集團) winning the bid for NT$8.6 billion (US$272.6 million).The shares, previously held by China United Tru
The Ministry of Economic Affairs yesterday broke ground on the Industrial Technology Research Institute’s advanced semiconductor research and development (R&D) base in Hsinchu County’s Jhudong Township (竹東).The NT$3.772 billion (US$119.56 million) base is a joint project with the National Developmen
UNCERTAINTIES: The government has earmarked about NT$3bn to support domestic automakers and auto parts suppliers in research and development, Kung Ming-hsin said
Even under a worst-case scenario of Taiwan cutting tariffs on US vehicles to zero, the impact on the local auto industry’s production value would be about 1 percent — which remains manageable, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday.Based on the ministry’s initial assessment
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) board of directors yesterday approved a US$44.96 billion capital budget to bolster advanced and specialty technology capacity, upgrade advanced packaging, and fund fab construction.The funding targets the installation and upgrade of advanced, matur
Boats are docked at Sun Moon Lake’s Shuishe Pier in Nantou County’s Yuchi Township yesterday. Shuishe is the main pier to explore Sun Moon Lake, which is expected to see a surge in tourists during the Lunar New Year holiday.
The union at TaiDoc Technology Corp (泰博科技) yesterday protested outside the Ministry of Labor, accusing the medical device maker of undermining its operations, a claim the company rejected, blaming the dispute on the involvement of an "outsider."After "illegally dismissing" the Taidoc Technology Labo
STEADY DEMAND: The US remained the nation’s main export destination, followed by China, while Ireland and the Netherlands emerged as key destinations in Europe
Exports surged to a record high last month as demand for advanced chips and related hardware continued to accelerate, underscoring the nation’s central role in the global artificial intelligence (AI) supply chain.Outbound shipments jumped 69.9 percent from a year earlier to US$65.77 billion last mon
Wiwynn Corp (緯穎科技) on Friday said it expected continued strong shipments of its application-specific integrated circuit (ASIC)-based artificial intelligence (AI) servers this year, as it seeks to enter major cloud service providers’ (CSPs) supply chains.Wiwynn’s CSP clients include Google, Amazon We
Hermes Testing Solutions Inc (漢民測試) yesterday said revenue this quarter is likely to beat seasonal weakness, benefiting from rising demand for its advanced wafer probing and inspection tools used in the production of artificial intelligence and high-performance computing (HPC) chips.The first quarte
GOOD CALL: The snap election decision has paid off, as political stability, policy continuity and reform optionality would be viewed positively by markets, an analyst said
Investor reaction to Japan’s election signals at least a temporary reprieve for Japanese Prime Minister Sanae Takaichi from market ructions that have threatened to undermine her spending plans.Japanese equities yesterday surged to fresh record highs after Takaichi’s Liberal Democratic Party (LDP) ac
US-based artificial intelligence (AI) server supplier Super Micro Computer Inc has secured its first syndicated loan in Taiwan, which was worth US$1.765 billion, CTBC Commercial Bank Co (中國信託銀行) said yesterday.CTBC Bank served as the administrative agent of the loan syndication.A total of 21 financi
In China, humanoid robots are serving as Lunar New Year entertainment, with their manufacturers pitching their song-and-dance skills to the general public as well as potential customers, investors and government officials.On Sunday, Shanghai-based robotics start-up Agibot Innovation Technology Co (智
A person holds NT$1,000 and NT$100 banknotes at a Bank of Taiwan branch in Taipei yesterday. A total of 455 designated branches of eight financial institutions nationwide yesterday began allowing the public to exchange old banknotes for new ones, adding to the festive mood ahead of the Lunar New Yea
AI SPLURGE: The four major US tech companies have lost more than US$950 billion in value since releasing earnings and outlooks, while equipment makers were gaining
Four of the biggest US technology companies together have forecast capital expenditures that would reach about US$650 billion this year — a flood of cash earmarked for new data centers and all the gear within them.The spending planned by Alphabet Inc, Amazon.com Inc, Meta Platforms Inc and Microsoft
TAKING OFF: Analysts had predicted it would take four more years to reach US$1 trillion, as logic-chip revenue soared 40% and memorychip sales grew 35%, SIA said
The semiconductor industry is to reach US$1 trillion in revenue this year for the first time, fueled by artificial intelligence (AI) and the spread of computer chips to virtually every part of the economy.Total industry sales were US$791.7 billion last year and are forecast to chalk up another 26 pe
CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) are today to lower gasoline prices by NT$0.2 per liter, after international crude oil prices last week snapped a six-week rising streak.CPC and Formosa gasoline prices are to fall to NT$27.2, NT$28.7 and NT$30.7 per liter for 92, 95 and 9
India is to slash tariffs on high-end US vehicles to 30 percent from as high as 110 percent and eliminate duties on Harley-Davidson Inc bikes under an interim trade pact, an official said, but New Delhi would not make concessions for electric vehicles, a move that pointedly leaves Tesla Inc out.The
State-run CPC Corp, Taiwan (CPC, 台灣中油) plans to expand its procurement and investment in US natural gas as part of Taipei’s tariff negotiations with Washington, chairman Fang Jeng-zen (方振仁) said on Thursday last week.CPC signed a letter of intent with Alaska Gasline Development Corp (AGDC) in March
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