Taiwan may soon allow tourists from China to visit Taiwan, following a consensus reached by an economic advisory council over the weekend to ease current restrictions on a trial basis, local Chinese-language media reported yesterday.
The first batch of tourists from China may arrive in Taiwan as soon as October, a local Chinese-language newspaper said, quoting DPP lawmaker Chang Ching-fang (
Chang said the government may soon unveil a new policy on the opening-up of Taiwan to Chinese tourists and that, if certain visa and other formalities were resolved smoothly, the first batch of Chinese tourists could arrive as early as October.
He also said in the trial phase the opening-up would focus on Chinese tourists visiting the island as part of a tour group. In addition, the number of tourists allowed into the country would initially be limited to 1,000 per day.
The recommendation was one of several reached by politicians, academics and business leaders at a landmark economic conference over the weekend aimed at stimulating Taiwan's flagging economy. The gathering also proposed an easing of current limits on investments in China.
While Taiwan has allowed its citizens to freely travel to China since 1987, only a small number of Chinese have been able to visit Taiwan due to restrictions imposed by both sides of the Taiwan Strait after the end of a civil war in 1949.
Despite being separated for more than half a century, Beijing still regards the Taiwan as a renegade province and has pledged to bring it back into the fold, by force if necessary.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, booked its first-ever profit from its Arizona subsidiary in the first half of this year, four years after operations began, a company financial statement showed. Wholly owned by TSMC, the Arizona unit contributed NT$4.52 billion (US$150.1 million) in net profit, compared with a loss of NT$4.34 billion a year earlier, the statement showed. The company attributed the turnaround to strong market demand and high factory utilization. The Arizona unit counts Apple Inc, Nvidia Corp and Advanced Micro Devices Inc among its major customers. The firm’s first fab in Arizona began high-volume production
VOTE OF CONFIDENCE: The Japanese company is adding Intel to an investment portfolio that includes artificial intelligence linchpins Nvidia Corp and TSMC Softbank Group Corp agreed to buy US$2 billion of Intel Corp stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions. The Japanese company, which is adding Intel to an investment portfolio that includes artificial intelligence (AI) linchpins Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), is to pay US$23 a share — a small discount to Intel’s last close. Shares of the US chipmaker, which would issue new stock to Softbank, surged more than 5 percent in after-hours trading. Softbank’s stock fell as much as 5.4 percent on Tuesday in Tokyo, its
The prices of gasoline and diesel at domestic fuel stations are to rise NT$0.1 and NT$0.4 per liter this week respectively, after international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to rise to NT$27.3, NT$28.8 and NT$30.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to rise to NT$26.2 per liter at CPC stations and NT$26 at Formosa pumps, they said. The announcements came after international crude oil prices
SETBACK: Apple’s India iPhone push has been disrupted after Foxconn recalled hundreds of Chinese engineers, amid Beijing’s attempts to curb tech transfers Apple Inc assembly partner Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country. The extraction of Chinese workers from the factory of Yuzhan Technology (India) Private Ltd, a Hon Hai component unit, in southern Tamil Nadu state, is the second such move in a few months. The company has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named, as the