Sales volumes skyrocket
The sales volumes of Taiwan's manufacturing sector totaled NT$7.1 trillion (US$216 billion) in the first eight months of this year, marking a growth of 10.1 percent over the same period of last year, according to statistics released by the Directorate General of Budget, Accounting and Statistics. By sector, information technology products and electronic components reached NT$2.7 trillion; followed by chemical products at NT$1.92 trillion; metal and machinery products at NT$1.71 trillion and daily necessities or consumer products at NT$764.8 billion, according to the statistics. The manufacturing sector's direct export ratio climbed to 48.4 percent, up 2.3 percent over the same period of last year, according to the statistics.
CMMI certification rising
The number of Taiwanese software manufacturers obtaining capability maturity model integration (CMMI) certification is expected to increase to 70 by the end of next year, which would make Taiwan the country with the fifth most CMMI-certified companies in the world, Council for Economic Planning and Development (CEPD) officials said yesterday. As of the end of last month, the Ministry of Economic Affairs has guided 68 local software manufacturers to adopt the CMMI system, CEPD officials said. Forty-four manufacturers have passed CMMI certification so far, with Taiwan being the country with the ninth most CMMI-certified companies in the world, the officials said.
PRC surplus to hit US$150bn
China's annual trade surplus is set to reach US$150 billion this year, bursting past last year's record US$109.8 billion as the country's exports continue to surge, a government report said. The report by the Commerce Ministry said exports were likely to hit US$960 billion by the end of this year, a 26 percent increase on last year. Imports were likely to reach US$810 billion, a jump of 22 percent, the China Daily said on Saturday, citing the report. This week China posted a record trade surplus of US$23.8 billion for last month.
Blogs touted for advertising
Blogs are becoming a force to be reckoned with as a means of advertising products, according to a survey. An Ipsos MORI poll found that the Internet journals are a more trusted source of information than TV advertising or e-mail marketing. But among their European counterparts, Britons are the least switched on to web logs. The French are far more savvy, the survey of 2,200 Europeans found. About 90 percent of people surveyed there said they were familiar with blogs, nearly twice as many as the number of Britons interviewed (50 percent).
China talks to tackle `gaps'
The EU's trade chief said yesterday that new talks with China next year would tackle "gaps" in Beijing's efforts to dismantle trade barriers and protect intellectual property rights. "We are satisfied China is implementing the bulk of its WTO accession commitments, but there are gaps," said Peter Mandelson, concluding a week-long visit here. Mandelson met on Friday with China's Vice Premier Wu Yi (吳儀), a former trade minister, and said the two sides agreed on talks starting in January, focusing first on updating a 1985 investment agreement.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion
‘ONE-STOCK SHOW’: Turnover hit an all-time high as TSMC continued to determine the local market’s direction and surpassed Visa in market capitalization The TAIEX early yesterday hit an all-time intraday high on the back of soaring Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares, before tumbling back to the previous day’s close as the contract chipmaker could not single-handedly prop up the index. The TAIEX rose more than 400 points in the first 20 minutes of trading to hit a record 13,031.7 points, but later pared its gains to close down 0.01 percent at 12,586.73. Turnover was NT$343.252 billion (US$11.63 billion), the highest in the Taiwan Stock Exchange’s history. TSMC continued to dictate the market’s direction, as its early surge by the daily