The ninth Taiwan-Israel economic and technological cooperation conference opened in Jerusalem yesterday, with representatives from the public and private sectors of the two countries in attendance, an official with the Ministry of Economic Affairs told reporters.
Vice Minister of Economic Affairs Hsieh Fa-tah (
Israel excels at high-tech innovation, research and development, while Taiwan has a solid foundation for high-tech product manufacturing and marketing, the official said, adding that the two countries should make the most of such complementary advantages and explore various emerging markets in Southeast Asia, Eastern Europe and Central and South America.
Two-way trade between Taiwan and Israel amounted to around US$1.02 billion for the first 11 months of last year, according to official statistics. Taiwan's exports to Israel totaled US$427 million, while imports from Israel reached US$596 million.
Meanwhile, the cumulative amount of investment by Taiwan-ese manufacturers in Israel as of the end of November had reached US$31.34 million, mainly in the high-tech, electronics and machinery sectors, while Israel recorded a total investment of US$18 million in Taiwan.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
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An earnings report from semiconductor giant and artificial intelligence (AI) bellwether Nvidia Corp takes center stage for Wall Street this week, as stocks hit a speed bump of worries over US federal deficits driving up Treasury yields. US equities pulled back last week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the US government’s US$36 trillion in debt. Long-dated US Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5 percent and hitting its highest level since late 2023. Stocks were dealt another blow on Friday when US President Donald
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