Vaccine factory planned
Local drug maker Medigen Biotechnology Corp (基亞) said on Thursday that a vaccine factory of its subsidiary is likely to be operational in 2016, with its production volume to be 3 million vials in the first year of its operation.
Annual production at the factory, located in the Hsinchu Biomedical Science Park (新竹生物醫學園區), will reach 5 million vials in the second year, it said. The factory has an annual capacity of 10 million vials, according to Medigen.
Hon Hai eyes display sector
Hon Hai Precision Industry Co (鴻海精密), which assembles iPhones and iPads for Apple Inc, is planning to set up a display plant in China to produce high-end screens for smartphones, the Wall Street Journal reported on Thursday.
The report said the investment in Zhengzhou, Henan Province, could amount to 35 billion yuan (US$5.7 billion).
Money supply growth cools
The nation’s M2 money supply, the broadest measure of money flowing through the banking system, rose 5.31 percent last month from a year earlier, but down from August’s 5.64 percent rise, while the M1B monetary aggregate rose 7.36 percent year-on-year last month, compared with August’s 7.56 percent increase, the central bank said yesterday.
The increase in M2 money supply last month marks the slowest growth in 15 months, while that in M1B monetary aggregate represents the lowest advance for 16 months, the bank said.
The bank attributed the slower growth to an increase in net foreign capital outflows, as well as slower growth in bank loans and investments.
For the first nine months of this year, M2 and M1B increased 5.77 percent and 8.29 percent respectively from the previous year.
European Central Bank (ECB) President Christine Lagarde is expected to step down from her role before her eight-year term ends in October next year, the Financial Times reported. Lagarde wants to leave before the French presidential election in April next year, which would allow French President Emmanuel Macron and German Chancellor Friedrich Merz to find her replacement together, the report said, citing an unidentified person familiar with her thoughts on the matter. It is not clear yet when she might exit, the report said. “President Lagarde is totally focused on her mission and has not taken any decision regarding the end of
French President Emmanuel Macron told a global artificial intelligence (AI) summit in India yesterday he was determined to ensure safe oversight of the fast-evolving technology. The EU has led the way for global regulation with its Artificial Intelligence Act, which was adopted in 2024 and is coming into force in phases. “We are determined to continue to shape the rules of the game... with our allies such as India,” Macron said in New Delhi. “Europe is not blindly focused on regulation — Europe is a space for innovation and investment, but it is a safe space.” The AI Impact Summit is the fourth
CONFUSION: Taiwan, Japan and other big exporters are cautiously monitoring the situation, while analysts said more Trump responses ate likely after his loss in court US trading partners in Asia started weighing fresh uncertainties yesterday after President Donald Trump vowed to impose a new tariff on imports, hours after the Supreme Court struck down many of the sweeping levies he used to launch a global trade war. The court’s ruling invalidated a number of tariffs that the Trump administration had imposed on Asian export powerhouses from China and South Korea to Japan and Taiwan, the world’s largest chip maker and a key player in tech supply chains. Within hours, Trump said he would impose a new 10 percent duty on US imports from all countries starting on
STRATEGIC ALLIANCE: The initiative is aimed at protecting semiconductor supply chain resilience to reduce dependence on China-dominated manufacturing hubs India yesterday joined a US-led initiative to strengthen technology cooperation among strategic allies in a move that underscores the nations’ warming ties after a brief strain over New Delhi’s unabated purchase of discounted Russian oil. The decision aligns India closely with Washington’s efforts to build secure supply chains for semiconductors, advanced manufacturing and critical technologies at a time when geopolitical competition with China is intensifying. It also signals a reset in relations following friction over energy trade and tariffs. Nations that have joined the Pax Silica framework include Japan, South Korea, the UK and Israel. “Pax Silica will be a group of nations
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