Automakers in Taiwan and Japan have entered into talks aimed at teaming up to tap the Indonesian market, Taiwan External Trade Development Council (TAITRA, 外貿協會) Chairman James Huang (黃志芳) said in Jakarta.
Huang, who is heading a delegation of Taiwanese enterprises at the Taipei Expo in the Indonesian capital, said that China Motor Corp (CMC, 中華汽車), which markets vehicles under the Mitsubishi brand, is in talks with Mitsubishi Motor Corp of Japan to jointly produce auto parts for the Indonesian market.
The CMC and Mitsubishi plan is one of more than 20 projects which have been under negotiations for more than one year that would enable Taiwanese firms to work with their Japanese counterparts to target ASEAN member nations, Huang said.
In addition to the auto industry, Huang said that the proposed cooperation programs covered other industries, but he declined to disclose further details.
Huang said Japan has worked in the ASEAN market for a long time so the nation has built closer business ties in the bloc than Taiwanese businesses have and is able to exercise more influence.
Huang said that during a trip to Tokyo in March, he met with executives from the Japan External Trade Organization (JETRO), and that TAITRA and JETRO reached a consensus to push for cooperation of enterprises in Taiwan and Japan to seek business opportunities in global markets, including the ASEAN region.
TAITRA’s efforts to help Taiwanese exporters ship more of their products to the ASEAN market are a part of President Tsai Ing-wen (蔡英文) administration’s “new southbound policy” that aims to forge closer economic ties with the 10 ASEAN member nations as well as India, Pakistan, Bangladesh, Nepal, Sri Lanka, Bhutan, Australia and New Zealand, to lower economic dependence on China.
The Taiwan Expo in Jakarta, which opened on Friday and closed yesterday, shows how TAITRA is gearing up to polish the image of Taiwanese products in the Indonesian market.
TAITRA is next to take the Taiwan Expo to Vietnam’s Ho Chi Minh City, where it is to run from July 26 to 28,
The show is to be in Manila from Sept. 27 to Oct. 1 and Kuala Lumpur from Nov. 9 to 11.
At the end of March, TAITRA set up an association for Taiwanese investors who want to take advantage of the “new southbound policy” to extend their global reach.
About 500 companies have signed up so far.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
AI TALENT: No financial details were released about the deal, in which top Groq executives, including its CEO, would join Nvidia to help advance the technology Nvidia Corp has agreed to a licensing deal with artificial intelligence (AI) start-up Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and is to integrate its chip design into future products. Some of the start-up’s executives are leaving to join Nvidia to help with that effort, the companies said. Groq would continue as an independent company with a new chief executive, it said on Wednesday in a post on its Web
CHINA RIVAL: The chips are positioned to compete with Nvidia’s Hopper and Blackwell products and would enable clusters connecting more than 100,000 chips Moore Threads Technology Co (摩爾線程) introduced a new generation of chips aimed at reducing artificial intelligence (AI) developers’ dependence on Nvidia Corp’s hardware, just weeks after pulling off one of the most successful Chinese initial public offerings (IPOs) in years. “These products will significantly enhance world-class computing speed and capabilities that all developers aspire to,” Moore Threads CEO Zhang Jianzhong (張建中), a former Nvidia executive, said on Saturday at a company event in Beijing. “We hope they can meet the needs of more developers in China so that you no longer need to wait for advanced foreign products.” Chinese chipmakers are in
POLICY REVERSAL: The decision to allow sales of Nvidia’s H200 chips to China came after years of tightening controls and has drawn objections among some Republicans US House Republicans are calling for arms-sale-style congressional oversight of artificial intelligence (AI) chip exports as US President Donald Trump’s administration moves to approve licenses for Nvidia Corp to ship its H200 processor to China. US Representative Brian Mast, the Republican chairman of the US House Committee on Foreign Affairs, which oversees export controls, on Friday introduced a bill dubbed the AI Overwatch Act that would require the US Congress to be notified of AI chips sales to adversaries. Any processors equal to or higher in capabilities than Nvidia’s H20 would be subject to oversight, the draft bill says. Lawmakers would have
RSS