EMPLOYMENT
Hiring outlook weakens
The hiring outlook for the fourth quarter of the year weakened amid rising uncertainty over the economy at a time of escalating trade friction between the US and China, a survey released by online 1111 Job Bank (1111人力銀行) on Wednesday last week showed. According to the survey, which was conducted from Aug. 23 to Tuesday last week and collected 838 valid questionnaires, 54.89 percent of the responding enterprises said they planned to launch recruitment campaigns in the fourth quarter, down 2.61 percent from a year earlier.
INTERNET
Industrial platform planned
Foxconn Industrial Internet Co Ltd (FII, 富士康工業互聯網) on Tuesday last week said it would work with NXP Semiconductors Ltd of the Netherlands on the development of an industrial Internet system. NXP has agreed to provide artificial intelligence technology and solutions to help FII set up an advanced industrial Internet platform, FII said. The companies would work together to build an industrial Internet ecosystem to help FII clients achieve smart production and management, it said.
APPAREL
Jacket supplier hits record
Leading down jacket supplier Quang Viet Enterprise Co (廣越) yesterday posted record-high sales of NT$2.2 billion (US$71.48 million) for last month, a 25.43 percent year-on-year increase from NT$1.76 billion thanks to peak season effects. The increase brought the company’s cumulative revenue in the first eight months to NT$8.01 billion, up 42.82 percent from NT$5.61 billion the previous year, it said in a statement, adding that orders have surged from major customers such as Adidas AG, Patagonia, Nike Inc, The North Face and Puma AG.
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
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
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
UNCERTAINTY: Investors remain worried that trade negotiations with Washington could go poorly, given Trump’s inconsistency on tariffs in his second term, experts said The consumer confidence index this month fell for a ninth consecutive month to its lowest level in 13 months, as global trade uncertainties and tariff risks cloud Taiwan’s economic outlook, a survey released yesterday by National Central University found. The biggest decline came from the timing for stock investments, which plunged 11.82 points to 26.82, underscoring bleak investor confidence, it said. “Although the TAIEX reclaimed the 21,000-point mark after the US and China agreed to bury the hatchet for 90 days, investors remain worried that the situation would turn sour later,” said Dachrahn Wu (吳大任), director of the university’s Research Center for
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