LIVING LONGER: Although real estate remained the largest category, life insurance and pension fund reserves continued to grow amid rising life expectancy
Taiwan’s average net wealth per household reached a record NT$18.89 million (US$589,999) at the end of 2023, an annual gain of NT$1.16 million, or 6.56 percent, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said on Tuesday. The 2023 number, adjusted after re-evaluating land at
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said second-quarter revenue is expected to surpass the first quarter, which rose 30 percent year-on-year to NT$118.92 billion (US$3.71 billion).Revenue this quarter is likely to grow, as US clients have front-loaded o
An index gauging Taiwan’s manufacturing sector weakened significantly in March, hurt by the economic uncertainty created by US President Donald Trump’s tariff threats, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday.The TIER’s economic composite index, which gauges the manuf
ASE Technology Holding Inc (日月光投控) yesterday said revenue from its core chip assembly and testing manufacturing (ATM) business would grow up to 11 percent sequentially this quarter as customers step up inventory buildup to address potential tariff risks.However, the company expects a 10 percent annu
The US economy unexpectedly contracted in the first three months of this year, according to fresh data published yesterday, due largely to a surge in imports ahead of the introduction of sweeping tariffs by US President Donald Trump.The GDP of the world’s largest economy decreased at an annual rate
Nvidia Corp chief executive officer Jensen Huang (黃仁勳) said he would like the US President Donald Trump's administration to change regulations for exporting artificial intelligence (AI) technology from the US to the rest of the world so American businesses can better capitalize on the opportunities
Samsung Electronics Co’s chip business reported a roughly 40 percent drop in profit after US export controls dented sales of its high-end chips, even as it seeks to catch up in the lucrative artificial intelligence (AI) memory arena.March-quarter operating profit at Samsung’s chip segment tumbled to
People walk past Comebuytea bubble tea store in Taipei yesterday. National Bubble Tea Day, celebrated every April 30, highlights the global popularity of the beverage and encourages fans to enjoy its wide variety of flavors. Originating in Taiwan, its signature blend of tea, milk and chewy tapioca p
The US President Donald Trump's administration is working on changes to a previous administration's rule that would limit global access to artificial intelligence (AI) chips, including possibly doing away with its splitting the world into tiers that help determine how many advanced semiconductors a
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) broke ground on its third semiconductor manufacturing fab in Arizona yesterday, US President Donald Trump's 100th day in office, featuring a visit from US Secretary of Commerce Howard Lutnick.Lutnick visited TSMC's semiconductor fabrication facility
GLOBAL: The company has approved plans to establish a Texas base as part of its expansion strategy, citing tariff pressures, client logistics and market diversification
Inventec Corp (英業達) has approved an investment plan of up to US$85 million to purchase commercial property and establish a manufacturing base in Texas, as the company seeks to address logistics and shipping needs for its artificial intelligence (AI) server business.The company’s board of directors a
TARIFF OFFSET: The chip tester expects AI-related revenue to climb further this quarter, and is expanding advanced packaging capacity to meet growing demand
Chip testing and packaging services provider Powertech Technology Inc (力成科技) yesterday said it expects revenue to rebound sequentially this quarter and next, driven by recovering demand for DRAM chips and chips used in artificial intelligence (AI) applications.The company said the pickup in memorych
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday.When asked by opposition Chinese Natio
US President Donald Trump is on track to ease the impact of his auto tariffs, with changes sought by the industry that would lift some levies on foreign parts for cars and trucks made inside the US.Imported cars would also be given a reprieve from separate tariffs on aluminum and steel, an effort to
Zeiss plans to unveil a new investment project next month at the Computex Taipei trade show, aiming to elevate Taiwan’s position as a global center for artificial intelligence (AI) technology, company executives said yesterday.The investment would be the second leg of the German company’s 10-year pl
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) on Sunday said that customer demand remained steady, with a positive order outlook, despite the US tariff threat.The company has been ramping up production over the past few months and would strive to overcome disruptions caused by US President Donal
NXP Semiconductors NV shares yesterday fell in premarket trading after the company announced a new chief executive officer as part of its quarterly earnings report and warned that tariff threats had created “a very uncertain environment.”CEO Kurt Sievers, 56, is to retire late this year, the Dutch c
People ride bicycles along a street in Taipei’s Daan District yesterday. The Directorate-General of Budget, Accounting and Statistics yesterday reported that Taiwan’s average net wealth per household reached a record NT$18.89 million (US$586,118) at the end of 2023, up 6.56 percent from a year earli
Taiwan remained the largest buyer of semiconductor production materials for the 15th consecutive year, procuring US$20.1 billion of materials last year, industry association SEMI said.Global semiconductor material spending grew by 3.8 percent from a year earlier to US$67.5 billion last year, SEMI sa
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