DATA CENTER MARKET: Hon Hai’s chairman said that time-to-market is key in the global super-computing race, while Teco is eyeing an expanded global presence
Manufacturing giant Hon Hai Precision Industry Co (鴻海精密) and industrial motor maker Teco Electric and Machinery Co (東元電機) yesterday announced that they would be forming a strategic partnership through a share exchange to tap into the global artificial intelligence (AI) data center market.Under the d
NEW PRODUCTS: MediaTek plans to roll out new products this quarter, including a flagship mobile phone chip and a GB10 chip that it is codeveloping with Nvidia Corp
MediaTek Inc (聯發科) yesterday projected that revenue this quarter would dip by 7 to 13 percent to between NT$130.1 billion and NT$140 billion (US$4.38 billion and US$4.71 billion), compared with NT$150.37 billion last quarter, which it attributed to subdued front-loading demand and unfavorable foreig
The New Taiwan dollar yesterday extended its losing streak to a fifth straight session, closing at NT$29.719 against the US dollar, down NT$0.13 from the previous day, as broad US dollar strength and lingering trade uncertainties weighed on non-US dollar currencies, traders said.The NT dollar deprec
Taiwanese men on average earned about 1.57 times more than women in 2023, but the gap narrowed from 1.6 times in 2022 and fell to its lowest level in three years, the Ministry of Finance said yesterday.The average total income of men in Taiwan was NT$746,708 (US$25,126), compared with NT$475,454 for
Lite-On Technology Corp (光寶科技), a maker of electronic components, expects third-quarter revenue to grow sequentially and annually on the back of continued demand from cloud computing and artificial intelligence (AI) data centers, Lite-On president Anson Chiu (邱森彬) said yesterday.However, the appreci
Contract electronics makers Wistron Corp (緯創) and Inventec Corp (英業達) have received the green light from the Ministry of Economic Affairs to build server facilities in the US.The Department of Investment Review on Tuesday approved Wistron’s plan to invest US$455 million through its subsidiary Wistro
US President Donald Trump said yesterday that he would impose a 25 percent tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil.India “is our friend,” Trump said on his Truth Social platform, but its tariffs “are far too high” on US products.The Repu
Citi earned 11 prestigious awards in Taiwan from leading international financial publications recently, reflecting its strong business performance in 2024.FinanceAsia recognized Citi as Best International Bank, Best International Investment Bank, Best International M&A (Mergers and Acquisitions) Hou
People line up to use a gachapon vending machine featuring Rakuten Group Inc’s official mascot Okaimono Panda at the Rakuten AI Optimism event in Yokohama, Japan, yesterday. The event runs through tomorrow.
FOREX: The company attributed the profit decline to the NT dollar’s appreciation against the greenback, and anticipates further margin pressure due to currency shifts
Vanguard International Semiconductor Corp (世界先進), a foundry service provider specializing in producing power management and display driver chips, yesterday said net profit dipped 15 percent sequentially last quarter as significant appreciation of the New Taiwan dollar eroded its gross margin.Net pro
DIVERSIFYING: Taiwanese investors are reassessing their preference for US dollar assets and moving toward Europe amid a global shift away from the greenback
Taiwanese investors are reassessing their long-held preference for US-dollar assets, shifting their bets to Europe in the latest move by global investors away from the greenback.Taiwanese funds holding European assets have seen an influx of investments recently, pushing their combined value to NT$13
Taiwan’s property transactions in the first half of this year fell 26.4 percent year-on-year to about 130,000 units, as credit controls and mortgage restrictions dampened demand, data from the Ministry of the Interior showed yesterday.Keelung saw the steepest decline, with transactions plummeting 45
Teco Electric and Machinery Co Ltd (東元電機) aims to increase its overseas revenue to more than 50 percent of its total, with a focus on Southeast Asia and the US, company chairman Morris Li (利明献) said on the sidelines of an event in Taipei yesterday.Li said that the company’s newly secured mechanical,
Chip testing and packaging services provider Powertech Technology Inc (力成科技) yesterday said net profit last quarter plunged 19 percent to NT$1.28 billion (US$43.1 million) from NT$1.58 billion in the previous quarter due to massive foreign exchange losses.The company reported NT$670 million in forei
Cadence Design Systems Inc has pleaded guilty to charges accusing the company of contravening US export controls by selling hardware and software to China’s National University of Defense Technology.The San Jose, California-based company, a maker of chip design tools, said it took a one-time charge
Apple Inc is closing a retail store in China for the first time, signaling a notable retreat in a market where the iPhone maker is striving to revive sales.The company on Monday said that it would shut its Parkland Mall store in the Zhongshan District of Dalian City on Saturday next week, citing a c
The International Monetary Fund (IMF) yesterday raised its global growth forecast as efforts to circumvent US President Donald Trump’s sweeping tariffs sparked a bigger-than-expected surge in trade, while the US president stepped back from some of his harshest threats.But the IMF still sees growth s
Two women look at a friend as they stand next to a digital billboard advertising the upcoming release of the video game “Demon Slayer-Kimetsu no Yaiba-The Hinokami Chronicles 2,” along a walkway inside a train station in central Tokyo yesterday. Meanwhile, the latest movie adaptation of hit manga an
STABILITY: The EU-US agreement includes a 15 pecent tariff on most European exports, along with the EU’s commitment to purchase US$750 billion of US energy
The US and the EU agreed on a hard-fought deal that will see the bloc face 15 percent tariffs on most of its exports, including cars, staving off a trade war that could have delivered a hammer blow to the global economy.The pact was concluded less than a week before a Friday deadline for US Presiden
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