COMPANY TOUR: Shibaura executives in July met with Yageo representatives in Taipei, and visited its manufacturing facilities in Kaohsiung and Thailand
Yageo Corp (國巨), the world’s No. 3 multilayer ceramic capacitor supplier, on Tuesday night said that it had secured support from Shibaura Electronics Co’s management team for a takeover bid, clearing a major hurdle to clinching the NT$22.83 billion (US$759.4 million) deal later this year.It came aft
British pharmaceutical group GlaxoSmithKline PLC (GSK) plans to invest US$30 billion in the US over the next five years, it announced yesterday, as US President Donald Trump began a UK state visit.The investments would bolster GSK’s research and development as well as production capacities in the US
China’s Internet regulator has ordered top technology firms to halt purchases of Nvidia Corp’s artificial intelligence (AI) chips and cancel existing orders as part of a broader push to cut reliance on US technology, the Financial Times reported yesterday.Shares of the US company were down 1 percent
China yesterday said its youth unemployment rate hit a record high last month since publication resumed under a revised calculation last year, adding to a string of gloomy economic data.The government’s jobless rate for people aged 16 to 24 had soared to more than 21 percent in June 2023, after whic
The nation’s new Insurance Capital Standard (ICS) — set to take effect next year — would feature a four-tier framework to categorize insurance companies’ capital sufficiency, the Financial Supervisory Commission announced on Tuesday, alongside draft amendments to the Regulations Governing Capital Ad
Foxconn Interconnect Technology Ltd (FIT) chairman and CEO Sidney Lu gives a speech at the company’s Tech Day event in Taipei yesterday. FIT, a subsidiary of Hon Hai Precision Industry Co, launched a joint venture called Smart Mobility SJSC in May with Saleh Suleiman Alrajhi & Sons Co. The joint ven
GROWING CONCERNS: Domestic companies’ expansions overseas are an extension of capacity and capabilities, not a relocation of industry, the economic affairs minister said
Minister of Economic Affairs Kung Ming-hsin (龔明鑫) yesterday said the ministry has contacted the Taiwan Electrical and Electronic Manufacturers’ Association to explore ways to support the association’s proposal to establish technology parks in Mexico, Poland, India and the Philippines.The ministry ha
MORTGAGE WORRIES: About 34% of respondents to a survey said they would approach multiple lenders to pay for a home, while 29.2% said they would ask family for help
New housing projects in Taiwan’s six special municipalities, as well as Hsinchu city and county, are projected to total NT$710.65 billion (US$23.61 billion) in the upcoming fall sales season, a record 30 percent decrease from a year earlier, as tighter mortgage rules prompt developers to pull back,
Oracle Corp is among a consortium of firms that would enable TikTok to continue operations in the US if a framework deal between the US and China is finalized, CBS News reported on Monday.Reuters could not immediately confirm the report.The precise structure of the deal was not clear, the report sai
MediaTek Inc (聯發科), Taiwan’s largest chip designer, yesterday said that it has adopted Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) advanced 2-nanometer process to build its next flagship system-on-a-chip (SoC).The SoC has completed the tape-out stage, in which the final design is sent for ma
The high-stakes showdown between US President Donald Trump’s administration and the US central bank intensified on Monday as an appeals court blocked the White House from removing US Federal Reserve Governor Lisa Cook from her post for now.The divided court in Washington affirmed that Cook can conti
National Palace Museum director Hsiao Tsung-huang, left, and Chiayi County Commissioner Wen Chang-liang hold placards at a news conference at the museum’s southern branch in Taibao City yesterday, to promote products cobranded with the museum and Chiayi County ahead of the Mid-Autumn Festival. The p
AI DEMAND: Demand proved far stronger than expected, offsetting the impact of tariffs and prompting an upward revision to GDP growth, Cathay’s research team said
Cathay Financial Holding Co (國泰金控) yesterday sharply raised its forecast for Taiwan’s economic growth this year to 4.5 percent, up from a previous estimate of 2.8 percent, citing stronger-than-expected exports driven by front-loading activity and sustained demand for artificial intelligence (AI) com
TRADE AGREEMENT: The Chinese side views TikTok negotiations as part of wider US-China trade discussions, the US treasury secretary said
The US and China are close to reaching an agreement on social media platform TikTok, but a deal could hinge on Chinese demands for trade concessions, US Secretary of the Treasury Scott Bessent said yesterday before entering a second day of talks in Madrid.The US and China delegations are discussing
Micro-Star International Co (MSI, 微星科技) is expanding notebook computer production in India after partnering with Indian electronics maker Syrma SGS Technology Ltd late last year, as the Taiwanese company seeks to tap into the local market.MSI also plans to manufacture some of its new gaming PCs powe
China yesterday said that an investigation found US chip giant Nvidia Corp had run afoul of the country’s antitrust rules, and vowed an additional probe just after trade talks between Beijing and Washington entered a second day.“Following a preliminary investigation, it has been determined that Nvid
Taiwan’s life insurers look set to lift their currency hedging from near record lows in an attempt to shield overseas assets from further swings in the New Taiwan dollar.Insurers hold more than US$700 billion of foreign currency assets, making them a key source of demand for bonds issued overseas, b
Investments in fixed assets in Taiwan’s manufacturing sector rose 28.1 percent in the second quarter as semiconductor suppliers moved to expand production, the Ministry of Economic Affairs (MOEA) said in a report issued on Wednesday last week.Manufacturers’ fixed asset investments, which refer to fu
Peeled persimmons are pictured at a processing factory in Chiayi County’s Fanlu Township yesterday as farmers prepare to dry the fruit and make them into persimmon cakes. Persimmon is the township’s largest crop and is in season from September to November, but this year’s harvest is only 40 percent
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