Samsung Electronics Co earned a far stronger-than-expected eightfold leap in quarterly profit, underscoring robust demand for artificial intelligence (AI) memory chips in the face of markets roiled by war in the Middle East. Customers led by cloud service providers are ramping up orders for high-ban
Praise Victor Industrial Co (PVI, 頌勝科技) aims to grow its semiconductor business revenue by about 40 percent this year amid robust demand in Taiwan and China, the semiconductor material developer said yesterday. “Based on the first quarter’s performance, we feel a strong growth momentum. There would
STRUCTURAL ISSUE: In a stress scenario in which the New Taiwan dollar appreciates 10 percent, some insurers could face renewed pressure, Taiwan Ratings said
Taiwan’s new foreign-exchange accounting rules might help smooth life insurers’ earnings, but they would not eliminate the sector’s underlying currency risks, Taiwan Ratings Corp (中華信評) said yesterday. Regulatory changes introduced this year would encourage insurers to rely less on short-term hedgin
Taiwan’s foreign exchange reserves fell below the US$600 billion mark at the end of last month, with the central bank reporting a total of US$596.89 billion — a decline of US$8.6 billion from February — ending a three-month streak of increases. The central bank attributed the drop to a combination o
The war in the Middle East will lead to higher inflation and slower global growth, International Monetary Fund managing director Kristalina Georgieva told Reuters on Monday, ahead of a forecast for the world economy planned by the global lender for next week. The war has triggered the worst-ever dis
Golden diamond pineapples are stacked in crates after being harvested in Tainan’s Guanmiao District yesterday. As temperatures rise, harvest of golden diamond pineapples — the most widely produced of Taiwan’s pineapple varieties — gets under way this month and orders have been pouring in over the pa
MAIN PLAYERS: Technology firms invested about NT$79.3 billion in commercial real estate during the first quarter, accounting for about 79 percent of transactions
Commercial property transactions surged in the first quarter, fueled largely by a major semiconductor factory acquisition, a report released by Colliers International Consultants Ltd’s Taiwan branch on Wednesday last week showed.Total transactions reached NT$99.3 billion (US$3.1 billion) in the firs
Taiwan Power Co (Taipower, 台電) yesterday said it plans to resume operations at two coal-fired power generators for three months to boost security of electricity supply as liquefied natural gas (LNG) supply risks are running high due to the Middle East conflict.The two coal-fired power generators are
Saudi Arabia has raised the price of its main oil grade to Asia to a record high premium, as a widening conflict in the Middle East — and Iran’s near-closure of the Strait of Hormuz — convulse energy markets.State-run Saudi Arabian Oil Co (Saudi Aramco) would increase flagship Arab Light crude price
ENERGY CRISIS: The effective closure of the key waterway has choked off supplies to global markets, disrupting about one-fifth of the world’s supply of LNG
Two tankers carrying liquefied natural gas (LNG) from Qatar appear to be attempting to exit the Persian Gulf via the Strait of Hormuz, with the move being closely monitored as a successful transit would mark the first exports to buyers outside of the region since the Middle East conflict started.The
Taishin Securities Co (台新證券) would take the fourth spot in terms of market share in Taiwan after completing a merger with MasterLink Securities Corp (元富證券) yesterday, data compiled by the Financial Supervisory Commission (FSC) showed.TS Financial Holding Co (台新新光金控) said the merger of Taishin Securi
A vendor puts blueberries in plastic boxes in Taoyuan’s Pingzhen District yesterday. A rumor circulated online that “pink blueberries” grown at a Pingzhen greenhouse are cheap and available for self-picking. The greenhouse’s owner surnamed Huang yesterday said it is actually a scam and he does not g
UNCERTAINTIES: Sales in the current quarter are expected to grow, but the impact of the volatile global political and economic situation should be monitored, Hon Hai said
Hon Hai Precision Industry Co (鴻海精密) yesterday reported a 29.68 percent year-on-year rise in quarterly sales, a sign of sustained artificial intelligence (AI) demand during the first weeks of war in the Middle East. Revenue for the first quarter grew to NT$2.13 trillion (US$66.6 billion), while anal
PLANS: The UK’s proposals include an office expansion and a dual stock listing as London seeks to capitalize on a fight between the firm and the US government
The UK is trying to tempt Anthropic PBC to expand its presence in the nation, as it seeks to capitalize on a fight between the maker of artificial intelligence (AI) app Claude and the US Department of Defense, the Financial Times said on Sunday.British government proposals for Anthropic range from a
Taiwanese financial institutions’ aggregate exposure to China fell 13.44 percent year-on-year at the end of February as firms adopted a prudent and conservative strategy regarding investment in the world’s second-largest economy, data released by the Financial Supervisory Commission (FSC) on Thursda
Space Exploration Technologies Corp (SpaceX) boosted its target initial public offering (IPO) valuation above US$2 trillion, according to people familiar with the matter, as the world’s most valuable start-up gears up to pitch potentially the biggest-ever market debut.Billionaire Elon Musk’s rocket,
Five EU countries are calling for a windfall tax on energy companies’ profits in reaction to rising fuel prices due to the Iran war, according to a letter from finance ministers to the EU Commission seen by Reuters on Saturday. The finance ministers of Germany, Italy, Spain, Portugal and Austria mad
People visit a field of canola flowers and cherry blossom trees in full bloom in Seogwipo, South Korea, yesterday.
Welcome to the new-look movie set, where the quiet hum of a coding floor has replaced the cacophony of cameras, clapperboards and shouted directions.The Collective Artists Network, a top talent agency for Bollywood A-listers, has long brokered the careers of real-life superstars. Now, it is engineer
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