FOREIGN INVESTING: Investors from around the world have set records over the past several months as money pours into explosively expanding Taiwanese holdings
Foreign exchange reserves at the end of last month moved higher for the second consecutive month, while foreign investors’ holdings in Taiwan-listed stocks, bonds and New Taiwan dollar-denominated deposits neared US$1.9 trillion, the central bank reported on Friday.The nation’s foreign exchange rese
CPC Corp, Taiwan (CPC, 台灣中油) announced on Saturday that it would leave domestic gasoline and diesel prices unchanged this week to ease the impact of high international crude oil prices amid tensions in the Middle East.Formosa Petrochemical Corp (台塑石化) yesterday said it would also maintain fuel price
HSBC Holdings PLC is deepening its commitment to Taiwan as the economy emerges as one of the bank’s fastest-growing markets globally, driven by an artificial intelligence (AI) investment boom, expanding cross-border trade, and rising wealth creation.“The advantage that Taiwan has is a growth story l
Alphabet Inc’s Google has agreed to pay Elon Musk’s Space Exploration Technologies Corp (SpaceX) US$920 million a month for computing power as part of a cloud services deal that runs through mid-2029, its second such agreement with an artificial intelligence (AI) competitor in a matter of weeks.Goog
A vendor shrinkwraps fruit before displaying it for sale before World Food Safety Day in Sana’a, Yemen, on Saturday.
The cars navigating Brazil’s crowded streets currently powered by sugarcane or corn-based ethanol could before long run on a cornucopia of fuels made from grains, tubers and other exotic feedstocks.A new wave of biofuel innovation is sweeping the nation, with developers in unexpected corners of the
Investors cheered when Venezuela opened its vast mineral reserves to private capital in April, but gang control over many mines could prove a powerful obstacle.The South American country, which is undergoing a profound transformation following the US overthrow of then-Venezuelan president Nicolas Ma
South Africa cannot create nearly enough green jobs to make up for the many thousands it would lose as it closes polluting coal mines and power stations, experts said, adding to the country’s burden of massive and rising unemployment.Nearly one-in-three South Africans are unemployed, latest governme
FUEL-DRIVEN: Last month’s 2.2% growth breached the bank’s 2% alert level, with communications and transportation prices rising 4% due to higher crude oil costs
Consumer price index (CPI) growth last month topped a 2 percent alert level set by the central bank largely due to a spike in crude oil prices amid military conflicts in the Middle East, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.Data compiled by the DGBAS sh
BRIGHT PROSPECTS: The company expects second-quarter performance to beat its forecast, but global political and economic factors bear watching
Hon Hai Precision Industry Co (鴻海精密) yesterday reported a 39.57 percent annual increase in revenue last month to a record NT$859.4 billion (US$27.3 billion), driven by strong growth in its cloud and networking business.On a sequential basis, revenue grew 3.28 percent from NT$832.1 billion in April,
Nvidia Corp CEO Jensen Huang (黃仁勳) yesterday said that his company has arranged to boost capacity in the second half of this year to next year to meet robust demand.Before boarding his private jet at the Songshan Airport in Taipei to wrap up a 14-day trip to Taiwan, Huang told reporters that Nvidia
Nvidia CEO Jensen Huang (黃仁勳) yesterday said that robotics would be South Korea’s next major sector, as he arrived for his second visit in seven months, underscoring deepening ties with local firms in not only chips, but also robotics and artificial intelligence (AI) factories.“Because [South] Korea
The eurozone economy shrank at the start of the year after an unprecedented contraction in Ireland forced a revision to data that originally showed feeble growth.Economic growth in the first three months of the year fell 0.2 percent, Eurostat said yesterday, compared with an earlier estimate of 0.1
A bookseller holds a book at a book shop in the GUM department store yesterday, during the annual Red Square Book Festival celebrating Alexander Pushkin’s birthday in Moscow.
‘INSANE YEAR’: C.C. Wei said he is confident that Taiwan’s AI supply chain would fend off foreign competition, dismissing concerns South Korea would take over
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said an explosive demand for artificial intelligence (AI) chips has led to pervasive supply constraints and it is accelerating capacity expansions to avert bottlenecks.“We are trying not to become the bottleneck. Supply is a little bit tigh
The Industrial Technology Research Institute (ITRI, 工研院) yesterday said that a US drone industry certification program has granted it Green UAS evaluation authorization.In addition, the institute signed a memorandum of understanding (MOU) with state-backed Aerospace Industrial Development Corp (漢翔航空
EXPANSION HURDLES: Msscorps said the issue of semiconductor materials analyses would become more important as firms move toward more advanced technologies
Taiwanese companies across the artificial intelligence (AI) supply chain yesterday said they expect robust growth ahead as AI investment accelerates, but warned that bottlenecks are emerging in areas ranging from memory chips and advanced packaging to semiconductor material analyses.At a Taiwan Stoc
The rapid growth of artificial intelligence (AI) is transforming the role of server manufacturers, forcing them to expand globally and take on increasingly complex integration work that extends far beyond traditional hardware assembly, Wistron Corp (緯創) chief technology officer David Shen (沈慶堯) said
Taiwan yesterday launched a one-stop banking initiative aimed at making it easier for foreign residents to access financial services, designating six banks to provide streamlined account opening, credit card and international transfer services.The National Development Council (NCD) certified six par
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