President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋).This signals Taiwan’s transformation into the world’s largest Google hardware research a
The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) yesterday raised its GDP growth forecast to 3.29 percent this year, a 0.14 percentage points increase from three months earlier, as exports gain faster traction despite disappointing private investment.“The economic sectors showed improvement
MAJOR BENEFICIARY: The company benefits from TSMC’s advanced packaging scarcity, given robust demand for Nvidia AI chips, analysts said
ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip packaging and testing service provider, yesterday said it is raising its equipment capital expenditure budget by 10 percent this year to expand leading-edge and advanced packing and testing capacity amid strong artificial intelligence
E Ink Holdings Inc (元太科技), the world’s largest e-paper display supplier, yesterday said business is recovering gradually from an inventory correction cycle thanks to rapid and smooth technology upgrades in using new color e-paper displays on electronic readers and electronic shelf labels (ESLs).The
The US plans to award Micron Technology Inc US$6.1 billion in grants and as much as US$7.5 billion in loans to help the memory-chip maker build new US factories, rounding out a slew of major federal awards for advanced semiconductor manufacturing.Micron pledged to invest about US$125 billion to buil
Staff adjust a teaching system developed using artificial intelligence technology “PROS Twins” during the AI EXPO Taiwan exhibition “AIVOLUTION” in Taipei yesterday.
IMPROVEMENT EXPECTED: The company holds a cautiously optimistic view about this year, an official said, adding that an increase in wafer shipments is predicted
United Microelectronics Corp (UMC, 聯電) yesterday reported its weakest quarterly net profit in three years, which it attributed to a prolonged inventory correction.However, the company said it expects wafer shipments to grow about 3 percent this quarter as demand from communication and computer segme
The nation’s securities account balance, a gauge of retail investors’ confidence in local equities, rose to its highest level last month, as the TAIEX rallied 1,327.68 points — or 7 percent — in the month, data released by the central bank showed yesterday.The securities account balance increased fo
The potential of generative artificial intelligence (AI) is “infinite” and it is therefore hard to estimate what its market value could rise to, evidenced by the huge range of predictions — US$200 billion to US$7 trillion — made by various institutions, Qualcomm Technologies Inc vice president S.T.
The EU yesterday announced a probe into China’s medical devices market, prompting an immediate accusation from Beijing that the bloc was engaging in “protectionism.”Brussels fears China is favoring its own suppliers when it comes to the procurement of medical devices. The EU’s official administrativ
FUTURE PLANS: Tesla said it would continue to pursue a ‘revolutionary’ manufacturing strategy on a ‘robotaxi product,’ but analysts expressed skepticism about the venture
Tesla Inc on Tuesday reported a big drop in quarterly profits amid an increasingly cutthroat electric vehicle (EV) market, but shares rallied as CEO Elon Musk pledged to accelerate plans for more affordable EVs.Tesla reported profits of US$1.1 billion, down 55 percent year-on-year on revenue of US$2
SK Hynix Inc plans to spend about US$14.6 billion building a new memorychip complex in South Korea, preparing to meet rapidly growing demand for semiconductors employed in artificial intelligence (AI) development.The company intends to set aside an initial 5.3 trillion won (US$3.9 billion) to begin
Visitors inspect a firefighting robot during the Secutech trade show at the Taipei Nangang Exhibition Center's Hall 1 yesterday. The international security exhibition opened yesterday and runs until tomorrow.
PICKUP: The economics ministry expects manufacturing output to improve quarterly for the rest of the year, buoyed by demand for chips and other electronic components
Industrial production rose 6.01 percent year-on-year last quarter, snapping six quarters of losses, due to robust demand for artificial intelligence (AI) devices, high-performance computing (HPC) applications and data centers, the Ministry of Economic Affairs said yesterday.Manufacturing output, whi
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said its operations were not affected by a spate of strong earthquakes that were centered in eastern Taiwan and shook much of the nation early yesterday morning.In a statement, the world’s largest contract chipmaker said that soon after the
Taiwan’s economic activity last month continued to gain support from demand for artificial intelligence (AI) applications, but some manufacturing industries remained weak while momentum in the service sector slowed, an electricity consumption survey by the Taiwan Research Institute showed yesterday.
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday.Sales in the wholesale sector also grew last month b
US companies are wary about investing in China because of policy unpredictability, a business group said, as Beijing struggles to attract foreign funds to boost its economy.“The inconsistency in policy over time and the discrepancy between stated policies and their implementation has led to a cautio
GROWTH TRACK: AI would be the major driving force behind the increase in non-recurring engineering revenue, the ASIC designer said
Application specific integrated circuit (ASIC) designer Faraday Technology Corp (智原) yesterday raised its projected revenue contribution from artificial intelligence (AI) related business to a high single digit this year, driven by robust demand for advanced 2.5D packaging technology, and expects gr
Chinese universities and research institutes recently obtained high-end Nvidia Corp artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China. A Reuters review of hundreds of tender documents shows 10 Chinese entities acquir