CORE DRIVER: The company has capitalized on the AI boom, with cloud computing revenue accounting for 66.75 percent of total revenue, the company chairman said
Foxconn Industrial Internet Co (FII, 工業富聯), a subsidiary of Hon Hai Precision Industry Co (鴻海精密), yesterday said it expects strong growth this year, driven by booming demand for artificial intelligence (AI) and high-end interconnects.FII, 84 percent owned by Hon Hai, was listed on the Shanghai Stock
Asia is more vulnerable to an energy shock than other regions because of its heavy reliance on Middle East fuel, an IMF executive said, warning of an acute hit to growth if a prolonged war triggers supply shortages.The region’s economies entered the year on solid footing due to lower-than-expected U
A gauge of industrial metals jumped to a record high on the London Metal Exchange Index (LMEX) on Thursday, driven by gains in aluminum after the Middle East war disrupted supplies, as well as a revival in copper.The LMEX has rallied by almost 12 percent over the past four weeks and was at an all-ti
The US said it plans to help build a first-of-its-kind industrial hub in the Philippines to boost production of inputs crucial to US supply chains.The 4,000-acre hub is intended to be “a purpose-built platform for allied manufacturing” and “an investment acceleration hub where the specific industria
An employee holds a rubber duck during a Canva AI demonstration at the Canva Pty Ltd headquarters in Sydney, Australia, on April 2. Canva is pouring hundreds of millions of dollars into artificial intelligence (AI) to try to become the operating system for AI-native design.
NO SHORTCUTS: Asked about Elon Musk’s Terafab initiative, TSMC CEO C.C. Wei said it takes two to three years to build a fab and another one to two to ramp it up
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its revenue growth forecast for this year to above 30 percent, up from the 25 percent it estimated three months earlier, citing extremely robust artificial intelligence (AI)-related chip demand.“Our customers and customers’ customers
NEXT STEP: The phone lens maker is venturing into the co-optics business — focusing on fiber array units — for AI servers, chairman Adam Lin said
Largan Precision Co (大立光), a key iPhone lens supplier, yesterday reported that its gross margin increased to 49.4 percent in the first quarter this year, the best in three quarters, thanks to eased inventory write-downs. The figure remained lower than the 54.63 percent margin a year earlier, weighed
Taiwan is attracting a growing number of foreign jobseekers as companies increasingly recruit overseas talent to ease labor shortages and expand global reach, recruitment platform 104 Job Bank (104人力銀行) said yesterday. More than 40,000 foreign nationals searched for jobs in Taiwan through the platfo
Taiwan’s fuel shipments are still mainly routed through the Red Sea, despite Iran’s threats to cut off access to the Red Sea in response to the US’ blocking of Iranian ports, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday.Iran’s threats have yet to materialize and their feasibility
Taiwan’s life insurance industry reported strong premium growth in the first quarter, buoyed by demand for foreign-currency and investment-linked products, as insurers adjusted offerings ahead of new accounting and capital rules.Total premium income, including revenue from non-insurance contracts, c
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips.Staff working for the
People wait outside a McDonald’s fast-food restaurant in Beijing yesterday. China’s retail sales rose 1.7 percent year-on-year last month, slowing from a 2.8 percent gain in the January-February period and missing market expectations of a 2.3 percent gain, data released by the Chinese National Burea
Time magazine has listed Taiwan Semiconductor Manufacturing Co (台積電, TSMC) chairman and CEO C.C. Wei (魏哲家) as one of the 100 most influential people in the world this year.On the list published yesterday, Wei was featured in the Pioneers category, one of six groups that include Artists, Icons, Leade
CUSTOMER SUPPORT: The research center would facilitate closer collaboration with chipmakers worldwide to accelerate development of next-generation solutions, JSR said
JSR Corp yesterday launched an advanced planarization process solutions research center in Hsinchu County’s Hukou Township (湖口) to help major semiconductor customers, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), shorten the development time for new chips.JSR supplies lithography mate
The Ministry of Economic Affairs yesterday said global oil prices are unlikely to return to pre-war levels even if the US-Israeli war on Iran ends soon, although a swift resolution could help ease the financial burden on CPC Corp, Taiwan (CPC, 台灣中油) and Taiwan Power Co (台電).The movement of oil price
Taiwan’s wages jumped in February, driven largely by seasonal bonus payouts, while underlying salary growth remained modest and total employment slipped due to the Lunar New Year holiday, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.The average regular monthly
ACROSS THE BOARD: The nation’s largest steelmaker increased prices for the fifth consecutive month, as global steel prices continued their upward momentum
China Steel Corp (中鋼), the nation’s largest steelmaker, yesterday raised domestic prices across the board for next month on the back of robust seasonal demand and inventory restocking by downstream clients.The Kaohsiung-based company raised prices by NT$1,000 to NT$1,200 per tonne, its fifth consecu
Yageo Corp (國巨), the world’s third-largest multilayer ceramic capacitor supplier, yesterday said that revenue would grow moderately this quarter, as robust demand pushes its order backlog to a record high.The growth momentum has continued from last quarter, when Yageo’s revenue rose 6.1 percent sequ
ASML Holding NV yesterday raised its full-year sales forecast as the surge in global artificial intelligence (AI) spending fuels semiconductor production and boosts demand for the company’s advanced chipmaking machines.Net sales would be between 36 billion euros and 40 billion euros (US$42.56 billio
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