Cathay Financial Holding Co (國泰金控) yesterday said that the local currency’s sharp appreciation has limited impact on its life insurance arm, thanks to 20 years of experience in managing foreign exchange risk.Cathay Life Insurance Co (國泰人壽) has stood by a dynamic and flexible hedging strategy, which
RESILIENCE: Cooperation between Taiwan, Japan, the US and Europe would prevent supply chain interruptions and guarantee global economic security, Japan’s envoy said
President William Lai (賴清德) yesterday called for unity and cooperation in the global semiconductor supply chain to take on dumping by Chinese suppliers.Speaking at a semiconductor forum organized by the Industrial Technology Research Institute (ITRI, 工研院), Lai said the semiconductor sector continues
Industrial production expanded 22.31 percent annually last month to 107.51, as increases in demand for high-performance computing (HPC) and artificial intelligence (AI) applications drove demand for locally-made chips and components.The manufacturing production index climbed 23.68 percent year-on-ye
Hon Precision Industry Inc (鴻勁精密) yesterday said it is upbeat about the growth prospects for the next one-and-a-half years, denying reports that the artificial intelligence (AI) boom would not last long, given weakening demand for advanced packaging technology used in the manufacturing process of AI
Progate Group Corp (巨有科技), an application-specific integrated circuit (ASIC) developer, said it expects revenue to grow this year, backed by rapidly growing demand for artificial intelligence (AI) chips, given the rise in AI applications, from cloud to edge devices.“We are expecting growth momentum
People repair a robot in the Yangtze Optical Fibre company during a press trip in Wuhan, China, yesterday.
UPTREND ENDS: The unemployment rate for this month is expected to drop further, despite a slight uptick in reduced work hours, a Census Department official said
Taiwan’s labor market showed signs of resilience and modest improvement last month, with the unemployment rate edging down 0.03 percentage points from the previous month to 3.32 percent, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.The data terminated a two-mon
‘NORMAL SPENDING’: Orders have poured in, lifting its book-to-bill ratio, hinting that customers have gained control over tariff uncertainties, Aspeed’s chairman said
Aspeed Technology Inc (信驊), which supplies baseboard management controls (BMC) for servers powered by Nvidia Corp chips, gave a positive outlook for this year, expecting revenue to expand annually by a double-digit percentage on the back of relentless growth in server demand.The upbeat forecast come
The administration of US President Donald Trump on Wednesday said it would maintain efforts to keep advanced artificial intelligence (AI) technology out of China’s hands, brushing off calls from Nvidia Corp chief executive officer Jensen Huang (黃仁勳) to ease restrictions on chip exports to the world’
Xiaomi Corp’s (小米) founder yesterday outlined plans to outfit the firm’s top-end devices with advanced homegrown mobile processors, showcasing the company’s ambitions to expand its tech portfolio and compete with US heavyweights.Lei Jun (雷軍), who shot to fame with bold plans to unseat Apple Inc in C
In the world’s biggest bond market, investors are pushing back against US President Donald Trump’s tax-cut plan.On Wednesday, they drove yields on benchmark 30-year US Treasuries to as high as 5.1 percent, leaving them just shy of a two-decade high and sparking declines in stocks and the US dollar a
Workers yesterday fill bags with fresh bread at a bakery in Deir el-Balah in the Gaza Strip. The Hamas government media office reported the arrival of 87 aid trucks, which it said were allocated to international and local organizations.
‘FAILED EXPORT CONTROLS’: Jensen Huang said that Washington should maximize the speed of AI diffusion, because not doing so would give competitors an advantage
Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) yesterday criticized the US government’s restrictions on exports of artificial intelligence (AI) chips to China, saying that the policy was a failure and would only spur China to accelerate AI development.The export controls gave C
Yulon Motor Co (裕隆汽車) yesterday said that total new vehicle sales in Taiwan this year would likely drop below last year’s level as buyers wait on the sidelines amid lingering tariff worries.Taiwan is conducting tariff negotiations with the US after Washington announced a 90-day pause to “reciprocal”
Quanta Computer Inc (廣達), which supplies artificial intelligence (AI) servers powered by Nvidia Corp’s chips, yesterday said server revenue would grow steadily in the coming quarters, with sales of AI and general servers expected to grow by a double-digit percentage this year from last year.Shipment
‘HEROES NEED ALLIES’: Pegatron’s chairman said that the rise of AI has helped Taiwan cement its position at the top of the industry and develop close partnerships
Pegatron Corp (和碩) expects triple-digit server revenue growth this quarter from last quarter on the back of strong customer demand, and holds a more optimistic outlook for its server business in the second half of the year than the first, company cochief executive officer Johnson Teng (鄧國彥) said at
The central bank has continued to increase its holdings of US Treasuries this year, despite heightened market volatility and rising yields, Deputy Governor Yen Tzung-ta (嚴宗大) said at the legislature in Taipei yesterday.The activity comes as Taiwan’s foreign exchange reserves expand steadily, providi
US-China tech tensions are flaring again, with Beijing threatening legal action against anyone enforcing Washington’s restrictions on Huawei Technologies Co’s (華為) chips, casting a shadow over a recent trade truce and efforts to sustain dialogue.The Chinese Ministry of Commerce said in a statement y
French President Emmanuel Macron has expressed gratitude to Taiwan-based Hon Hai Precision Industry Co. for its plan to invest approximately 250 million euros (US$278 million) in a joint venture in France focused on the semiconductor and space industries.On his official X account on Tuesday, Macron
Mugs, computer bags and storage bags cobranded with Taiwanese Kuaikuai puffed corn snacks are pictured at a pop-up store at the Computex trade show in Taipei yesterday. The green-packaged Kuaikuai snack is commonly used by Taiwanese technology workers as a lucky charm against computer malfunctions.