Intel Corp CEO Lip-Bu Tan (陳立武) on Thursday gave investors a stark diagnosis of the chipmaker’s problems, along with the sense that it would take a while to fix them.Intel’s bureaucratic corporate culture needs a shake-up, Tan said, so he is going to cut jobs, remove layers of management and force e
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider.La
The Taiwan Institute of Economic Research (TIER) yesterday cut its GDP growth forecast for Taiwan from 3.42 percent to 2.91 percent this year, as the nation’s economy is bracing for a bumpy ride amid mounting global uncertainties and US trade policy swings.It pinned the downgrade chiefly on US Presi
DISCUSSIONS AHEAD: Officials from Thailand and South Korea are expected to visit the state to talk about an LNG project sometime in the next two weeks, a source said
US President Donald Trump’s energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea would announce commitments to the Alaska liquefied natural gas (LNG) project, a source familiar with the matter said on Thursday.Trump has touted the US$44 billion
The IMF said Asian central banks generally have room to lower interest rates to support domestic demand and offset the impact of the escalating global trade war, with the region in much stronger shape than before the Asian financial crisis.Inflation in the region is at par or even below central bank
Filipino actor Soliman Cruz stands inside a transparent bubble while activists wearing masks touch the bubble during an anti-pollution protest at Rizal Park in Manila yesterday. The protest is part of the 350 Pilipinas campaign on Manila’s air pollution crisis, which is due to traffic emissions, fos
STUDYING OPTIONS: Possible measures include sparing cars and parts from the ‘stacking’ of levies, and fully exempting auto parts that comply with the USMCA
The administration of US President Donald Trump is considering whether to reduce certain tariffs targeting the auto industry that automaker executives have warned would deal a severe blow to profits and jobs.One measure would spare automobiles and parts already subject to tariffs from facing additio
CAUTIOUS approach: US trade policy is rattling consumer and property market confidence, and would weigh on property investment, Colliers said
Commercial property deals totaled NT$28.7 billion (US$882.29 million) last quarter, slumping 37 percent year-on-year, as global economic uncertainty and lingering credit controls in Taiwan chilled the market, Colliers International Taiwan (高力國際) said yesterday.“Unclear US tariff policies are driving
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest.The new charging piles, which deliver up to 1 megawatt of charging power, are desi
US Secretary of the Treasury Scott Bessent on Wednesday said that high tariffs between the US and China are not sustainable, as US President Donald Trump’s administration signaled openness to de-escalating a trade war between the world’s two largest economies that has raised fears of recession.The t
SK Hynix Inc warned of increased volatility in the second half of this year despite resilient demand for artificial intelligence (AI) memory chips from big tech providers, reflecting the uncertainty surrounding US tariffs.The company reported a better-than-projected 158 percent jump in March-quarter
The nation is to stockpile critical minerals in a new strategic reserve, Australian Prime Minister Anthony Albanese said yesterday, as nations scramble to source rare earths and coveted metals outside China.Mining superpower Australia sits on bulging deposits of lithium, nickel and cobalt — metals u
Women pose for photos in a fur-covered car at the Shanghai auto show yesterday.
HIGH-TECH INDUSTRY: Production of electronic components grew 20.39 percent and semiconductors 24.19 percent, while automotive products dropped 11.18 percent
The industrial production index last month expanded 13.65 percent annually to 106.1, reaching a three-month high, while also increasing 11.95 percent annually in the first quarter, as demand for artificial intelligence (AI) and high-performance computing (HPC) applications remained robust, the Minis
HIGH VOLTAGE: Electricity demand from manufacturing rose 1.69 percent and 0.37 percent from the service sector for 1.49 percent overall, indicating a strong economy
Taiwan’s economic activity last month continued to gain support from inventory replenishment demand and rush orders ahead of the US government’s new tariffs, an electricity consumption survey by the Taiwan Research Institute (台灣綜合研究院) showed yesterday.The Electricity Prosperity Index (EPI) compiled
Shares in Taiwan recorded their second-highest daily point gain in history yesterday amid the possible easing of trade tensions between the US and China, and after US President Donald Trump indicated that he would not dismiss US Federal Reserve Chair Jerome Powell.The TAIEX closed up 845.71 points,
United Microelectronics Corp (UMC, 聯電) forecast that its wafer shipments this quarter would grow up to 7 percent sequentially and the factory utilization rate would rise to 75 percent, indicating that customers did not alter their ordering behavior due to the US President Donald Trump’s capricious U
Chipmaker Powerchip Semiconductor Manufacturing Corp’s (力積電) losses narrowed last quarter thanks to investment gains on technology transfer, the company said on Tuesday.During the March quarter, Powerchip lost NT$1.1 billion (US$33.9 million), compared with losses of NT$1.5 billion in the previous q
Elon Musk said he would be spending less time in Washington slashing government costs and more time running Tesla Inc after his electric vehicle (EV) company reported a big drop in profits.Musk said on a conference call with analysts on Tuesday that “now that the major work of establishing Departmen
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