Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand.The chipmaker expects the growth momentum to continue in the next
UNDERPOWERED? The minister-designate has been visiting business owners, supply-chain companies and academics to get first-hand information on power consumption
J.W. Kuo (郭智輝), minister of economic affairs-designate and chairman of semiconductor raw materials and equipment supplier Topco Group (崇越集團), yesterday said he would prioritize a sufficient supply of electricity to businesses and supply chains that face urgent power needs after taking office on May
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC Internation
Taiwan Cement Corp leads low-carbon revolution with Volvo electric trucks: Driving toward a greener futureTaiwan Transport and Storage Corp (台灣通運倉儲) purchased the first Volvo electric truck, an FME 43-tonne tractor, and held a delivery ceremony for the “Launch of Low Carbon EV Green Transportation”
The business climate monitor for presale residential projects and new houses in northern Taiwan last month turned “yellow-red,” the first signal indicating a boom in 16 years, My Housing Monthly (住展雜誌) said yesterday.The total score of constituent measures stood at 52.6, rising from 45.1 in February
Europe’s economy is nearing the end of a malaise that has resulted in more than a year of near stagnation, European Central Bank (ECB) President Christine Lagarde said on Wednesday.Output in the eurozone is “recovering and we are clearly seeing signs of recovery,” Lagarde told the Council on Foreign
The G7 has renewed its commitments on foreign exchange policy that refer to the potentially harmful effects of excessive market movements, pledges that offer member states, including Japan, some latitude to defend their currencies in the face of a strong US dollar.A G7 statement released on Wednesda
Outfits once worn by Princess Diana are pictured at a media preview in Hong Kong on Wednesday ahead of an auction by Julian’s Auctions titled “Princess Diana’s Elegance & A Royal Collection.“
FUTURE PLANS: Although the electric vehicle market is getting more competitive, Hon Hai would stick to its goal of seizing a 5 percent share globally, Young Liu said
Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler and supplier of artificial intelligence (AI) servers powered by Nvidia Corp’s chips, yesterday said it has introduced a rotating chief executive structure as part of the company’s efforts to cultivate future leaders and to enhance corpor
Yulon Motor Co (裕隆汽車) yesterday released a positive growth projection for revenue this year, thanks to increasing shipments of its first electric vehicle (EV) model based on the MIH Open EV Platform developed by Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn.Yulon started shipping the e
SMART MOBILITY: Hon Hai Precision Industry Co is showcasing its Model N electric cargo van prototype, the Model B personalized urban car and components
The Taipei International Auto Parts and Accessories Show (Taipei AMPA), the Taipei International Automobile Electronics Show (Autotronics Taipei) and the 2035 E-Mobility Taiwan exhibition jointly opened yesterday at the Taipei Nangang Exhibition Center’s Hall 1, featuring electric vehicles along wit
Major trade groups yesterday called on incoming economics and finance ministers to prioritize ensuring stable electricity supply and power rates to make Taiwan a business-friendly nation.The Third Wednesday Club and the Chinese National Association of Industry and Commerce (CNAIC, 工商協進會) made the re
Dutch tech giant ASML Holding NV posted new orders that fell short of analyst expectations, hurt by a downturn in demand for its most advanced machines from the chipmaking industry.Bookings at Europe’s most valuable technology firm were 3.6 billion euros (US$3.8 billion) in the first quarter of the
Taiwan is ramping up international cooperation deals with countries like Canada and France in recent months as it parlays its role as the world’s chip kingpin to boost its global standing.Just over the past week, the National Science and Technology Council (NSTC) announced two tech deals. It signed
A woman in kimono poses at an azalea garden in the Nezu Shrine in Tokyo yesterday. The Japan National Tourism Organization yesterday said that 3.08 million foreigners visited the country last month, a record for a single month. The number represented an increase of 69.5 percent from March last year
MASS SELL-OFF: Geopolitical tensions aside, fund outflows by foreign portfolio managers and domestic proprietary traders also played a part in the drab showing
The TAIEX yesterday tumbled 2.68 percent, or 547.81 points, to 19,901.96, as escalating military conflict in the Middle East unnerved investors and triggered panic sell-offs across the board, analysts said.It was the first time the TAIEX dipped below 20,000 points since March 20.The slump came on th
Gudeng Equipment Co Ltd (家碩科技), a supplier of semiconductor equipment and components used in advanced chip manufacturing processes, yesterday said it has tentatively set a price of NT$216.8 per share for its debut on the Taipei Exchange next month at the earliest.The price represents about a 15 perc
Minister of economic affairs-designate J.W. Kuo (郭智輝), chairman of semiconductor raw material and equipment supplier Topco Group (崇越集團), has been dubbed a "slashie entrepreneur" in the business sector after developing multiple careers.Kuo, 71, was tapped by premier-designate Cho Jung-tai (卓榮泰) to jo
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed.The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said.Apartments
PERSISTENT WEAKNESS: The utilization rate of industrial capacity plunged to 73.6% in the first quarter, the lowest level since 2020 and down from 75.9% the previous quarter
China’s economy grew faster than expected in the first quarter, data showed yesterday, offering some relief to officials as they try to shore up growth in the face of protracted weakness in the property sector and mounting local government debt.However, a raft of indicators released alongside last m