LAND TRANSFER: The city government and Shin Kong Life are to sign an agreement next week relinquishing the insurer’s rights to two plots that are to be used by Nvidia
The Ministry of Economic Affairs (MOEA) yesterday approved an application from US artificial intelligence chip giant Nvidia Corp to set up a subsidiary in Taiwan.Nvidia is to invest NT$1 billion (US$32.12 million) to set up the Taiwanese subsidiary, the ministry said.The ministry had approved Nvidia
Taiwan Semiconductor Manufacturing Co (TSMC) Chairman C.C. Wei (魏哲家) and the company’s former chairman, Mark Liu (劉德音), both received the Robert N. Noyce Award -- the semiconductor industry’s highest honor -- in San Jose, California, on Thursday (local time).Speaking at the award event, Liu, wh
Intel Corp CEO Lip-Bu Tan (陳立武) dismissed reports about a new hire taking trade secrets from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to his company, saying the US chipmaker respects other firms’ intellectual property (IP).Taiwanese newspapers spent the week reporting on the transition of L
Taiwanese stocks tumbled yesterday as global risk aversion intensified, with the benchmark TAIEX sliding 3.61 percent, or 991 points, marking the sixth-largest single-day point drop in history, brokers said.The retreat surpassed that of Hong Kong’s Hang Seng Index, which fell 2.38 percent, and Japan
Bitcoin is on track for its worst monthly performance since a string of corporate collapses rocked the wider crypto sector in 2022.The largest cryptocurrency yesterday slid as much as 6.4 percent to US$81,629 before paring losses, according to data compiled by Bloomberg. It was trading at US$84,166
TRADE WAR: Nvidia’s expansion has faced challenges, with US restrictions on shipping advanced chips to China locking the company out of a massive market for its products
Nvidia Corp on Wednesday delivered a surprisingly strong revenue forecast and pushed back on the idea that the artificial intelligence (AI) industry is in a bubble, easing concerns that had spread across the technology sector.The world’s most valuable company expects sales of about US$65 billion in
Minister of Economic Affairs Kung Ming-hsin (龔明鑫) yesterday said Taiwan’s economy “is not ill,” adding that the development has been strong over the past decade.Kung made the statement on the sidelines of a legislative meeting in Taipei, in response to The Economist magazine’s cover story last week
EXPANSION: WinWay said it plans to build an Arizona plant next year, in response to demand for US capacity and some customers’ ‘no China, no Taiwan’ policies
Chip testing interface supplier WinWay Technology Co (穎崴) yesterday said it would double its probe capacity next year to meet strong chip testing demand for artificial intelligence (AI) applications and servers.The company also downplayed concerns over a potential AI bubble, saying demand for WinWay
Export orders last month expanded 25.1 percent year-on-year to US$69.37 billion, the ninth straight month of double-digit percentage growth and the second-highest for a single month, driven by strong demand in the artificial intelligence (AI), high-performance computing and cloud service industries,
The European Chamber of Commerce Taiwan (ECCT) yesterday urged the government to move faster to bolster the nation’s economic and societal resilience, cautioning that Taiwan cannot count on the artificial intelligence (AI) boom to drive growth forever.Taiwan was one of the clear winners of the COVID
E.Sun Financial Holding Co (玉山金控) plans to inject at least half a billion dollars to revive a struggling life insurance firm it is acquiring, as part of its broader ambition to become a more prominent player in Taiwan’s increasingly competitive financial sector.The Taipei-based financial holding com
Dancers perform at a news conference in Nantou County’s Puli Township yesterday promoting the upcoming Puli Flower Exhibition and Nantou Floral Carnival, which are to start tomorrow and run until Dec. 7 at the Puli Flower Logistics Center and the plaza in front of Puli Hengji Temple respectively.
HIGH DEMAND: The firm is establishing new production lines in Taoyuan to cope with rapidly growing demand for electronic shelf labels in the US, UK and Europe
E Ink Holdings Inc (元太科技), the world’s largest e-paper display supplier, yesterday said it expects its revenue and net profit to hit historical highs in the next three years through 2028, fueled by rising uptakes of its new large signage, and robust demand for store shelf labels and electronic reade
FUTURE BET: The company expects profit to increase due to the rapid growth in demand for smart glasses, although camera lenses would remain its core business
Genius Electronic Optical Co (玉晶光), which supplies camera lenses for Apple Inc’s iPhones, yesterday said smart glasses are poised to become the next personal computing platform after smartphones, presenting a significant opportunity and a major challenge for companies producing lenses and optical pr
Taiwan’s economy appears to have emerged from its most challenging phase and is expected to improve next year, trade group Third Wednesday Club (三 三會) said yesterday, as easing global trade tensions following recent US tariff adjustments begin to take effect.The local business community generally be
Nvidia Corp and Microsoft Corp on Tuesday announced investments totaling US$15 billion in artificial intelligence (AI) start-up Anthropic PBC, creator of the Claude chatbot, amid frenzied spending on the technology and growing fears of a bubble.AI chip powerhouse Nvidia committed up to US$10 billion
China Airlines Ltd (CAL, 中華航空) yesterday unveiled the country’s first Disney-themed aircraft, featuring a special livery and onboard items with characters from the upcoming animated film Zootopia 2.At the unveiling ceremony at Taiwan Taoyuan International Airport, CAL chairman Kao Shing-hwang (高星潢)
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is unlikely to be impacted if some of its technical secrets get leaked, Pegatron Corp (和碩) chairman Tung Tzu-hsien (童子賢) said yesterday.Tung made the comment after local media reported that former TSMC executive vice president Lo Wei-jen (羅唯仁) allege
The number of Taiwanese working in the US rose to a record high of 137,000 last year, driven largely by Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) rapid overseas expansion, according to government data released yesterday.A total of 666,000 Taiwanese nationals were employed abroad last year,
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