The jobless rate dropped to 3.3 percent last month, the lowest for the month in 26 years, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.The country’s unemployment rate fell 0.04 percentage points from a month earlier, ending two months of increases, data compile
Lending costs at Taiwan’s five major state-run banks rose last month, pointing to a gradual tightening in credit conditions as stronger corporate earnings and investment activity lifted demand for loans, the central bank said on Thursday.The central bank based its assessment on data from Bank of Tai
PUSH BACK: Shareholders have voiced opposition to the deal, which creates a bonus pool for chip employees worth 10.5% of operating profit, saying it lacked validity
Samsung labor union members were to vote yesterday on a tentative wage deal that could deliver hefty bonuses to chip workers and helped avert a major strike at the South Korean tech giant this week.The company and its union reached the provisional agreement late on Wednesday after government-mediate
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention.Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates d
Cosplayers mingle during the MCM Comic Con at the ExCeL exhibition center in London yesterday.
MEMORY SHORTAGE: The company has raised NT$78.7 billion in private placements, which it is to use in the construction of a new plant, increasing capacity
Nanya Technology Corp (南亞科技) yesterday said more customers are tending to secure longer-term, or multiple-year DRAM supply contracts, suggesting the ongoing memory shortage could continue until the end of next year at least.The company attributed the solid customer demand to explosive growth in arti
Taiwanese consumers were more upbeat this month on the economy and spending, with optimism toward the stock market and risk appetite climbing to record highs, a sentiment survey released on Wednesday by Cathay Financial Holding Co (國泰金控) showed.The improvement in confidence came as a ceasefire betwe
The global artificial intelligence (AI) industry is entering a new phase in which growth is shifting beyond AI model development to infrastructure expansion and real-world deployment on devices and across industries, Market Intelligence and Consulting Institute (MIC) director-general Chris Hung (洪春暉
Chip giant Nvidia Corp on Wednesday posted record quarterly revenue of US$81.6 billion, blowing past Wall Street forecasts as insatiable demand for its artificial intelligence (AI) hardware powered another blockbuster quarter.The results for the first quarter of next fiscal year, ending on April 26,
Samsung Electronics Co’s chip employees are expected to receive average bonuses worth 509 million won (US$336,890) this year, a company official said yesterday, under a tentative deal between management and labor unions to avert a strike.The tech giant and its union reached the provisional agreement
A remote-controlled robot performs at the Drone World Congress in Shenzhen, China, yesterday.
Two of Taiwan’s international carriers, Starlux Airlines Co (星宇航空) and EVA Airways Corp (長榮航空), have retained the five-star airline rating awarded by international airline review organization Skytrax.Starlux was awarded the distinction for a second consecutive year, while EVA Air received it for the
Tokyo Electron's Taiwan unit today said in a written response that it respects the judicial process, takes the court ruling seriously and would not appeal in the Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) trade secrets case.Last month, a court fined the Taiwan unit of Japan's Tokyo Electron
CORE DRIVER: Orders for electronic products and machinery saw an increase, underscoring robust demand for semiconductor-related services and equipment
Export orders last month rose 48.1 percent year-on-year to US$87.45 billion, marking the 15th consecutive month of increases and the second-highest monthly level on record, the Ministry of Economic Affairs said yesterday.The rise decelerated from the 65.9 percent annual increase recorded in March an
Taiwan posted a strong current account surplus in the first quarter, driven mainly by a surge in exports linked to global demand for new technologies, especially electronics used in artificial intelligence applications, the central bank said yesterday.The current account surplus rose by US$32.84 bil
TECH RELIANCE: Growth is increasingly reflecting an unequal K-shaped distribution, where technology sectors outperform and other industries struggle, an expert said
Standard Chartered Bank has significantly raised its forecast for Taiwan’s economic growth to 9.5 percent this year, up from 7.6 percent previously, citing surging artificial intelligence (AI) demand driving exports, semiconductor production and investment.The upgrade reflects a sustained AI supercy
Far EasTone Telecommunications Co (遠傳電信) yesterday said the high-speed broadband satellite services from Amazon Leo might become available in Taiwan as soon as next year, as the company works to clear all major regulatory hurdles.The company still has to overcome six to seven regulatory hurdles, as
HSBC Holdings PLC yesterday appealed to staff not to fight artificial intelligence (AI), saying it would destroy jobs while creating new ones, as banking rival Standard Chartered PLC sought to calm workers over comments that the technology would replace “lower-value human capital.”The predictions ar
Photographers snap pictures of a Cavira all-electric sport utility vehicle developed by Foxtron Vehicle Technologies Co at a news conference in Taipei yesterday. The company said it started accepting pre-orders this month at NT$1.239 million (US$39,156) per unit for the rear-wheel drive, single-moto
RSS