It took a steep hike in mobile Internet tariffs to unleash a rebellion among Cuban students on a scale unseen since the 1959 revolution that brought former Cuban president Fidel Castro to power.The new pricing structure, which came into effect on May 30, punished people who exceeded their meager mon
The crash of a Boeing 787 passenger jet in India minutes after takeoff on Thursday is putting the spotlight back on a beleaguered manufacturer, although it was not immediately clear why the plane crashed.The Air India 787 went down in the northwestern city of Ahmedabad, India, with more than 240 peo
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year
Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China.The numbers, being reporte
High-speed data transmission chip designer ASMedia Technology Inc (祥碩) yesterday said revenue would grow sequentially next quarter, fueled by robust upgrade demand for USB 4.0 technology and increased demand for Advanced Micro Devices Inc’s (AMD) desktop chips and motherboards.ASMedia said it expect
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) yesterday expressed a downbeat view about the prospects of humanoid robots, given high manufacturing costs and a lack of target customers.Despite rising demand and high expectations for humanoid robots, high research-and-development costs and uncerta
BANKING WOES: Shareholders were told that for every NT$1 appreciation against the US dollar, Hua Nan Commercial Bank would post NT$120 million less profit
The nation’s major financial conglomerates yesterday told their shareholders that the New Taiwan dollar’s rapid appreciation is taking a toll on their US-dollar based assets, but that the impact is manageable.Shareholders gave their go-ahead to Fubon Financial Holding Co’s (富邦金) plan to distribute a
Eurozone industry and trade took major hits in April, likely reflecting US tariffs announcements, challenging the view of economists that the bloc is holding up well in the face of economic turmoil.Industrial production fell by 2.4 percent month-on-month in April, more than the already-weak expectat
An employee works on a production line of bamboo food containers at Zhejiang Fenghui Bamboo and Wood Products Co in Anji, China, yesterday. The Chinese economy rode out the tariff roller-coaster last month even as domestic consumption likely weakened again, after a masssive government fiscal stimulu
FOREX IMPACT: Insurers would be allowed to use six-month average exchange rates when calculating their risk-based capital in their semiannual reports, the FSC said
Taiwanese regulators have moved to help the nation’s insurers deal with the impact of a recent surge in the local currency, which had left them with massive paper losses on their foreign holdings.Insurers would be allowed to use six-month average exchange rates when they calculate risk-based capital
COMPLEMENTARY: Taiwan is experienced in business collaboration and tech, while France offers research and highly educated talent, the event organizer said
Taiwan is showcasing its tech and start-up strengths at this year’s Viva Technology conference, with the Taiwan Pavilion opening its exhibition on Wednesday in Paris.The Taiwan Pavilion features 29 tech start-ups that can “solve problems in 34 industrial fields,” said Lin Der-sheng (林德生), head of th
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development.The lab is TSMC’s first laboratory collaboration with a university outside Taiwan,
US President Donald Trump on Wednesday said that he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties on dozens of economies.“We’re going to be sending letters out in about a week and a half
Intelligo Technology Inc (意騰科技), which specializes in deep neural network algorithms used in voice identification, yesterday said that net profit this year would grow significantly from last year, driven mainly by rising demand for chips used in Nintendo Co’s new game consoles.Intelligo Technology h
Taiwanese employers are signaling steady hiring activity heading into the third quarter, with the healthcare, energy and technology sectors leading in job creation, a quarterly survey by ManpowerGroup showed on Tuesday.About 36 percent of companies plan to increase headcount next quarter, while 16 p
Micron Technology Inc is expanding its domestic investment plan to US$200 billion as its seeks to boost US semiconductor manufacturing, with the backing of US President Donald Trump’s administration, the US chip giant said yesterday.The move, aimed at strengthening America’s domestic chip supply cha
Pursuant to Sections 693(1) and 694(1)(2)(c) of the Companies Ordinance (Cap 622 of the laws of Hong Kong), by way of the “Notice to Minority Shareholders – Takeover” (Form NRE1) of even date which follows (the “Notice”), ZKG Holdings Company Limited, the Offeror hereby gives notice to Ms. Huang Tao
A visitor looks at XPeng Inc’s Iron humanoid robot, powered by its in-house Turing artificial intelligence chip, at the International Automotive and Supply Chain Expo in Hong Kong yesterday. The expo runs until Sunday.
BOOMING INDUSTRY: Capacity had already been expanded by 30 percent last year, but this was still not enough to keep up with the rising demand, the company said
MPI Corp (旺矽), a wafer testing services provider, yesterday said it aims to expand its probe card capacity by 30 percent this year in a bid to satisfy customers’ growing demand over the next few years amid the global artificial intelligence (AI) boom.The new capacity expansion came as the company is
ECONOMIC DIVIDEND: Real wage growth grew 1.6 percent in April, the quickest in five years, while overtime pay was the highest for that month on record, DGBAS said
The wage growth in Taiwan’s industrial and service sectors in April accelerated from the previous month, driven by a surge in manufacturing demand ahead of potential US tariff hikes — a sign that the labor market held healthy even as global trade tensions loom.Average regular wages gained 3.22 perce
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