GLOBAL: The company has approved plans to establish a Texas base as part of its expansion strategy, citing tariff pressures, client logistics and market diversification
Inventec Corp (英業達) has approved an investment plan of up to US$85 million to purchase commercial property and establish a manufacturing base in Texas, as the company seeks to address logistics and shipping needs for its artificial intelligence (AI) server business.The company’s board of directors a
TARIFF OFFSET: The chip tester expects AI-related revenue to climb further this quarter, and is expanding advanced packaging capacity to meet growing demand
Chip testing and packaging services provider Powertech Technology Inc (力成科技) yesterday said it expects revenue to rebound sequentially this quarter and next, driven by recovering demand for DRAM chips and chips used in artificial intelligence (AI) applications.The company said the pickup in memorych
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday.When asked by opposition Chinese Natio
US President Donald Trump is on track to ease the impact of his auto tariffs, with changes sought by the industry that would lift some levies on foreign parts for cars and trucks made inside the US.Imported cars would also be given a reprieve from separate tariffs on aluminum and steel, an effort to
Zeiss plans to unveil a new investment project next month at the Computex Taipei trade show, aiming to elevate Taiwan’s position as a global center for artificial intelligence (AI) technology, company executives said yesterday.The investment would be the second leg of the German company’s 10-year pl
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) on Sunday said that customer demand remained steady, with a positive order outlook, despite the US tariff threat.The company has been ramping up production over the past few months and would strive to overcome disruptions caused by US President Donal
NXP Semiconductors NV shares yesterday fell in premarket trading after the company announced a new chief executive officer as part of its quarterly earnings report and warned that tariff threats had created “a very uncertain environment.”CEO Kurt Sievers, 56, is to retire late this year, the Dutch c
People ride bicycles along a street in Taipei’s Daan District yesterday. The Directorate-General of Budget, Accounting and Statistics yesterday reported that Taiwan’s average net wealth per household reached a record NT$18.89 million (US$586,118) at the end of 2023, up 6.56 percent from a year earli
Taiwan remained the largest buyer of semiconductor production materials for the 15th consecutive year, procuring US$20.1 billion of materials last year, industry association SEMI said.Global semiconductor material spending grew by 3.8 percent from a year earlier to US$67.5 billion last year, SEMI sa
CLOUDY OUTLOOK: All six sub-indices on prices, economic outlook , job prospects, stock investment and durable goods purchases fell on US tariff threats, a poll showed
Taiwan’s consumer confidence took another blow this month, sliding for the seventh straight month to its worst state in a year, as people grew increasingly uneasy about economic uncertainties linked to US tariffs, a survey by National Central University showed yesterday.The consumer confidence index
PC vendor Asustek Computer Inc (華碩) will continue to develop artificial intelligence (AI)-enabled products and services this year, including PCs, servers, edge AI and artificial intelligence of things (AIoT) applications, the company’s annual shareholders’ report released on Sunday showed.The rapid
KNOW-HOW: CIER said Taiwan can help rebuild the US manufacturing sector by sharing its experience in developing science parks and industrial zones
Taiwan should seek a tariff exemption for its information and communications technology (ICT) products during negotiations with the US, as they constitute about 70 percent of the nation’s exports to the US, the Chung-Hua Institution for Economic Research (CIER) said yesterday. The impact of tariffs
Solar cell and module manufacturer TSEC Corp (元晶) yesterday said that it has seen customer inquiries rise, as US vendors seek to source cost-effective replacements after Washington imposed a punitive tariff of 3,521 percent on solar imports from Southeast Asian countries.That could provide a boost t
Beauty and daily merchandise retailer Poya International Co (寶雅國際) yesterday reported better-than-expected net income in the first quarter, as revenue and profit margins improved significantly from a year earlier.The company posted net profit of NT$784.59 million (US$24.17 million) for the January-t
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners.The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday.Chuang is to lead her team in Tai
Technology giant IBM Corp announced plans yesterday to invest US$150 billion in the US over five years, including US$30 billion earmarked for research and development to bolster manufacturing of mainframe and quantum computers."Technology doesn’t just build the future — it defines it," IBM chairman
Discount Chinese retail app Temu appears to be passing on nearly all of US President Donald Trump’s new import taxes to US consumers, more than doubling the cost of some products in a move that may add to concern about the inflationary impact of tariffs.Previously exempted from any levies under the
People sit in a boat made of recycled plastic as they use nets to collect plastic debris from an Amsterdam canal during a clean-up day on Sunday. The plastic fishing initiative is organized by the company “Plastic Whale” and aims to collect bottles for recycling into furniture and boats. The initiat
PRECAUTION: A French manufacturer of metal garden furniture said it started to plan for the tariffs once the result of the US presidential election became known
Stockpiling is the reflex response by firms to the imposition of tariffs, but with the rapidly changing position of US President Donald Trump’s administration, companies are finding that it is not so straightforward this time around.Whether it is the luxury, electronics or pharmaceutical sectors, Tr
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