NO US PRESSURE: The central bank head said the US did not ask for a stronger NT dollar and that it was overly strong market expectations driving the local currency
Central bank Governor Yang Chin-long (楊金龍) yesterday dismissed the possibility of Taiwan being labeled a currency manipulator by the US Department of the Treasury.“I’m confident that Taiwan will not be labeled as a currency manipulator,” Yang said at a meeting of the legislature’s Finance Committee
Wistron Corp (緯創), a leading Taiwanese computer and peripheral original design manufacturer (ODM), is injecting more than US$1.1 billion into its US and Mexican subsidiaries in response to US tariff policies, after the company’s board of directors on Tuesday approved 10 investment proposals.Four of
Cloud computing equipment supplier Wiwynn Corp (緯穎科技) yesterday said that its net profit in the first quarter surged 108.05 percent year-on-year to NT$9.79 billion (US$323.1 million), a record high.Earnings per share were NT$52.7, nearly doubling from NT$26.92 a year earlier, Wiwynn said.The results
US President Donald Trump’s administration plans to rescind the previous administration’s artificial intelligence (AI) chip curbs as part of a broader effort to revise semiconductor trade restrictions that have drawn strong opposition from major tech companies and foreign governments, people familia
Msscorps Co (汎銓科技), which provides advanced semiconductor materials and failure analyses to semiconductor firms, said its US subsidiary, MSS USA Corp, opened its first advanced lab in Silicon Valley yesterday, to serve US customers from Apple Inc to Nvidia Corp, Applied Materials Inc and Lam Researc
The US Federal Reserve on Wednesday announced another pause in rate cuts, and warned of higher risks to its inflation and unemployment goals in a likely reference to US President Donald Trump’s tariff rollout.Policymakers voted unanimously to hold the US central bank’s key lending rate at between 4.
Apple Inc is “actively looking at” revamping the Safari Web browser on its devices to focus on artificial intelligence (AI)-powered search engines, a seismic shift for the industry hastened by the potential end of a longtime partnership with Google.Apple senior vice president of services Eddy Cue ma
A visitor walks in front of slot machines during the Global Gaming Expo Asia in Macau yesterday.
DIVERSIFIED PRODUCTION: The company is considering building new factories in countries with lower US tariffs, and might expand its existing presence in California
Liquid-crystal display and projector manufacturer Qisda Co (佳世達) yesterday said second-quarter revenue is expected to be better than the first quarter, which rose 6 percent year-on-year to NT$49.75 billion (US$1.64 billion).However, the outlook remains uncertain, as shipments could be affected by th
MOSTLY STABLE: CPI growth was slightly above the central bank’s 2 percent target, but might drop this month as international crude oil prices have fallen
The nation’s consumer price index (CPI) increased 2.03 percent year-on-year last month, mainly due to increases in food and fruit prices, as well as dining-out costs, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.It was the second consecutive month that the nati
Advanced Micro Devices Inc (AMD), Nvidia Corp’s closest rival in artificial intelligence (AI) processors, said that US restrictions on sales to China would cost US$1.5 billion in revenue this year, a warning that clouded an otherwise upbeat outlook.The guidance stems from an export restriction impos
Weeks after US President Donald Trump’s global tariff bombshell, Jeff Chen’s (陳松君) factory in Taiwan is as busy as ever turning out carbon and alloy wheels for high-end bicycles bound for US and European markets.However, he wonders how much longer it will last. The US president’s initial 32 percent
China has reduced its policy rate and lowered the amount of cash lenders must keep in reserve, as Beijing ramps up efforts to help an economy caught in a second trade war with the US.The People’s Bank of China (PBOC) cut the seven-day reverse repurchase rate to 1.4 percent from 1.5 percent, PBOC Gov
Novatek Microelectronics Corp (聯詠), which designs display drive integrated circuits used in TVs and PCs, expects revenue growth to moderate this quarter due to a weakening demand for electronics in China and the ebbing front-loading demand ahead of the imposition of US tariffs.Revenue is expected to
A person observes early warning detection from an artificial intelligence-assisted closed circuit television (CCTV) during Secutech 2025 in Taipei yesterday. Secutech showcases and promotes innovative security technologies and applications in domains including smart security, fire protection and dis
CAUTIOUS: The local currency’s stabilization has contributed to gains in financial stocks, but concerns over potential semiconductor tariffs have kept investor sentiment cautious
The New Taiwan dollar showed signs of stabilizing yesterday after a recent surge, but local shares still closed slightly lower as investors remained concerned over possible US tariffs on semiconductor imports.The NT dollar reversed its steep rise in the previous two sessions, closing down NT$0.135,
GROWTH: Demand for computing chips is picking up, while capital spending remains focused on its Singapore facility, the company said
Vanguard International Semiconductor Corp (世界先進), a foundry service provider specializing in power management and display driver chips, yesterday said that its wafer shipment would grow up to 5 percent sequentially this quarter, driven by recovering demand in the communications, industrial and autom
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg.The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, af
GlobalWafers Inc (環球晶圓), the world’s third-largest silicon wafer supplier, yesterday reported that net profit more than tripled quarter-on-quarter to NT$1.46 billion (US$48.2 million) last quarter, although it was still down 58.8 percent year-on-year.The company attributed the annual profit decline
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