UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli
Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom.The plant in Miaoli County’s Tongluo Township (銅鑼), which
Taiwan’s unemployment rate edged up to 3.32 percent last month as post-Lunar New Year holiday job switching prompted more people to leave their positions, although overall labor market conditions remained stable, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.The
Acer Inc’s (宏碁) home appliance subsidiary Acerpure Inc (宏碁智新) yesterday said that it aims to double its revenue from last year’s NT$990 million (US$30.03 million), driven by demand for large appliances in Southeast Asia and India.The company’s revenue in the first two months of this year grew 36.04
Shareholders of Super Micro Computer Inc on Wednesday sued the Silicon Valley server maker, accusing it of committing securities fraud by concealing its dependence on sales to China that violated US export laws, leading to criminal smuggling charges involving Nvidia Corp chips against a cofounder an
The conflict in the Middle East is reviving the specter of inflation and hobbling the global economy just as it was showing signs of strengthening at the start of the year, the OECD said yesterday.In its updated outlook, the Paris-based organization sharply increased its inflation forecasts for majo
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development.SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 perc
Gogoro Inc chief executive officer Henry Chiang addresses a Sustainability Week Asia event in Bangkok yesterday. Under the theme of “The Mobility Transformation Asia Needs,” Chiang shared Taiwan’s experience in promoting battery swapping as an alternative to charging. The annual event ends today.
services slipping: Holiday spending in February helped cushion the decline of the services business climate, a survey by the Taiwan Institute of Economic Research said
Taiwan’s business climate weakened last month as manufacturing, services and construction sectors all cooled, although firms remained cautiously optimistic about the longer-term outlook, a survey released yesterday by the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) showed.The manufacturing
ABOVE LEGAL REQUIREMENT: The Ministry of Economic Affairs is prepared if LNG supply is disrupted, with more than the legal requirement of 11 days of inventory
Taiwan has largely secured liquefied natural gas (LNG) supplies through May and arranged about half of June’s supply, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday.Since the Middle East conflict began on Feb. 28, Taiwan’s LNG inventories have remained more than 12 days, exceeding
Air Liquide Group yesterday unveiled its first advanced materials plant in Taiwan to supply materials used in the production of 3-nanometer chips and more advanced chips driven by the artificial intelligence (AI) boom.The company has continued to strengthen its presence in Asia by ramping up investm
Hua Nan Financial Holding Co (華南金控) yesterday said that it expects modest profit growth this year as it fine-tunes its loan portfolio, even as income from foreign currency swap operations is poised to decline.The bank-focused conglomerate plans to optimize its loan mix by expanding higher-yielding c
Taiwan’s economic activity in the first two months of this year continued to gain momentum, driven by the semiconductor and the information and communications technology (ICT) industries, an electricity consumption survey released by the Taiwan Research Institute (台灣綜合研究院) on Monday showed.The New T
Msscorps Co (汎銓科技) has filed a lawsuit against Enli Technology Co (光焱科技) for patent infringement of its light leakage detecting photonic IC (PIC) for next-generation packaging technology, called co-packaged optics (CPO).The advanced semiconductor material and failure analysis services provider has l
United Parcel Service Inc (UPS) opened a new US$100 million logistics center in Taiwan yesterday, its largest in the Asia Pacific, riding a wave of demand from tech companies.Taiwan is home to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s top contract chipmaker and dominant supplier
A staff member yesterday arranges bikes on display at this year’s Taipei Cycle, the leading bike industry trade show. Highlights of this year's Taipei Cycle, running until Sunday, include expanded e-mobility and urban micromobility zones, a startups pavilion, live demo tracks and green manufacturing
PROJECTION: Despite the Middle East conflicts, the manufacturing production gauge this quarter could rise to a record high for the period, an official said
The industrial production index rose 17.83 percent year-on-year to 109.46 last month, driven by strong demand for artificial intelligence (AI) and high-performance computing applications that boosted information technology and electronics products’ output, the Ministry of Economic Affairs said yeste
Far EasTone Telecommunications Co (遠傳電信) yesterday said its information and communications technology (ICT) services revenue is expected to grow by a double-digit percentage this year on the back of demand for its smart city and smart medical services outgrowing most business segments. The company s
Yesiang Enterprise Co (鈺祥), the nation’s biggest semiconductor chemical filters supplier, on Monday said it aims to grow revenue by at least a double-digit percentage this year after tapping into a new market segment by supplying recyclable chemical filters. The company said it is also benefiting fr
STATUS: The AI boom has boosted some industries, but many wholesale businesses are still facing challenges, the Ministry of Economic Affairs said
Sales in the retail, and the food and beverage sectors in the first two months of this year reached the highest levels for the period on record, as extended holidays boosted consumer traffic at physical stores and businesses promoted sales during the Lunar New Year holiday, data released yesterday b
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