Industrial production rose 6.01 percent year-on-year last quarter, snapping six quarters of losses, due to robust demand for artificial intelligence (AI) devices, high-performance computing (HPC) applications and data centers, the Ministry of Economic Affairs said yesterday.Manufacturing output, whi
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said its operations were not affected by a spate of strong earthquakes that were centered in eastern Taiwan and shook much of the nation early yesterday morning.In a statement, the world’s largest contract chipmaker said that soon after the
Taiwan’s economic activity last month continued to gain support from demand for artificial intelligence (AI) applications, but some manufacturing industries remained weak while momentum in the service sector slowed, an electricity consumption survey by the Taiwan Research Institute showed yesterday.
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday.Sales in the wholesale sector also grew last month b
US companies are wary about investing in China because of policy unpredictability, a business group said, as Beijing struggles to attract foreign funds to boost its economy.“The inconsistency in policy over time and the discrepancy between stated policies and their implementation has led to a cautio
GROWTH TRACK: AI would be the major driving force behind the increase in non-recurring engineering revenue, the ASIC designer said
Application specific integrated circuit (ASIC) designer Faraday Technology Corp (智原) yesterday raised its projected revenue contribution from artificial intelligence (AI) related business to a high single digit this year, driven by robust demand for advanced 2.5D packaging technology, and expects gr
Chinese universities and research institutes recently obtained high-end Nvidia Corp artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China. A Reuters review of hundreds of tender documents shows 10 Chinese entities acquir
ENCOURAGING: The electronics segment saw first rise in orders last quarter, while the optoelectronics segment recorded its third consecutive quarterly growth, data show
Export orders in the first quarter contracted 2.1 percent annually, the slowest rate in five quarters, to US$133.32 billion, benefiting from growing demand for emerging technologies, including artificial intelligence (AI) chips and servers, the Ministry of Economic Affairs said yesterday. Performanc
REVERSAL: Wang Yao-ting said he would leave his fate to the next administration, despite calls for his resignation, adding that outages were due to transmission problems
Taiwan Power Co (Taipower, 台電) president Wang Yao-ting (王耀庭) on Monday said he would remain in his role despite tendering his resignation at the weekend, following power supply issues on Monday last week and a string of power outages in Taoyuan during the week.Wang told a news conference that he wou
The unemployment rate last month edged down 0.01 percentage points from the previous month to 3.38 percent, the lowest figure for March in 24 years, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.The figure was also 0.18 percentage points lower than a year earlie
Yield Microelectronics Corp (億而得) yesterday said it would debut on the Taipei Exchange (TPEX) next month at the earliest, as it aims to raise funds for expansion plans.The Hsinchu-based silicon intellectual property developer focuses on developing multi-time programmable embedded non-volatile memory
PX Mart Co (全聯實業) has been fined NT$20 million (US$612,820) by the Fair Trade Commission (FTC) for failing to observe a condition set by the commission in 2022 for the approval of its merger with hypermarket chain operator RT-Mart International Ltd (大潤發), the commission said yesterday.When the merge
Hong Kong investment bankers could face more job cuts as the slowdown in China deals persists and employers look to trim highly compensated staff, Bloomberg Intelligence senior analyst Francis Chan (陳永富) said.An estimated 200 Hong Kong bankers lost their jobs in the past year, Chan wrote in a report
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry.A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manuf
A range of seasonal produce from Hualien County, such as tomatoes, pumpkins and gracilaria, is displayed at a supermarket in Taipei yesterday. The Agriculture and Food Agency is promoting Hualien’s agricultural products at 227 PX Mart Co supermarkets in northern Taiwan to support farmers from the co
CONNECTING AI: This year’s technology expo would show how Taiwan’s computer industry has transformed into an all-encompassing ICT industry, AUO’s chairman said
This year’s Computex Taipei would be the biggest since the outbreak of COVID-19, featuring around 1,500 exhibitors and attended by several luminaries of the artificial intelligence (AI) boom, including Nvidia Corp CEO Jensen Huang (黃仁勳), Advanced Micro Devices Inc CEO Lisa Su (蘇姿丰) and Intel Corp CE
DISAPPOINTING QUARTER: The automaker reported its first year-on-year sales drop since the early days of the pandemic and its stock is down more than 40%
Tesla Inc cut prices in China and the US, its two key markets, after disappointing first quarter sales contributed to swelling inventory.In China, Tesla lowered prices across its range, with the revamped Model 3 falling to 231,900 yuan (US$32,659) from 245,900 yuan previously. The Model Y was discou
Thousands of parents in Singapore are furious after a Cordlife Group Ltd (康盛人生集團), a major operator of cord blood banks in Asia, irreparably damaged their children’s samples through improper handling, with some now pursuing legal action.The ongoing case, one of the worst to hit the largely untested
An artisan roastery based in the capital of Finland has introduced a coffee blend developed by artificial intelligence (AI) in a trial in which it is hoped that technology can ease the workload in a sector that traditionally prides itself on manual work.It is only apt that the Helsinki-based Kaffa R
Gasoline and diesel prices are to drop NT$0.1 per liter this week after prices were left unchanged the previous week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said in separate statements yesterday.CPC said that based on its floating oil price formula, the cost of crude oil