New US government figures Friday showing a sharp rise in Chinese textile imports, prompted renewed calls for safeguards imposed by Washington.
The preliminary data for textiles and apparel showed total imports from China increased 63 percent in the first three months of 2005 compared with a year ago to more than 2.8billion square meters, the American Manufacturing Trade Action Coalition (AMTAC) said.
The report highlighted fears from US industry groups and labor unions, which have been calling for Washington to implement a so-called safeguard mechanism under WTO rules to limit growth in Chinese textile and apparel imports.
PHOTO: EPA
US officials have so far taken no action but said they would step up monitoring to get data more quickly, to determine whether any action is appropriate.
"The data shows that China's surge is no one-month anomaly. It is a clear trend undeniably demonstrating severe damage in the US market," said AMTAC executive director Auggie Tantillo.
Tantillo said the data underscore the need for quick action.
"Already 17,200 US textile and apparel manufacturing jobs have been lost in 2005," he said. "These job losses will be just the tip of the iceberg unless the US government immediately self-initiates safeguards."
AMTAC said that according to Chinese Customs data, China's exports to the US in the most sensitive apparel categories are up 349 percent for the first two months of this year while prices are down 31 percent.
US importers have however accused the textile groups of promoting "hysteria" and say freer trade is benefiting all countries.
The end of quotas enshrined in the 1974 Multifibre Arrangement and later in the WTO Agreement on Textiles and Clothing was expected to have a major impact not only on wealthier nations that import goods, but on other developing countries that may lose market share to China.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
POWER BUILDUP: Powered by Nvidia’s B200 Blackwell chips, the data center would support MediaTek’s computing power demand and business growth, the company said Smartphone chip designer MediaTek Inc (聯發科) yesterday launched a new artificial intelligence (AI) data center with a maximum capacity of 45 megawatts to meet its rising demand for computing power required to develop new advanced chips for AI applications. The company has completed the first-phase computing power buildup at the data center in Miaoli County’s Tongluo Township (銅鑼), providing 15 megawatts of capacity to support its research and development (R&D) capabilities, despite an industrywide shortage of key components, MediaTek said. Supply constraints have plagued a wide range of key components, including memory chips, solid-state drives, power supply units and central
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu