Both inward and outward foreign direct investment (FDI) decreased in the first seven months of this year, a report released this week by the Ministry of Economic Affairs said.
From January through last month, inward FDI approved by the government amounted to US$4.2 billion, down 41.53 percent from the same period last year, and registered outward FDI amounted to US$2.41 billion, a drop of 18.25 percent year-on-year, the ministry’s Investment Commission reported.
New securities issued overseas by Taiwan-based listed companies amounted to US$1.07 billion during the first seven months of the year, and foreign investors remitted a net amount of US$5.97 billion into Taiwan for investment in the stock market, data from the Securities and Futures Bureau under the Financial Supervisory Commission said.
A total of 335 major China-bound investment projects worth more than US$200,000 were approved by the commission during the first seven months of this year, with a total value of US$5.16 billion, the report said.
Although the number of such projects dropped 43.51 percent compared with the same period last year, their total value marked a year-on-year increase of 6.77 percent, the report said.
The approved projects included 26 investments worth US$387.65 million last month, it said.
For China-bound projects worth no more than US$200,000, Taiwanese businesses reported 144 investments worth US$18.97 million in the first seven months of the year, the report said.
PROTECTIONISM: China hopes to help domestic chipmakers gain more market share while preparing local tech companies for the possibility of more US sanctions Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence (AI) chips instead of Nvidia Corp products, part of the nation’s effort to expand its semiconductor industry and counter US sanctions. Chinese regulators have been discouraging companies from purchasing Nvidia’s H20 chips, which are used to develop and run AI models, sources familiar with the matter said. The policy has taken the form of guidance rather than an outright ban, as Beijing wants to avoid handicapping its own AI start-ups and escalating tensions with the US, said the sources, who asked not to be identified because the
Her white-gloved, waistcoated uniform impeccable, 22-year-old Hazuki Okuno boards a bullet train replica to rehearse the strict protocols behind the smooth operation of a Japanese institution turning 60 Tuesday. High-speed Shinkansen trains began running between Tokyo and Osaka on Oct. 1, 1964, heralding a new era for rail travel as Japan grew into an economic superpower after World War II. The service remains integral to the nation’s economy and way of life — so keeping it dazzlingly clean, punctual and accident-free is a serious job. At a 10-story, state-of-the-art staff training center, Okuno shouted from the window and signaled to imaginary colleagues, keeping
Taipei is today suspending its US$2.5 trillion stock market as Super Typhoon Krathon approaches Taiwan with strong winds and heavy rain. The nation is not conducting securities, currency or fixed-income trading, statements from its stock and currency exchanges said. Yesterday, schools and offices were closed in several cities and counties in southern and eastern Taiwan, including in the key industrial port city of Kaohsiung. Taiwan, which started canceling flights, ship sailings and some train services earlier this week, has wind and rain advisories in place for much of the island. It regularly experiences typhoons, and in July shut offices and schools as
Arm Holdings PLC approached Intel Corp about potentially buying the ailing chipmaker’s product division, only to be told that the business is not for sale, according to a source with direct knowledge of the matter. In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations, said the source, who asked not to be identified because the discussions were private. Intel has two main units: A product group that sells chips for personal computers, servers and networking equipment, and another that operates its factories. Representatives for Arm and Intel declined to comment. Intel, once the world’s largest chipmaker, has become the
RSS