The Taipei-based American Chamber of Commerce (AmCham) said it was pleased to see that economic relations between Taiwan and China improved significantly over the past year and that Taiwan’s government acted on a number of the group’s suggestions on cross-strait trade and other economic issues.
In the latest issue of its monthly publication, Topics, AmCham offered an assessment of the status of issues raised by the group in its Taiwan White Paper released in June, covering areas such as banking, chemical manufacturing, infrastructure, insurance, intellectual property, pharmaceuticals, retail, transportation and taxation.
“AmCham is gratified that the government has continued to take the White Paper recommendations extremely seriously and has made progress in a number of areas, “ chamber president Andrea Wu (吳王小珍) was quoted as saying.
“We look forward to further close interaction with government agencies in hopes that even more issues can be resolved before the next edition of the White Paper is ready for publication,” she said.
Wu listed three areas that require further government attention to enhance Taiwan’s investment competitiveness, including reconsideration of the “unrealistically aggressive” schedule set for reduction of greenhouse gas emissions and the elimination of the requirement that foreign employees of non-tech companies have at least two years of work experience.
Taiwan should also expedite environmental impact approval for important pending projects, including proposed new power plants and the Kuokuang petrochemical complex, she said.
A proposed 100 percent tariff on chip imports announced by US President Donald Trump could shift more of Taiwan’s semiconductor production overseas, a Taiwan Institute of Economic Research (TIER) researcher said yesterday. Trump’s tariff policy will accelerate the global semiconductor industry’s pace to establish roots in the US, leading to higher supply chain costs and ultimately raising prices of consumer electronics and creating uncertainty for future market demand, Arisa Liu (劉佩真) at the institute’s Taiwan Industry Economics Database said in a telephone interview. Trump’s move signals his intention to "restore the glory of the US semiconductor industry," Liu noted, saying that
On Ireland’s blustery western seaboard, researchers are gleefully flying giant kites — not for fun, but in the hope of generating renewable electricity and sparking a “revolution” in wind energy. “We use a kite to capture the wind and a generator at the bottom of it that captures the power,” said Padraic Doherty of Kitepower, the Dutch firm behind the venture. At its test site in operation since September 2023 near the small town of Bangor Erris, the team transports the vast 60-square-meter kite from a hangar across the lunar-like bogland to a generator. The kite is then attached by a
Foxconn Technology Co (鴻準精密), a metal casing supplier owned by Hon Hai Precision Industry Co (鴻海精密), yesterday announced plans to invest US$1 billion in the US over the next decade as part of its business transformation strategy. The Apple Inc supplier said in a statement that its board approved the investment on Thursday, as part of a transformation strategy focused on precision mold development, smart manufacturing, robotics and advanced automation. The strategy would have a strong emphasis on artificial intelligence (AI), the company added. The company said it aims to build a flexible, intelligent production ecosystem to boost competitiveness and sustainability. Foxconn
STILL UNCLEAR: Several aspects of the policy still need to be clarified, such as whether the exemptions would expand to related products, PwC Taiwan warned The TAIEX surged yesterday, led by gains in Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), after US President Donald Trump announced a sweeping 100 percent tariff on imported semiconductors — while exempting companies operating or building plants in the US, which includes TSMC. The benchmark index jumped 556.41 points, or 2.37 percent, to close at 24,003.77, breaching the 24,000-point level and hitting its highest close this year, Taiwan Stock Exchange (TWSE) data showed. TSMC rose NT$55, or 4.89 percent, to close at a record NT$1,180, as the company is already investing heavily in a multibillion-dollar plant in Arizona that led investors to assume
RSS