A delegation of representatives from 13 local enterprises will make a one-week visit to India, starting on Sunday, to seek business opportunities in the emerging market, one of the organizers said yesterday.
The 16-member team will represent China Steel Corp (中鋼), the state-owned RSEA Engineering Corp (榮民工程) and companies in the optoelectronics, electronics, machinery and electrical sectors, the Department of Investment Services of the Ministry of Economic Affairs said.
Taiwan is eying the fast-growing Indian economy, in which electronics, communications, auto components and machinery sectors are doing particularly well, the ministry said in a statement.
India, with a population of more than 1.1 billion, is a market to which Taiwan should pay close attention, the ministry said.
Wang Chung-yu (王鍾渝), chairman of the Chinese International Economic Cooperation Association (CIECA), one of the organizers of the trip, will head the mission to survey the Indian market.
“India is an emerging market with which the CIECA is aiming to enhance business ties in the hope that Taiwanese companies will find business opportunities there,” a CIECA official said.
The CIECA is a private sector group that works closely with the government to expand economic exchanges with countries that do not have official relations with Taiwan.
In 1992, the CIECA established a communication channel with the Federation of Indian Chambers of Commerce and Industry, one of the most important business organizations in India.
“The delegation will try to capitalize on the links between the CIECA and the Indian chamber of commerce and gain a better understanding of the Indian market,” the official said.
The Taiwan delegation is scheduled to hold an economic cooperation conference in New Delhi on Sept. 7 to exchange views with Indian counterparts and explore the possibility of joint investments.
The delegation will also visit economic development zones in New Delhi, Chennai and Mumbai and meet with Taiwanese businessmen operating in those cities, the MOEA said.
POWERING UP: PSUs for AI servers made up about 50% of Delta’s total server PSU revenue during the first three quarters of last year, the company said Power supply and electronic components maker Delta Electronics Inc (台達電) reported record-high revenue of NT$161.61 billion (US$5.11 billion) for last quarter and said it remains positive about this quarter. Last quarter’s figure was up 7.6 percent from the previous quarter and 41.51 percent higher than a year earlier, and largely in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$160 billion. Delta’s annual revenue last year rose 31.76 percent year-on-year to NT$554.89 billion, also a record high for the company. Its strong performance reflected continued demand for high-performance power solutions and advanced liquid-cooling products used in artificial intelligence (AI) data centers,
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
Vincent Wei led fellow Singaporean farmers around an empty Malaysian plot, laying out plans for a greenhouse and rows of leafy vegetables. What he pitched was not just space for crops, but a lifeline for growers struggling to make ends meet in a city-state with high prices and little vacant land. The future agriculture hub is part of a joint special economic zone launched last year by the two neighbors, expected to cost US$123 million and produce 10,000 tonnes of fresh produce annually. It is attracting Singaporean farmers with promises of cheaper land, labor and energy just over the border.
US actor Matthew McConaughey has filed recordings of his image and voice with US patent authorities to protect them from unauthorized usage by artificial intelligence (AI) platforms, a representative said earlier this week. Several video clips and audio recordings were registered by the commercial arm of the Just Keep Livin’ Foundation, a non-profit created by the Oscar-winning actor and his wife, Camila, according to the US Patent and Trademark Office database. Many artists are increasingly concerned about the uncontrolled use of their image via generative AI since the rollout of ChatGPT and other AI-powered tools. Several US states have adopted
RSS