The nation’s listed companies reported combined Chinese investment gains of NT$154.3 billion (US$5.23 billion) in the first half of the year, up 37 percent year-on-year, and the highest for the period, Financial Supervisory Commission data released on Tuesday showed, as some companies recovered from the COVID-19 pandemic and benefited from rising demand for devices used for remote working.
Chinese investment gains plunged 36 percent annually to NT$23.3 billion in the first quarter due to the COVID-19 outbreak, but increased 72 percent to NT$131 billion in the second quarter, the data showed.
“Demand for remote-working devices and consumer electronics rose, as people needed to work from home while under lockdown, which benefited our electronic providers,” Securities and Futures Bureau Deputy Director-General Tsai Li-ling (蔡麗玲) said.
Listed companies trimmed their investments in China by NT$4 billion in the second quarter, despite investment gains, data showed.
As of the end of June, listed firms’ accumulated investment in China totaled NT$2.524 trillion, up NT$13.4 billion from the end of last year, while the number of listed firms with investments in China dropped to 1,191, seven fewer than the end of last year, data showed.
Tsai said that the number of listed companies investing in China tends to fluctuate, so it was uncertain whether the pandemic could be blamed for firms leaving the market.
“While some firms left the market, other companies continued expanding production there or set up new subsidiaries,” Tsai said. “Computer firms and electronic component providers particularly increased their investment.”
Listed companies repatriated NT$18.1 billion of investment gains to Taiwan during the first half of this year, accounting for 20.15 percent of their total investment in China, data showed.
That raised accumulated repatriated funds to NT$508.7 billion, data showed.
Total overseas investment gains by listed firms increased 5 percent annually to NT$209.3 billion in the first half, thanks to a 41 percent increase in gains in the second quarter of NT$171.6 billion boosted by an increase in orders for devices used for remote working, Tsai said.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Taiwanese prosecutors suspect that three people successfully smuggled at least one shipment of Nvidia Corp artificial intelligence (AI) chips to China after first exporting them to Japan, people familiar with the matter said. The trio was detained last week by the Keelung District Prosecutors’ Office for allegedly falsifying documents related to exports of Super Micro Computer Inc servers containing advanced Nvidia chips, which the US has barred from sale to China without a license from Washington. The move marked Taiwan’s first public crackdown on AI chip diversion after years of pressure from the US to take a more active role in curtailing
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employee bonuses are likely to grow more than 30 percent this year, in line with the past few years as the company’s profits continue to set new records, an anonymous source cited TSMC chairman C.C. Wei (魏哲家) as saying yesterday. TSMC, the world’s largest contract chipmaker, is committed to taking care of its workers, the source said, citing Wei’s meeting with employees yesterday morning. Wei also expressed gratitude to employees for their contribution to the company’s improving bottom line, the source added. Since 2023, TSMC’s employee bonuses have grown at an annual rate of
RSS