President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋).
This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said.
The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said.
Photo: CNA
Taiwan has improved investment conditions of the domestic economy and strengthened its pull on major global investors, with the volume of foreign investment rising to US$11.25 billion last year, she said, adding that the average annual foreign investment volume in Taiwan was US$10.3 billion between 2016 and last year, up from US$5.36 billion between 2008 and 2015.
The surge in foreign investment shows that the nation has further cemented its position in global supply chains and raised its profile on the world stage, Tsai said.
The president thanked Google for contributing to the government’s “Smart Taiwan” initiative, including efforts to upgrade the information technology sector, increase the application of smart technology in industries and scale up Taiwan’s digital economy.
Google has demonstrated corporate social responsibility by providing educational resources to rural schools and joining the National Institute of Cyber Security in the fight against fake news and cyberattacks, Tsai said.
It has been 11 years since Google established its first regional-level data center in the nation and it is currently building four undersea cables to connect Taiwan to the world, Premier Chen Chien-jen (陳建仁) said.
This is to establish Taiwan as a key nexus through which global digital data would flow, bolstering the nation’s competitiveness and importance to the international community, he said.
Google opened its first Taiwan office in 2006 and has presided over the continuous growth of its Taiwanese team since then, Google vice president of hardware Elmer Peng (彭昱鈞) said.
The tech giant’s team in Taiwan, which is 20 times larger than its size 10 years ago, now recruits workers from more than 30 countries and regions around the world, Peng said.
STRONG INTEREST: Analysts have pointed to optimism in TSMC’s growth prospects in the artificial intelligence era as the cause of the rising number of shareholders The number of people holding shares of chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) hit a new high last week despite a decline in its stock price, the Taiwan Depository and Clearing Corp (TDCC, 台灣集保) said. The number of TSMC shareholders rose to 2.46 million as of Friday, up 75,536 from a week earlier, TDCC data showed. The stock price fell 1.34 percent during the same week to close at NT$1,840 (US$57.55). The decline in TSMC’s share price resulted from volatility in global tech stocks, driven by rising international crude oil prices as the war against Iran continues. Dealers said
PRICE HIKES: The war in the Middle East would not significantly disrupt supply in the short term, but semiconductor companies are facing price surges for materials Taiwan’s semiconductor companies are not facing imminent supply disruptions of essential chemicals or raw materials due to the war in the Middle East, but surges in material costs loom large, industry association SEMI Taiwan said yesterday. The association’s comments came amid growing concerns that supplies of helium and other key raw materials used in semiconductor production could become a choke point after Qatar shut down its liquefied natural gas (LNG) production and helium output earlier this month due to the conflict. Qatar is the second-largest LNG supplier in the world and accounts for about 33 percent of global helium output. Helium is
China is clamping down on fertilizer exports to protect its domestic market, industry sources said, putting an additional strain on global markets that were already grappling with shortages caused by the US-Israeli war on Iran. China is among the largest fertilizer exporters — shipping more than US$13 billion of it last year — and it has a history of controlling exports to keep prices low for farmers. Shipments through the war-blocked Strait of Hormuz account for about one-third of the sea-borne supply. This month, Beijing banned exports of nitrogen-potassium fertilizer blends and certain phosphate varieties, sources said. The ban, which has not
DOMESTIC COMPONENT: Huang identified several Taiwanese partners to be a key part of Nvidia’s Vera Rubin supply chain, including Asustek, Hon Hai and Wistron Nvidia Corp chief executive officer Jensen Huang (黃仁勳), addressing crowds at the company’s biggest annual event, unveiled a variety of new products while predicting that its flagship artificial intelligence (AI) processors would help generate US$1 trillion in sales through next year. During a two-and-a-half-hour keynote address, Huang announced plans to push deeper into central processing units (CPUs) — Intel Corp’s home turf — and introduced semiconductors made with technology acquired from start-up Groq Inc. The company even said it was developing chips for data centers in outer space. At the heart of Huang’s speech was the message that demand for computing power