The National Development Council (NDC) yesterday called for closer Taiwan-Japan collaboration in innovation and supply chain integration to foster mutual growth.
The appeal was made at the two-day Japan-Taiwan Innovation Summit in Tokyo, where NDC Minister Paul Liu (劉鏡清) led a delegation of 45 Taiwanese companies, the council said in a statement.
Since its launch in 2022, the summit has connected more than 100 Taiwanese start-ups with hundreds of Japanese companies, venture capital firms and financial institutions, helping them expand overseas and enhance their brand visibility, it said.
Photo courtesy of the National Development Council
While Taiwanese industries have achieved many “world firsts” in the past, they must now draw on innovation and entrepreneurship to reach new heights, Liu said at the event’s opening yesterday.
To support this effort, the council has been rolling out measures for start-ups, including competitions to attract investment, comprehensive training programs to raise success rates and assistance with entering global markets.
This year’s summit is focusing on four main themes: corporate venture capital, mergers and acquisitions, deep tech and international corporate collaboration.
Discussions on venture capital and mergers and acquisitions are expected to enhance links between the two countries’ capital markets, while deep technology and cross-border cooperation could spark new partnerships, the council said.
The summit, organized by the NDC in partnership with the Tokyo Metropolitan Government and the Japan External Trade Organization, is being held at Tokyo’s Imperial Hotel through today.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, booked its first-ever profit from its Arizona subsidiary in the first half of this year, four years after operations began, a company financial statement showed. Wholly owned by TSMC, the Arizona unit contributed NT$4.52 billion (US$150.1 million) in net profit, compared with a loss of NT$4.34 billion a year earlier, the statement showed. The company attributed the turnaround to strong market demand and high factory utilization. The Arizona unit counts Apple Inc, Nvidia Corp and Advanced Micro Devices Inc among its major customers. The firm’s first fab in Arizona began high-volume production
VOTE OF CONFIDENCE: The Japanese company is adding Intel to an investment portfolio that includes artificial intelligence linchpins Nvidia Corp and TSMC Softbank Group Corp agreed to buy US$2 billion of Intel Corp stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions. The Japanese company, which is adding Intel to an investment portfolio that includes artificial intelligence (AI) linchpins Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), is to pay US$23 a share — a small discount to Intel’s last close. Shares of the US chipmaker, which would issue new stock to Softbank, surged more than 5 percent in after-hours trading. Softbank’s stock fell as much as 5.4 percent on Tuesday in Tokyo, its
The prices of gasoline and diesel at domestic fuel stations are to rise NT$0.1 and NT$0.4 per liter this week respectively, after international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to rise to NT$27.3, NT$28.8 and NT$30.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to rise to NT$26.2 per liter at CPC stations and NT$26 at Formosa pumps, they said. The announcements came after international crude oil prices
SETBACK: Apple’s India iPhone push has been disrupted after Foxconn recalled hundreds of Chinese engineers, amid Beijing’s attempts to curb tech transfers Apple Inc assembly partner Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country. The extraction of Chinese workers from the factory of Yuzhan Technology (India) Private Ltd, a Hon Hai component unit, in southern Tamil Nadu state, is the second such move in a few months. The company has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named, as the
RSS