Economic officials from Taiwan and India expressed hopes that both sides can cooperate on building a resilient supply chain and expand global business opportunities, the Ministry of Economic Affairs (MOEA) said yesterday.
The ministry in a statement said Deputy Minister of Economic Affairs Cynthia Kiang (江文若) and Amardeep Singh Bhatia, secretary of India’s Department for Promotion of Industry and Internal Trade, discussed global trade trends, investment strategies and supply chain cooperation during an economic and trade meeting held in Taipei on Wednesday.
Kiang said India has become a key destination for Taiwanese businesses seeking a safe and resilient supply chain framework, according to the statement.
Photo: Taipei Times file photo
She said the two countries can further strengthen cooperation in talent development, investment environments and policy coordination, and work together to build a resilient supply chain by combining Taiwan’s advanced technologies with India’s rich software talent pool.
Bhatia said Taiwan and India have built a strong foundation for cooperation, adding that India hopes to further expand supply chain partnerships with Taiwan as it seeks to attract more international companies through incentives and improved infrastructure.
At the meeting, Kiang and Bhatia also signed a memorandum of understanding (MOU) on cooperation regarding healthcare product regulations, the statement said.
The ministry said Bhatia also led a delegation of more than 30 Indian industry representatives to Taiwan for the fourth India-Taiwan CEOs Roundtable Meeting on Tuesday, where participating businesses offered recommendations to both governments.
Data compiled by the Ministry of Finance showed that trade between Taiwan and India reached a record US$10.6 billion last year, and totaled US$10.17 billion in the first 10 months of this year marking a 17.69 percent increase from the same period last year.
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