“Peanut blasterers” cover a floor with smooth peanut butter in the Depot of Museum Boijmans Van Beuningen in Rotterdam, the Netherlands, yesterday as a tribute to the late artist and TV producer Wim T. Schippers. “Peanut-Butter Platform” is considered one of the most famous artworks made by Schippers, who passed away on 10 June 10 at the age of 83.
Photo: EPA
The US Federal Communications Commission (FCC) on Friday said it would ban the import of more equipment from a group of Chinese manufacturers, the latest move by Washington to crack down on Chinese-made electronic gear. The move expands an FCC ban imposed in 2022 on new models of telecommunications and video surveillance equipment made by Huawei Technologies Co (華為), ZTE Corp (中興通訊), Hytera Communications Corp (海能達通信), Hikvision Digital Technology Co (海康威視) and Dahua Technology Co (大華科技), citing national security risks. The expanded ban includes old models, not just those designed starting in late 2022, of equipment used for “public safety, security of
ARIZONA INVESTMENT: The Taiwanese semiconductor firm has gained approval for a US$20 billion capital injection into its its wholly owned US subsidiary The US is unlikely to match Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) production capacity in Taiwan despite the chipmaker’s expansion in Arizona, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. TSMC has already announced plans for a total of 16 fabrication plants and advanced chip-on-wafer-on-substrate packaging facilities in Taiwan, Kung said before a ministry meeting yesterday afternoon. “No matter how many fabs the US builds in the future, it won’t be that many,” Kung said. His remarks came after US President Donald Trump reportedly said on Wednesday that Taiwan was doubling the size of the chip plants under construction in Arizona and
UNSURPRISING LEADER: TSMC led in both net profit and revenue this year, followed by other big names in the Taiwanese sphere of tech as well as finance Taiwan’s 5,000 largest companies posted a record high in aggregate net profit last year, up more than 11 percent from a year earlier, with contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) holding on as the country’s most profitable company amid the artificial intelligence (AI) boom, credit information agency CRIF Taiwan (中華徵信所) said on Wednesday. Strong global demand for AI applications continued to benefit Taiwan’s top 5,000 enterprises last year, CRIF said in a report. Their combined net profit totaled NT$5.77 trillion (US$181.1 billion), up 11.01 percent from a year earlier, while aggregate revenue hit a record high of NT$48.50 trillion,
The New Taiwan dollar, which is on track for its first quarterly gain in a year, may face renewed pressure as the US currency strengthens and local companies boost dividend payouts to a record. Domestic firms are set to pay out more than NT$2.5 trillion (US$78.5 billion) in cash dividends this year, according to data from the Taiwan Stock Exchange, the largest amount ever in Bloomberg-compiled data going back to 1990. Foreign-exchange conversions by overseas investors repatriating the funds are expected to add to near-term volatility in the local currency. “The Taiwan dollar could hit a rough patch in the coming weeks,
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