Following in the wake of Steve Chen's (
Shih Yen-shiang (
"The promotions of Shih and Hsieh were decided after discussions between Premier Su Tseng-chang (
Hsieh, 56, earned a master's degree in economics from National Chengchi University, passed the Ministry of Economic Affairs' foreign representatives' exam in 1977 and has rich experience in foreign trade gleaned from his previous appointments in South Africa, North America and Australia.
Before serving as a vice chairman at the Council for Economic Planning and Development in February 2002, Hsieh was secretary-general of the Ministry of Economic Affairs, director of the ministry's Department of International Cooperation, and director of the division of the Bureau of Foreign Trade that handles exchanges with the WTO, APEC, the Organization for Economic Cooperation and Development and other international business organizations.
Meanwhile, Preston Chen (陳武雄), chairman of the Chinese National Federation of Industries (CNFI, 全國工業總會) which represents some 70,000 Taiwanese manufacturers, yesterday paid a visit to the ministry and urged the government to help attract overseas-based Taiwanese businessmen to return home while simultaneously easing restrictions on China-bound investment.
Accompanied by several CNFI representatives, Preston Chen submitted a number of proposals to the new minister for his consideration.
Semiconductor business between Taiwan and the US is a “win-win” model for both sides given the high level of complementarity, the government said yesterday responding to tariff threats from US President Donald Trump. Home to the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Taiwan is a key link in the global technology supply chain for companies such as Apple Inc and Nvidia Corp. Trump said on Monday he plans to impose tariffs on imported chips, pharmaceuticals and steel in an effort to get the producers to make them in the US. “Taiwan and the US semiconductor and other technology industries
The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from US President Donald Trump. The Fed cut its key lending rate by a full percentage point in the final four months of last year and indicated it would move more cautiously going forward amid an uptick in inflation away from its long-term target of 2 percent. “I think they will do nothing, and I think they should do nothing,” Federal Reserve Bank of St Louis former president Jim Bullard said. “I think the
SMALL AND EFFICIENT: The Chinese AI app’s initial success has spurred worries in the US that its tech giants’ massive AI spending needs re-evaluation, a market strategist said Chinese artificial intelligence (AI) start-up DeepSeek’s (深度求索) eponymous AI assistant rocketed to the top of Apple Inc’s iPhone download charts, stirring doubts in Silicon Valley about the strength of the US’ technological dominance. The app’s underlying AI model is widely seen as competitive with OpenAI and Meta Platforms Inc’s latest. Its claim that it cost much less to train and develop triggered share moves across Asia’s supply chain. Chinese tech firms linked to DeepSeek, such as Iflytek Co (科大訊飛), surged yesterday, while chipmaking tool makers like Advantest Corp slumped on the potential threat to demand for Nvidia Corp’s AI accelerators. US stock
The TAIEX ended the Year of the Dragon yesterday up about 30 percent, led by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電). The benchmark index closed up 225.40 points, or 0.97 percent, at 23,525.41 on the last trading session of the Year of the Dragon before the Lunar New Year holiday ushers in the Year of the Snake. During the Year of the Dragon, the TAIEX rose 5,429.34 points, the highest ever, while the 30 percent increase in the year was the second-highest behind only a 30.84 percent gain in the Year of the Rat from Jan. 25, 2020, to Feb.