The Taiwan Stock Exchange Corp (TSE, 台灣證券交易所) yesterday wrapped up Taiwan's biggest-ever investment presentation to woo foreign investment, drawing the participation of 130 foreign corporations, TSE Chairman Wu Rong-i (吳榮義) said.
The three-day presentation, organized by the TSE and Yuanta Securities Co (元大證券), started on Wednesday.
Eighty of Taiwan's listed companies took part in the presentation designed to seek investment from foreign corporations, with each foreign firm having eight face-to-face seminars with local companies during the three days.
Foreign participants had positive views about the influence of next Saturday's presidential election and showed keen interest in Taiwanese shares because of the rising New Taiwan dollar, Wu said.
Wu said the TSE used to hold business presentations overseas to introduce Taiwan's industrial development and competitive advantages, but this was the first time Taiwan had held this type of presentation at home.
He expressed hope that the business presentation would help increase the proportion of foreign investment, saying that foreign investment transactions account for about 30 percent of the Taipei market, while about 60 percent are individual stock investments.
He said that Taiwan's companies that receive the highest amount of foreign investment are in the high-tech sector, with the average stock-holding ratio of foreign investment in these companies at over 60 percent.
The TSE will seek more opportunities to introduce small and medium-sized enterprises to foreign investors to increase their stock holding ratios, Wu added.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday obtained the government’s approval to inject an additional US$7.5 billion into its US subsidiary, the Department of Investment Review said in a statement. The department approved TSMC’s application of investing in TSMC Arizona Corp, which is engaged in the manufacturing, sales, testing and design of IC and other semiconductor devices, it said. The latest capital injection follows a US$5 billion investment for TSMC Arizona approved in June. The chipmaker has broken ground on two advanced fabs in Arizona with aggregated investments approved by the department totaling US$24 billion thus far. According to TSMC, the first Arizona
The lethal hack of Hezbollah’s Asian-branded pagers and walkie-talkies has sparked an intense search for the devices’ path, revealing a murky market for older technologies where buyers might have few assurances about what they are getting. While supply chains and distribution channels for higher-margin and newer products are tightly managed, that is not the case for older electronics from Asia where counterfeiting, surplus inventories and complex contract manufacturing deals can sometimes make it impossible to identify the source of a product, analysts and consultants say. The response from the companies at the center of the booby-trapped gadgets that killed 37
FRIENDLY TAKEOVER: While Qualcomm Inc’s proposal to buy some or all of Intel raises the prospect of other competitors, Broadcom Inc is staying on the sidelines Qualcomm Inc has approached Intel Corp to discuss a potential acquisition of the struggling chipmaker, people with knowledge of the matter said, raising the prospect of one of the biggest-ever merger and acquisition deals. California-based Qualcomm proposed a friendly takeover for Intel in recent days, said the sources, who asked not to be identified discussing confidential information. The proposal is for all of the chipmaker, although Qualcomm has not ruled out buying some parts of Intel and selling off others. It is uncertain whether the initial approach would lead to an agreement and any deal is likely to come under close antitrust scrutiny
SECURITY CONCERNS: The proposed ban on Chinese autonomous vehicle software and hardware would go into effect with the 2027 and 2030 model years respectively The US Department of Commerce today is expected to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on US roads due to national security concerns, two sources said. US President Joe Biden’s administration has raised concerns about the collection of data by Chinese companies on US drivers and infrastructure as well as the potential foreign manipulation of vehicles connected to the Internet and navigation systems. The proposed regulation would ban the import and sale of vehicles from China with key communications or automated driving system software or hardware, said the two sources, who declined to be identified because the