A three-in-one food fair that features Food Taipei, Foodtech Taipei and Taipei Pack kicked off at the Taipei World Trade Center Nangang Exhibition Hall yesterday, with 1,077 manufacturers showcasing their latest products in 2,531 booths at the combined event.
Speaking at the opening ceremony, Chao Yung-chuan (趙永全), secretary-general of the Taiwan External Trade Development Council (TAITRA, 外貿協會), said the number of manufacturers taking part and the total number of booths represented increases of 19.9 percent and 3.3 percent respectively over last year’s event.
More than 3,000 foreign professional buyers and some 40,000 domestic businesspeople are expected to visit this year’s fair, he said.
Chao said the fair is an important platform for domestic food producers to make contacts with the rest of the world.
CONVENIENCE
He also said that TAITRA had combined the three fairs to make it more convenient for foreign buyers visiting from far away to learn more about all facets of Taiwan’s food industry and to make deals.
Speaking during the opening ceremony, Minister of Economic Affairs Yiin Chii-ming (尹啟銘) said that Taiwan’s food industry had a production value of NT$459 billion (US$15.13 billion) last year, saying that it performed well in both domestic and overseas sales.
FOOD SECTOR
Yiin said that since Taiwan entered the WTO in 2002, overseas business opportunities for domestic food manufacturers had expanded considerably, adding that the manufacturers have become more internationalized in the process.
He said that the influence of domestic food producers in foreign markets, such as China and South Asian countries, had grown considerably, adding that their total overseas trade value for last year amounted to NT$4.73 billion.
After speaking at the opening ceremony, Yiin visited the Salvadoran pavilion and some of the 27 other national pavilions set up at this year’s event.
The fair runs until Saturday, with the first two days of the event open to professional buyers and the last two days open to the general public.
The public admission fee is NT$300.
The popular Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) arbitrage trade might soon see a change in dynamics that could affect the trading of the US listing versus the local one. And for anyone who wants to monetize the elevated premium, Goldman Sachs Group Inc highlights potential trades. A note from the bank’s sales desk published on Friday said that demand for TSMC’s Taipei-traded stock could rise as Taiwan’s regulator is considering an amendment to local exchange-traded funds’ (ETFs) ownership. The changes, which could come in the first half of this year, could push up the current 30 percent single-stock weight limit
EARLY TALKS: Measures under consideration include convincing allies to match US curbs, further restricting exports of AI chips or GPUs, and blocking Chinese investments US President Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under former US president Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China, people familiar with the matter said. The aim, which was also a priority for Biden, is to see key allies match China curbs the US
Teleperformance SE, the largest call-center operator in the world, is rolling out an artificial intelligence (AI) system that softens English-speaking Indian workers’ accents in real time in a move the company claims would make them more understandable. The technology, called accent translation, coupled with background noise cancelation, is being deployed in call centers in India, where workers provide customer support to some of Teleperformance’s international clients. The company provides outsourced customer support and content moderation to global companies including Apple Inc, ByteDance Ltd’s (字節跳動) TikTok and Samsung Electronics Co Ltd. “When you have an Indian agent on the line, sometimes it’s hard
‘SACRED MOUNTAIN’: The chipmaker can form joint ventures abroad, except in China, but like other firms, it needs government approval for large investments Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) needs government permission for any overseas joint ventures (JVs), but there are no restrictions on making the most advanced chips overseas other than for China, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. US media have said that TSMC, the world’s largest contract chipmaker and a major supplier to companies such as Apple Inc and Nvidia Corp, has been in talks for a stake in Intel Corp. Neither company has confirmed the talks, but US President Donald Trump has accused Taiwan of taking away the US’ semiconductor business and said he wants the industry back