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.
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