A consumer product promotion delegation organized by the Taiwan External Trade Development Council (TAITRA, 貿協) will visit South Korea and Japan at the end of this month, TAITRA said yesterday.
The delegation, which will be comprised of 74 local consumer product producers will visit Seoul, Fukuoka, Osaka and Tokyo between Sept. 30 and Oct. 9. TAITRA said.
Because TAITRA organizes only one consumer product promotion tour to Japan and South Korea every year, the visit has drawn considerable attention from local enterprises that target the two markets, an official said.
Of the 74 companies, 35 will visit Seoul and 73 will gather in Fukuoka. The delegation includes Farcent Enterprise Co, Ltd (花仙子企業), Magic Amah (Samoa) Co Ltd (妙管家), Sinon Corp (興農), Tayi Sein Textile Co (泰成紡織) and Lisa Everfashion Corp (利沙企業),
TAITRA said the tour would provide a good opportunity to enhance the visibility of Taiwan-made products and boost sales to the two markets as the regional economy continues to rebound from last year’s global meltdown.
Japan is Taiwan’s second- largest trading partner. Last year, Taiwan’s exports to Japan totaled US$14.5 billion, down 17.4 percent from a year earlier, but exports in the first eight months of this year have regained momentum, growing 30.1 percent year-on-year to US$11.82 billion.
South Korea ranks as Taiwan’s fifth-largest trading partner. Exports to South Korea between January and last month grew 48.26 percent year-on-year to US$6.85 billion, just under the US$7.3 billion Taiwan exported there in all of last year.
PATENTS: MediaTek Inc said it would not comment on ongoing legal cases, but does not expect the legal action by Huawei to affect its business operations Smartphone integrated chips designer MediaTek Inc (聯發科) on Friday said that a lawsuit filed by Chinese smartphone brand Huawei Technologies Co (華為) over alleged patent infringements would have little impact on its operations. In an announcement posted on the Taiwan Stock Exchange, MediaTek said that it would not comment on an ongoing legal case. However, the company said that Huawei’s legal action would have little impact on its operations. MediaTek’s statement came after China-based PRIP Research said on Thursday that Huawei filed a lawsuit with a Chinese district court claiming that MediaTek infringed on its patents. The infringement mentioned in the lawsuit likely involved
Taipei is today suspending work, classes and its US$2.4 trillion stock market as Typhoon Gaemi approaches Taiwan with strong winds and heavy rain. The nation is not conducting securities, currency or fixed income trading, statements from its stock and currency exchanges said. Authorities had yesterday issued a warning that the storm could affect people on land and canceled some ship crossings and domestic flights. Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) expects its local chipmaking fabs to maintain normal production, the company said in an e-mailed statement. The main chipmaker for Apple Inc and Nvidia Corp said it has activated routine typhoon alert
GROWTH: TSMC increased its projected revenue growth for this year to more than 25 percent, citing stronger-than-expected demand for AI devices and smartphones The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) yesterday raised its forecast for Taiwan’s GDP growth this year from 3.29 percent to 3.85 percent, as exports and private investment recovered faster than it predicted three months ago. The Taipei-based think tank also expects that Taiwan would see a 8.19 percent increase in exports this year, better than the 7.55 percent it projected in April, as US technology giants spent more money on artificial intelligence (AI) infrastructure and development. “There will be more AI servers going forward, but it remains to be seen if the momentum would extend to personal computers, smartphones and
CHANGE OF FORTUNES: Concern over a pricey valuation and the risk of tighter US curbs on chip sales to China have poured cold water on TSMC’s bullish momentum Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares fell the most in three months yesterday upon trading resumption, joining a global technology rout as investors dramatically soured on the promises of artificial intelligence (AI). The shares declined 5.62 percent to close at NT$924 in Taipei, dragging down the benchmark TAIEX, which fell 3.29 percent to 22,119.21 points amid a technical correction, Taiwan Stock Exchange data showed. Other chip stocks also fell, with ASE Technology Holding Co (日月光投控) plunging 9.86 percent, MediaTek Inc (聯發科) dropping 2.35 percent, Realtek Semiconductor Corp (瑞昱) falling 1.33 percent and United Microelectronics Corp (聯電) retreating 1.17 percent, while Apple