Taiwan is an important base for the global development of artificial intelligence (AI) computing and technologies, Hon Hai Precision Industry Co (鴻海精密) chairman Young Liu (劉揚偉) said yesterday at an event organized by the Chinese National Federation of Industries (全國工業總會) in Taipei.Taiwanese contract
The German Trade Office Taipei yesterday pressed for closer trade ties with Taiwan, calling Taiwan a stable market and local firms reliable partners amid rising global uncertainty linked to US tariff challenges.“In today’s uncertain global environment, companies value reliable partners and stable ma
The Ministry of Finance yesterday extended the deadline for filing tax returns for all taxpayers by one month to help reduce the tax burden on people and businesses amid the fallout from the US’ new tariff policy.The extension of the deadline from May 31 to June 30, based on Article 10 of the Tax Co
GOLDEN APPEAL: The precious metal is less affected by tariffs, the bank said, and bullion has climbed almost 28 percent this year, outpacing its 27 percent gain last year
The Bank of Taiwan (臺灣銀行) yesterday said that its gold price reached a record-high NT$3,518 (US$108.14) per gram at noon as the trade war between the US and China raged on.The state-run bank said its intraday gold passbook price has increased 25.6 percent since the start of the year, when the price
The European Central Bank (ECB) cut interest rates yesterday for the seventh time to counter worries about economic growth fueled by US President Donald Trump’s tariff onslaught.The bank’s move should support economic activity in the 20 countries that use the euro currency by making credit more affo
The US Federal Reserve can stay patient and wait to see how tariffs and other economic policies of US President Donald Trump’s administration play out before making any changes to interest rates, Fed Chairman Jerome Powell said on Wednesday.“As that great Chicagoan Ferris Bueller once noted: ‘Life m
The US Department of Commerce’s announcement that it would impose a fresh round of sanctions on exports to China by major US artificial intelligence (AI) chip designers is expected to harm suppliers, including those in Taiwan, analysts said on Wednesday.The department this week announced new export
Amis people perform a traditional dance to welcome the luxury cruise ship “Scenic Eclipse II” at Port of Hualien yesterday. The ship is the first international cruise ship to dock at the port after a massive earthquake struck Hualien on April 3 last year, indicating that local tourism is gradually r
UNCERTAINTY: Innolux activated a stringent supply chain management mechanism, as it did during the COVID-19 pandemic, to ensure optimal inventory levels for customers
Flat-panel display makers AUO Corp (友達) and Innolux Corp (群創) yesterday said that about 12 to 20 percent of their display business is at risk of potential US tariffs and that they would relocate production or shipment destinations to mitigate the levies’ effects.US tariffs would have a direct impact
ROOM TO MOVE: A DPP legislator proposed raising the stabilization fund’s borrowing limit to NT$1 trillion amid tariff-driven market uncertainty
The Ministry of Finance is open to expanding the NT$500 billion (US$15.38 billion) National Stabilization Fund (NSF) to more effectively counter the effects of negative external factors on the local stock market, Minister of Finance Chuang Tsui-yun (莊翠雲) said yesterday.A possible expansion could mak
Business leaders in Taiwan yesterday voiced deep concern that US tariff challenges would sap GDP growth this year by half and that a planned subsidy for small and medium-sized enterprises would be inadequate to help them weather the storm.Lin Por-fong (林伯豐), chairman of the Third Wednesday Club (三 三
US President Donald Trump’s administration has barred Nvidia Corp from selling its H20 chip in China, an escalation of Washington’s technology battle with Beijing that the company said would cost it billions of dollars and hamstring a product line it explicitly designed to comply with previous US cu
ASML Holding NV reported orders for the first quarter that were almost a billion euros less than expected and warned that it does not know how to quantify the impact from recent tariff announcements, which are threatening to upend the semiconductor industry.The Dutch company, which counts Taiwan Sem
The number of small retail investors increased 2.08 percent in the first quarter of this year from the previous quarter, suggesting they intend to hold or even buy the dip, despite facing a correction on the local stock market.The latest data released on Monday by the Taiwan Stock Exchange (TWSE) sh
Forecast-beating growth in China’s first quarter might have offered Beijing’s economic planners some much-needed good news, but analysts said they should strap in for tariff-induced woes further down the line.The Chinese National Bureau of Statistics yesterday said the world’s No. 2 economy expanded
Taiwan will prioritize the development of silicon photonics by taking advantage of its strength in the semiconductor industry to build another shield to protect the local economy, National Development Council (NDC) Minister Paul Liu (劉鏡清) said yesterday.Speaking at a meeting of the legislature’s Eco
People dressed in traditional Atayal clothing gesture in front of blooming marigolds at a leisure farm in Hsinchu County’s Jianshih Township yesterday as part of activities through Nov. 5 to promote the county’s food, culture and agriculture.
COLLABORATION: Given Taiwan’s key position in global supply chains, the US firm is discussing strategies with local partners and clients to deal with global uncertainties
Advanced Micro Devices Inc (AMD) yesterday said it is meeting with local ecosystem partners, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), to discuss strategies, including long-term manufacturing, to navigate uncertainties such as US tariffs, as Taiwan occupies an important position i
Compal Electronics Inc (仁寶), Wistron Corp (緯創) affiliate Wiwynn Corp (緯穎) and US company Jabil Inc are set to submit revised offers for Advanced Micro Devices Inc’s (AMD) artificial intelligence (AI) server assembly plants, people familiar with the matter said.Inventec Corp (英業達) and Pegatron Corp (
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