Taiwan’s machinery industry is bracing for a sharp fall in exports as hefty US tariffs would interrupt local manufacturers’ sales to their biggest overseas market, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said yesterday.US President Donald Trump on Wednesday announced a 32 percent
The head of one of the nation’s leading economic think tanks yesterday slammed the US’ method for calculating sweeping global tariffs, including a 32 percent tariff on Taiwanese goods, as “simplistic and crude.”Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) president Lien Hsien-ming (連賢
NOT TERRIBLE: Semiconductor firms were not included in the latest tariffs, likely due to their investments in the US, although an unpredictable Trump leaves uncertainty
Taiwan’s chip industry can now have a temporary reprieve, as semiconductors have been listed among imports exempted from the latest round of tariffs announced on Wednesday by US President Donald Trump, an analyst said yesterday.The exemption of semiconductors gave some insight into Trump’s tactics,
Taiwan’s computer, server makers and suppliers of related components are to bear the brunt of the newly announced 32 percent tariff to be imposed by the US, as those hardware accounted for 58 percent of exports to the US in February, Ministry of Economic Affairs data showed.The reciprocal levy of 32
ASML Holding NV, the sole producer of the most advanced machines used in semiconductor manufacturing, said geopolitical tensions are harming innovation a day after US President Donald Trump levied massive tariffs that promise to disrupt trade flows across the entire world.“Our industry has been buil
The Taiwanese government needs to review its existing import duties on U.S. goods and practices to seek to remove the trade barriers that led to the high reciprocal tariff US President Donald Trump slapped on the country, economists said yesterday.In particular, the government needs to study a repor
Taiwanese auto part suppliers are considering the possibility of rolling out products in the US after US President Donald Trump slapped a 25 percent tariff on foreign-made auto parts overnight, but remain concerned about their bottom line given the unavoidable increase in operating costs.Tong Yang G
People walk among peonies in full bloom at the Shanlin Creek Forest Recreation Area in Nantou County on the first day of the Tomb Sweeping Day holiday yesterday.
‘LIBERATION DAY’: Fears of a global trade war have intensified, as several countries said they were lining up their responses, while analysts warned of an economic hit
Equity markets were mixed yesterday, as nervous investors braced for US President Donald Trump’s wave of tariffs later in the day, with speculation about what he has in store stoking uncertainty on trading floors.Shares in Taiwan closed slightly higher as investors appeared reluctant to chase prices
CAUTIOUS: Stock market fluctuations and global uncertainties would still weigh on the property market in the short term, a Sinyi Realty manager said
Housing transactions in the six special municipalities in the first quarter of this year fell 23.6 percent year-on-year to 48,035 units, the lowest level for the same period in eight years, data released by local government agencies on Tuesday showed.Market watchers said the central bank’s selective
Msscorps Co (汎銓科技) yesterday said it expects silicon photonics-related and artificial intelligence (AI) analysis services to fuel revenue growth, as it benefits from the AI boom.The company provides advanced semiconductor materials analysis and failure analysis to semiconductor firms, including Taiw
Hon Hai Precision Industry Co (鴻海精密) has increased its investment in India and Vietnam, which sources said were likely made to expand capacity for Apple Inc products and artificial intelligence (AI) servers.Since Oct. 25 last year, the company has bought US$32.26 million in equipment from Apple Oper
Chinese electric vehicle (EV) maker Xiaomi Corp (小米) said it would cooperate with a police investigation into a fatal crash involving one of its cars, which had been in autonomous mode just before the accident.Three college students died on Saturday night after their Xiaomi SU7 hit a concrete barrie
Tesla Inc’s sales declined 13 percent year-on-year in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.The double-digit drop is likely due to a combination of factors, including its aging lineup, competition from
Tigerair Taiwan chief commercial officer Bernard Hsu, fourth right, and guests participate in a ceremony at Japan’s Oita airport to commemorate the carrier’s first flight between Taiwan Taoyuan International Airport and the Japanese city. The new twice-weekly flights make Oita the carrier’s 21st des
MULTIFACETED: A task force has analyzed possible scenarios and created responses to assist domestic industries in dealing with US tariffs, the economics minister said
The Executive Yuan is tomorrow to announce countermeasures to US President Donald Trump’s planned reciprocal tariffs, although the details of the plan would not be made public until Monday next week, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday.The Cabinet established an economic and t
TIGHT-LIPPED: UMC said it had no merger plans at the moment, after Nikkei Asia reported that the firm and GlobalFoundries were considering restarting merger talks
United Microelectronics Corp (UMC, 聯電), the world’s No. 4 contract chipmaker, yesterday launched a new US$5 billion 12-inch chip factory in Singapore as part of its latest effort to diversify its manufacturing footprint amid growing geopolitical risks.The new factory, adjacent to UMC’s existing Sing
Taiwan’s official purchasing managers’ index (PMI) last month rose 0.2 percentage points to 54.2, in a second consecutive month of expansion, thanks to front-loading demand intended to avoid potential US tariff hikes, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.Whi
Intel Corp is to spin off assets that are not central to its mission and create new products including custom semiconductors to try to better align itself with customers,chief executive officer Lip-Bu Tan (陳立武) said on Monday.The US chipmaker needs to replace the engineering talent it has lost, impr
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