Gold prices yesterday broke US$4,000 for the first time as investors piled into the safe haven over expectations for US interest rate cuts and worries about the US government shutdown.The rally in the precious metal also came after concerns that a tech-fueled rally that has sent some equity markets
Phoenix Silicon International Corp (昇陽半導體), the world’s largest supplier of reclaimed wafers, yesterday said it is investing NT$1.85 billion (US$60.59 million) to build a new plant in Taichung to accelerate capacity expansions, and to meet market demand.The new plant, dubbed FAB3B, is expected to en
PROFITABLE FABS: If there is profit overseas, no concerns about national security, and the industry benefits, the government would help, the economics minister said
There would be no 50-50 split in chip production between Taiwan and the US, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday ahead of a legislative meeting in Taipei, responding to comments by officials in Washington.US Secretary of Commerce Howard Lutnick late last month proposed a
Taiwan’s consumer price index (CPI) last month rose 1.25 percent from the same month last year, the slowest pace in four-and-a-half years and below the government’s 2 percent alert level for a fifth straight month, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.D
Wistron Corp (緯創) yesterday reported a 109.94 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into this quarter.Revenue last month was NT$203.44 billion (US$6.66 billion), a record for Septem
Google yesterday announced the official launch of a Traditional Chinese version of Google Search AI Mode in Taiwan.In an article on its official blog, the company said AI Mode enables users to delve deeper into complex topics and ask questions three times longer than traditional searches, rather tha
A woman introduces artificial intelligence-enabled mini robots at an exhibition at the NTUH International Convention Center in Taipei yesterday. The Tainan City Government, the Taipei Computer Association and the Taiwan Smart City Solutions Alliance jointly launched the “Smart Robotics Applications
KGI Financial Holdings, in collaboration with the China Development Foundation under its umbrella, continues to promote the “Skills and Expertise Scholarship,” supporting the development of the younger generation. To expand the performance stage for young artists, three “Seeing Talent” series concer
BOUNCE BACK: While revenue fell 7.28 percent in the first eight months of the year, the company expects demand for AI chips to fuel revenue growth next year, it said
Plasma-based equipment supplier Nano Electronics and Micro System Technologies Inc (暉盛科技) yesterday forecast revenue this year would continue to slip before surging back next year on the back of robust demand for IC substrates for artificial intelligence (AI) applications, and increasing adoption of
Taiwan’s foreign exchange reserves hit a record high at the end of last month, surpassing the US$600 billion mark for the first time, the central bank said yesterday.Last month, the country’s foreign exchange reserves rose US$5.51 billion from a month earlier to reach US$602.94 billion due to an inc
Taiwanese shares yesterday smashed closing records to top 27,000 points as the bellwether electronics sector continued its momentum after a deal announced by chip designer Advanced Micro Devices Inc (AMD) and OpenAI overnight.The TAIEX closed up 450.89 points, or 1.68 percent, at 27,211.95, with tur
CRISSCROSS: The 570Tbps cable would complement Meta’s other lines in the region, including Apricot, which connects 290Tbps of capacity to Taiwan
Facebook and Instagram owner Meta Platforms Inc on Sunday announced that it is collaborating with major telecoms in the Asia-Pacific region to build a new submarine cable to bring increased connectivity to Taiwan and five other nations in 2028.Candle, an 8,000km-long submarine cable, would be the la
OpenAI on Monday touted new partnerships to incorporate its artificial intelligence (AI) products across diverse industries at its developer conference, aiming to drive the strong momentum it has enjoyed among consumers to its enterprise business.“You should expect a huge focus from us on really lea
Leadtek Research Inc (麗臺) on Friday reported that third-quarter revenue surged 93.6 percent year-on-year to NT$1.95 billion (US$63.9 million), as the supplier of graphics processing units (GPUs), artificial intelligence workstations and servers last month collected sizeable receivables of 279 millio
Dakeng Leisure Farm head Tsai Cheng-wen packs grapefruit in Tainan’s Sinhua District yesterday. The freshly harvested fruit, along with others such as papayas and oranges, are to be shipped to flood-hit areas of Hualien County as part of donations for disaster relief, Tsai said.
MIXED DAY: The victory of LDP President Sanae Takaichi brought a wave of optimism on Japanese trading floors, as she has previously backed aggressive monetary easing
Tokyo stocks surged almost 5 percent to a record high yesterday, and the yen sank on bets that the new leader of Japan’s ruling party would embark on a new era of loose monetary policy to revive the country’s economy. However, the gains came on a mixed day for the rest of Asia, while Paris tumbled m
Handset camera lens maker Largan Precision Co (大立光) on Sunday reported a 6.71 percent year-on-year decline in revenue for the third quarter, despite revenue last month hitting the highest level in 11 months. Third-quarter revenue was NT$17.68 billion (US$581.2 million), compared with NT$18.95 billio
Global artificial intelligence (AI) notebook computer shipments are expected to account for 19.7 percent of the overall notebook market this year, driven mainly by Apple Inc’s MacBook models, TrendForce Corp (集邦科技) said on Thursday. The Taipei-based researcher defines AI notebooks by considering the
AI RACE: Determined to reduce their dependence on Nvidia, major cloud providers such as Google and Amazon have developed their own processors
The artificial intelligence (AI) revolution has whetted the appetites of Nvidia Corp’s competitors, who are seeking to close the gap on the chip giant, which has so far been the central playmaker in the AI revolution. Virtually unknown to the general public just three years ago, Nvidia now boasts th
This year’s Taipei Innovative Textile Application Show (TITAS) is to highlight sustainability, functional applications and intelligent manufacturing as the industry faces potential US tariff threats, the event’s organizer, the Taiwan Textile Federation, said yesterday.Federation president Justin Hua