Some robotaxi passengers were left stranded in the middle of fast-moving traffic in a major Chinese city after their driverless vehicles stopped running, according to police and media reports on Wednesday.A preliminary investigation indicates more than 100 robotaxis came to a halt because of a “syst
Good news for people who regret the Gmail address they came up with when they registered for an account: Google is now letting users change it.Google started quietly rolling out the change late last year in India and said this week in a blog post that it is now available for all Google Account users
OVERHAUL: The US president also issued a separate metals tariff proclamation that halved the duty rate to 25% on many derivative products made with steel
US President Donald Trump on Thursday ordered 100 percent tariffs on certain branded pharmaceutical imports, and overhauled steel, aluminum and copper duties as his administration sought to move on from the collapse of the broad global tariffs that he announced exactly a year earlier.The new tranche
AI BOOM: Strong demand for high-seed load boards used in final testing for chips used in high-performance-computing devices fueled the growth
Chunghwa Precision Test Technology Co (CHPT, 中華精測), a chip testing and wafer probing services provider, yesterday reported record-high quarterly revenue for last quarter totaling NT$1.36 billion (US$42.5 million), setting the scene for the company to report gradual growth each quarter this year driv
Domestic banks and securities firms are strengthening fee-based businesses to support revenue growth and cushion potential market volatility, a report by Taiwan Ratings Corp (中華信評) said.Taiwanese lenders have steadily expanded fee income in the past few years — particularly from wealth management an
Global redemption pressures in the private credit market have forced several major funds to restrict withdrawals or suspend redemptions, but Taiwan’s exposure remains limited and manageable, the regulator said.The Financial Supervisory Commission (FSC) on Thursday said that as of the end of February
Microsoft Corp has unveiled a four-year, US$10 billion investment package for Japan, a major pillar of its Asia-wide artificial intelligence (AI) push.The early OpenAI backer is to develop cloud and AI infrastructure alongside Sakura Internet Inc and telecom Softbank Corp, with the two Japanese enti
A man walks near new automobiles parked and ready to be exported at a port in Pyeongtaek, South Korea, yesterday.
AI-FUELED DEMAND: The company has been benefiting from the skyrocketing prices for DRAM chips amid the AI frenzy, especially its core product — DDR4 DRAM chips
DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday reported that its revenue for the first quarter surged 582.91 percent to NT$49.09 billion (US$1.54 billion) from NT$7.19 billion a year earlier, as the supply crunch caused chip price spikes.Last quarter’s figure is the highest on record. On a qu
UNAFFECTED: Institutions remain optimistic about the economy, given its shift toward the AI industry, as the Middle East war has limited impact on AI development
Taiwan’s economic growth is still expected to be higher than 7 percent this year if the Middle East war ends soon, National Development Council (NDC) Minister Yeh Chun-hsien (葉俊顯) said yesterday, citing the latest GDP growth forecasts by seven institutions.Four forecast GDP growth above 8 percent, o
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday.While Taiwan’s priority is to have enough LNG at home,
KGI Financial Holding Co (凱基金控) yesterday said its earnings momentum would remain strong this year, supported by continued expansion at its core banking, securities and insurance businesses.Integration among subsidiaries — including KGI Bank Co (凱基銀行), KGI Securities Ltd (凱基證券) and KGI Life Insuranc
US President Donald Trump’s administration is preparing to outline a tiered system for its broad tariffs on steel and aluminum products in an attempt to simplify a process that has dogged US companies for months.The US would maintain 50 percent tariffs on a large number of derivative products in whi
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources.Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February
A farmer with a bag of garlic bulbs walks on his field in Yunlin County yesterday. Yunlin is the largest garlic-producing area in Taiwan. Due to a warm winter and little rain, the county’s garlic yield is poor and garlic bulbs are smaller than usual, pushing down wholesale prices, the Agriculture an
HIGHER PRICES: Given rising energy costs, CPC raised natural gas prices for generators by 41.58%, which Taipower said would raise its power generation costs by NT$10 billion
State-run CPC Corp, Taiwan (CPC, 台灣中油) has activated its fourth naphtha cracker to boost ethylene supply, aiming to ease concerns over plastic material shortages amid tensions in the Middle East, the Ministry of Economic Affairs said yesterday. The move is expected to add 19,000 tonnes of supply thi
DENIAL: The FPCC rejected allegations it was creating an artificial shortage to drive up prices, saying it had been impacted by surging costs amid the Middle East conflict
A Democratic Progressive Party (DPP) lawmaker yesterday called for a government probe into Formosa Petrochemical Corp (FPCC, 台塑石化) over suspected output cuts and possible stockpiling of key petrochemical feedstocks amid a plastics shortage in Taiwan.At a news conference, DPP Legislator Chung Chia-pi
New car sales in Taiwan last month reached 39,318 units, a 78.4 percent increase from the previous month, as the number of working days returned to normal from a mere 14 days in February, market researcher U-Car said in a report yesterday. A renewal of government tax incentives, such as the NT$100,0
Taiwan’s manufacturing purchasing managers’ index (PMI) last month expanded for the sixth straight month, despite the Middle East conflict, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.The gauge came in at 55.4, down 3.1 points from February, but still above the 50
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