Hon Hai Precision Industry Co (鴻海精密), which assembles servers for Nvidia Corp, yesterday said that revenue last month rose 10.61 percent year-on-year, driven by strong growth in cloud and networking products amid continued front-loading orders for artificial intelligence (AI) server racks.Consolidat
TECHNOLOGY SHIFT: Panel-level packaging technology is expected to succeed CoWoS, as its larger capacity can accommodate more AI chips, CEO George Yi said
Semiconductor equipment manufacturer Skytech Inc (天虹科技) yesterday said it expects to outpace its rivals in a major chip packaging technology shift by delivering in November its first equipment for commercializing fan-out panel-level packaging (PLP) technology .That would put Skytech ahead of its ri
US President Donald Trump on Thursday said his administration would impose tariffs on semiconductor imports from companies not shifting production to the US, speaking ahead of a dinner with major technology company CEOs.Since returning to office in January, Trump’s threat of tariffs has alienated tr
US employment data — set for release yesterday — was expected to confirm a cooled labor market, as companies pull back on hiring amid continued uncertainty over US President Donald Trump’s tariffs.However, the jobs report is set to attract heightened scrutiny, after a poor showing last month prompte
A paratrooper takes part in a naval demonstration on the first day of the 48th World Port Days in Rotterdam, Netherlands, yesterday. The annual event is expected to draw hundreds of thousands of visitors to the port city.
SOCIAL RESPONSIBILITY: Retroactive to Monday, state-backed loans for first-time homebuyers would no longer count toward the 30% ceiling on property loans
Taiwan’s housing market could experience short-term relief after the Executive Yuan yesterday approved a plan to exempt first-time homebuyers from loan restrictions, a move designed to ease a tightening in credit while reassuring the public it would not reignite property speculation.Retroactive to M
The government is to set up a professional team to help the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) and other industry associations establish high-tech parks overseas, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday.The ministry has learned from industry
US President Donald Trump’s administration on Wednesday asked the US Supreme Court for an expedited ruling preserving the tariffs that have roiled global markets, saying a lower court ruling against it has already damaged trade negotiations.US Solicitor General John Sauer urged the court in a filing
POPULAR ISSUE: The insurer’s first bond sale in overseas markets was nearly three times oversubscribed, drawing more than US$1.9 billion in orders, the company said
Fubon Life Insurance Co (富邦人壽) on Wednesday sold US$650 million of 10.25-year subordinated bonds at a coupon rate of 5.45 percent, parent Fubon Financial Holding Co (富邦金控) said in a regulatory filing yesterday.The insurer would use the proceeds to supplement and strengthen its working capital and fi
National Technology Adviser Dave Smith is to lead 34 British semiconductor business representatives to this year’s Semicon Taiwan trade show, to be held from Wednesday to Friday next week, the UK representative office to Taiwan said yesterday.“I am delighted to be returning to Taiwan to lead the UK
Chinese electric vehicle (EV) maker BYD Co (比亞迪) has slashed its full-year sales target as intense competition in its home market hurts its bottomline.The world’s biggest seller of EVs now plans to deliver 4.6 million units this year, down 16 percent from its previous expectation for 5.5 million, Re
Taiwan and Japan will kick off a series of cross border listings of exchange-traded funds (ETFs) this month, a milestone for the internationalization of the local ETF market, the Taiwan Stock Exchange (TWSE) said Wednesday.In a statement, the TWSE said the cross border ETF listings between Taiwan an
LIMITED IMPACT: Investor confidence was likely sustained by its relatively small exposure to the Chinese market, as only less advanced chips are made in Nanjing
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) saw its stock price close steady yesterday in a sign that the loss of the validated end user (VEU) status for its Nanjing, China, fab should have a mild impact on the world’s biggest contract chipmaker financially and technologically.Media reports ab
REASSURANCE: The ministry has prepared financial support for companies, such as loans of up to NT$40 million for research and development or technical upgrades
The government is working with agencies to address issues including labor shortages, financial support and structural transformation, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday during his meetings with representatives from traditional sectors like screw makers.As labor shortage
The Ministry of Digital Affairs (MODA) aims to build an artificial intelligence (AI) ecosystem as part of efforts to improve the country’s industrial environment, Minister of Digital Affairs Lin Yi-jing (林宜敬) said yesterday.Speaking with reporters, Lin, who assumed the post last week in a Cabinet re
Taiwan’s property market cooled sharply last month, with housing transactions across the six special municipalities plunging, as central bank lending restrictions and US tariffs weighed on demand, brokers said.Combined home transfers in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiun
Berlin is probing whether Chinese e-commerce giant JD.com Inc’s (京東集團) bid to take over a major German electronics retail group presents a risk to the country’s security, government sources said on Tuesday. It is the latest case of an attempted Chinese investment in Europe’s top economy facing offic
A man decorates traditional doll-shaped sugar candies at a street market in Cairo on Wednesday last week, ahead of Mawlid al-Nabi, which marks the birthday of the Prophet Mohammed. Mawlid al-Nabi this year commenced at sunset yesterday and continues through today.
INDUSTRY: Loan guarantees reached NT$1.13 trillion in the first eight months of the year, reflecting government efforts to help SMEs maintain stability, Kung Ming-hsin said
Minister of Economic Affairs Kung Ming-hsin (龔明鑫) yesterday said the government would stand by the machine tool and machinery industries, as they are the backbone of the domestic manufacturing industry, and vowed not to withdraw financial aid when needed.The two industries are facing headwinds from
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