AI BOOST: TSMC, Hon Hai, Delta, MediaTek and Quanta account for 52.8 percent of the market’s capitalization and are expected to continue dominating the TAIEX
Taiwan’s benchmark TAIEX could approach 35,000 points next year, as it continues to ride a global artificial intelligence (AI) boom, five major advisory firms said.President Capital Management Corp (統一投顧) offered the most optimistic outlook among the firms, saying the index would reach 34,988.AI app
Taiwan should increase its geothermal development investment, as its stable output could complement the nation’s fast-growing solar and wind power capacity, an international consultant said last week.COWI A/S Asia-Pacific business development director Vun Pui-lee (溫沛理) at an event hosted by the Trad
Taiwan’s foreign exchange reserves at the end of last month fell below US$600 billion as the central bank stepped in to sell the US dollar to prevent it from appreciating further against the New Taiwan dollar.Data released on Friday by the central bank showed that the country’s forex reserves fell U
Gasoline and diesel prices at domestic fuel stations are to rise NT$0.1 per liter this week, after international crude oil prices increased for two consecutive weeks, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday.Effective today, gasoline prices at CPC and Formosa
A Christmas tree towers over the Wanjin Basilica, the oldest Catholic church in Taiwan, in Pingtung County’s Wanluan Township, yesterday. The church performed its annual Madonna Procession yesterday and is scheduled to hold its Christmas tree lighting ceremony, installation art exhibition, Christmas
The demise of the coal industry left the US’ Appalachian region in tatters, with lost jobs, spoiled water and countless kilometers of abandoned underground mines. Now entrepreneurs are eyeing the rural region with ambitious visions to rebuild its economy by converting old mines into solar power syst
Netflix on Friday faced fierce criticism over its blockbuster deal to acquire Warner Bros Discovery. The streaming giant is already viewed as a pariah in some Hollywood circles, largely due to its reluctance to release content in theaters and its disruption of traditional industry practices. As Netf
Staring at a pile of freshly cut beechwood, forestry manager Johannes Brodowski wonders if he is looking at the future of Germany’s chemicals industry. A local factory would use Brodowski’s trees and other organic material — instead of climate-harming fossil fuels — to make chemical products used to
FOOD PRICES RISE: Despite easing headline inflation, prices for consumer staples climbed 2.76 percent from a year earlier, increasing for the sixth consecutive month
The consumer price index (CPI) rose 1.23 percent last month from a year earlier, the lowest rate of increase in 56 months as easing international crude oil and commodity prices along with stable weather helped contain food prices, the Directorate-General of Budget, Accounting and Statistics (DGBAS)
ONE UP, ONE DOWN: Largan said revenue last month fell 11.8% from a year earlier, while Qisda Co said that it is targeting growth in its medical business next year
Hon Hai Precision Industry Co (鴻海精密), which assembles servers for Nvidia Corp, yesterday said that revenue last month rose 25.53 percent year-on-year, driven by growth in cloud and networking products amid continued front-loading of orders for artificial intelligence (AI) server racks.Consolidated r
The US government plans to take more equity stakes in critical minerals companies, a White House official said on Thursday, calling the once-rare move necessary to counter China’s dominance in the raw materials used in everything from semiconductors to MRI machines.“I think they’re the norm from our
OpenAI has partnered with Australian data center operator NextDC Ltd to build a A$7 billion (US$4.6 billion) large-scale computing cluster in Sydney, accelerating its expansion in the Asia-Pacific (APAC) region.The new data center is part of a broader artificial intelligence (AI) infrastructure part
India’s central bank yesterday lowered its benchmark interest rate for the first time in six months and signaled that it is open to further easing, predicting inflation would remain relatively low even as the economy continues to boom.The Reserve Bank of India’s (RBI) six-member monetary policy comm
A woman looks at Marvel figures at Tokyo Comic Con at Makuhari Messe in Chiba, Japan, yesterday. The three-day convention is open to the public until tomorrow.
TARIFF TALKS: The US secretary of commerce is eyeing more than US$300 billion in investments and said Taiwan would train US workers, but Taipei has denied the latter
US Secretary of Commerce Howard Lutnick said the US is expecting a large investment pledge from Taiwan in trade talks, while President William Lai (賴清德) listed areas that need improvement in order for projects to be completed.“We’re in the midst of discussions,” Lutnick said on Wednesday. “But the f
Central bank Governor Yang Chin-long (楊金龍) yesterday took a cautious stance on stablecoins, saying they do not yet meet the standards needed to serve as pillars of the monetary system, despite their growing role in digital finance and tokenized assets.Speaking at a conference organized by Financial
Memory module supplier Transcend Information Inc (創見) yesterday said it has inked long-term agreements with multiple chipmakers to secure supplies amid recent memory shortages.As the world’s major memory makers shift more capacity to make advanced chips, mainly high-bandwidth memory chips for artifi
Hon Hai Precision Industry Co’s (鴻海精密) surgical scrub robot, codeveloped with Taichung Veterans General Hospital (TVGH), is in the development phase and could be launched as early as spring next year, a senior hospital official said yesterday.The scrub robot is the second phase of Hon Hai and the ho
DIFFERING WANTS: The chipmaker has pressed for less controls on its chips, but lawmakers have expressed concern over selling those advanced chips to China
Nvidia Corp CEO Jensen Huang (黃仁勳) said he was unsure whether China would accept the company’s H200 artificial intelligence (AI) chips should the US relax restrictions on sales of the processors, following a meeting on Wednesday with US President Donald Trump.Huang said he and Trump talked about exp
RSS