VOLATILITY: The local currency has been buffeted by a series of sharp swings since Friday last week, as the central bank stepped in to check its gains against the US dollar
The New Taiwan dollar yesterday surged more than 2 percent in another day of volatility for the currency, as exporters’ sales of the greenback tested the central bank’s tolerance for local currency strength.The NT dollar jumped as much as 2.5 percent to NT$29.160 per US dollar yesterday in the bigge
GAINING MOMENTUM: The non-manufacturing index rose 2.4 points to 54.3 last month, buoyed by a TAIEX rebound and solid commercial property demand in emerging hubs
Taiwan’s manufacturing sector slid back into contraction territory last month, weighed down by expiring US tariff waivers and volatile exchange rates, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.The seasonally adjusted manufacturing purchasing managers’ index (PMI)
Worries over future US tariffs are clouding the outlook for factories across much of Asia and Europe, according to surveys released yesterday which nonetheless showed some were able to shrug off the uncertainty and keep growing.Among the bright spots, Japan’s manufacturing data showed growth for the
New vehicle sales in Taiwan shrank 14.4 percent year-on-year in the first half of this year, not boding well for the market to return to positive growth this year amid the uncertainty of US tariffs, government data showed yesterday.Cumulative sales in the first six months were 198,867 units, after s
Taipei’s Zhonghua Borough (中華) replaced Hsinchu City’s Guanxin Borough (關新) with the highest average annual household income among the nation’s boroughs in 2023, income tax data released on Monday by the Ministry of Finance showed.The average annual household income in Zhonghua in Taipei’s Songshan
Silicon Motion Technology Corp (慧榮科技), the world’s largest supplier of NAND flash memory controllers, has hired former MediaTek Inc (聯發科) executive Jeffrey Ju (朱尚祖) as its senior vice president of platform and strategy, the company said yesterday.In his new role, Ju would lead efforts to deepen exec
US Federal Reserve Chair Jerome Powell said he expects the impact of tariffs to show up in inflation data in coming months, while acknowledging that uncertainties remain.“We’re watching. We expect to see over the summer some higher readings,” Powell said yesterday on a panel alongside other prominen
People take pictures of a giant dinosaur doll at the lobby of Nantai Cinema in Tainan yesterday. Tainan’s Tree Valley Life Science Museum, Zuojhen Fossil Park and a local theater are to jointly present a series of activities and films related to dinosaurs and fossils during the school summer holiday
EXPANDED IMPACT: The company earlier this year partnered with Taiwanese sustainable brand Blueseeds to support local contract farming of herb fields
Chugai Pharma Taiwan Ltd (台灣中外製藥) on Friday was honored at the prestigious Asia Responsible Enterprise Awards (AREA), receiving accolades in the Green Leadership and Social Empowerment categories.It was the fourth consecutive year the company has received international recognition at AREA, underscor
GROWTH PLANS: With Taiwan Speciality Chemicals’ first acquisition, the company aims to double its revenue every three to four years and launch one new product each year
Semiconductor specialty gas supplier Taiwan Speciality Chemicals Corp (台特化) expects revenue to grow 170 percent after acquiring a major stake in semiconductor parts cleaning company Hung Jie Technology Corp (弘潔科技) in a NT$3 billion (US$100.33 million) all-cash deal, a company executive said yesterda
Credit card users in Taiwan younger than 30 years old topped all age groups in annual spending last year, spending an average of NT$2.041 million (US$68,256) per card, the National Credit Card Center said yesterday.While credit card users younger than 30 accounted for only 7.42 percent of the total
Cable assembly maker Golden Bridge Electech Inc (金橋) yesterday said it aims to sustain revenue growth in the second half of this year, driven by rising demand for artificial intelligence (AI) applications in the consumer electronics sector.The company would also seek to work with leading original eq
HARD TIMES: The FSC’s move follows life insurers’ reports of NT$106.6 billion in pretax losses for May, which dragged the industry into a NT$61.7 billion deficit
The Financial Supervisory Commission (FSC) yesterday authorized insurers to unlock a significant portion of excess policy reserves in a bid to stabilize their earnings amid foreign exchange and equity market turbulence.In a directive issued yesterday, the FSC said domestic insurers could release up
Meta Platforms Inc and its CEO Mark Zuckerberg are spending billions of dollars for top talent to make up ground in the generative artificial intelligence (AI) race, sparking doubt about the wisdom of the spree.OpenAI boss Sam Altman lamented that Meta has offered US$100 million bonuses to engineers
A man pushes a dolly of water containers past the Sagrada Familia Basilica amid a heat wave in Barcelona, Spain, yesterday.
The US overtaking China as Taiwan’s top export destination could boost industrial development and wage growth, given the US is a high-income economy, an economist said yesterday.However, Taiwan still needs to diversify its export markets due to the unpredictability of US President Donald Trump’s adm
MARKET LEADERSHIP: Investors are flocking to Nvidia, drawn by the company’s long-term fundamntals, dominant position in the AI sector, and pricing and margin power
Two years after Nvidia Corp made history by becoming the first chipmaker to achieve a US$1 trillion market capitalization, an even more remarkable milestone is within its grasp: becoming the first company to reach US$4 trillion.After the emergence of China’s DeepSeek (深度求索) sent the stock plunging e
NEW MODELS: AI researchers are facing challenges in managing deceptive behaviors, with limited regulation and testing, as the race for advanced models intensifies
The world’s most advanced artificial intelligence (AI) models are exhibiting troubling new behaviors — lying, scheming and even threatening their creators to achieve their goals.In one particularly jarring example, under threat of being unplugged, Anthropic PBC’s latest creation, Claude 4, lashed ba
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) smaller affiliate Vanguard International Semiconductor Corp (VIS, 世界先進) might accelerate the chip production schedule at its new US$7.8 billion joint venture in Singapore, on greater customer demand for hedging against geopolitical risks.VIS might
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