Taiwanese businesses, including those operating in China, yesterday urged the Democratic Progressive Party (DPP) to review and revise its policies related to cross-strait relations after winning an unprecedented third consecutive presidential term on Saturday.
Vice President William Lai (賴清德) of the DPP and his running mate, Hsiao Bi-khim (蕭美琴), won the presidential election, receiving 5,586,019 votes, or 40.05 percent of the total, the Central Election Commission said.
Lai defeated the main opposition candidate of the Chinese Nationalist Party (KMT), New Taipei City Mayor Hou You-yi (侯友宜), who won 33.49 percent of the vote, and Taiwan People’s Party Chairman Ko Wen-je (柯文哲), who garnered 26.46 percent.
Photo: Daniel Ceng, EPA-EFE
Association of Taiwan Investment Enterprises on the Mainland president Lee Cheng-hung (李政宏) said that when formulating cross-strait policy, the DPP should remember that more than 8 million people did not vote for them.
“The incoming DPP administration should draw a lesson from this bitter experience [of a majority of voters backing other parties] and present a better policy to help Taiwanese striving for a better life and future,” he said.
Lai has been targeted by the KMT and Beijing for his description of himself as a “pragmatic worker for Taiwanese independence,” although he has sought to walk back that characterization in the past few months.
Noting that cross-strait relations are issues of global concern, Lee stressed the importance of cross-strait peace and stability, saying it has great implications for the global economy.
Tsai Shih-ming (蔡世明), a Taiwanese businessman in Shanghai, said in a telephone interview that the DPP would have no honeymoon period with China after Saturday’s election.
Beijing would judge Lai’s administration by its deeds, not just its words, Tsai said, adding that China holds the cards concerning the resumption of exchanges.
Hander Chang (張致遠), secretary-general of the Hsinchu-based Taiwan Science Park Association of Science and Industry, said that while Taiwan’s trade dependence on the Chinese market has fallen in the past few years, the country remains a large export destination for Taiwanese goods.
An abrupt cooling in cross-strait relations is not in the interests of Taiwan because the nation is small and cross-strait collaboration is of great importance to it, Chang said.
GlobalWafers Co (環球晶圓) chairwoman Doris Hsu (徐秀蘭) said that while the company has expanded its business globally, it hopes that Taiwan can maintain stable engagement with other countries.
Powerchip Semiconductor Manufacturing Co (力積電) chairman Frank Huang (黃崇仁) said that despite Taiwan’s strength in the global semiconductor supply chain, it still needs to talk with China given the huge Chinese market.
“Taiwan could not completely rely on the US. It should deal with China and maintain peace across the strait,” Huang said.
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.