China has signaled it is ready to unleash tariffs as high as 25 percent on imported vehicles with large engines, as trade tensions escalate with the US and EU.The China Chamber of Commerce to the EU said in a statement on X that it was informed about the potential move by “insiders.” The levies woul
INCENTIVE: The NSTC plans to offer funding to colleges and universities that work with local semiconductor firms to improve power device manufacturing capabilities
The National Science and Technology Council (NSTC) yesterday said it plans to present new projects within three months that would facilitate the development of power devices used in electric vehicles (EVs) and energy converters to complete the missing piece in the nation’s semiconductor industry.Asi
The nation’s unemployment rate was 3.36 percent last month, down 0.02 percentage points from a month earlier, as local manufacturers emerged from a global slowdown and service providers reported solid business, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.It wa
Some of the world’s biggest tech companies pledged to work together to guard against the dangers of artificial intelligence (AI) as they wrapped up a two-day AI summit, also attended by multiple governments, in Seoul. Sector leaders from South Korea’s Samsung Electronics Co to Google promised at the
E Ink Holdings Inc (元太科技), the world’s largest e-paper display supplier, yesterday reported a 25 percent annual decline in net profit for last quarter as a bumpy transition to better color displays for electronic shelf labels (ESLs) led to a supply chain glut.Module customers were still grappling wi
Some of the steep US tariff increases on an array of Chinese imports, including electric vehicles (EVs) and their batteries, computer chips and medical products, would take effect on Aug. 1, the US Trade Representative’s office said yesterday.US President Joe Biden would keep tariffs put in place by
Chinese e-commerce giant Pinduoduo Holdings Inc (拼多多) announced yesterday its net profit for the first quarter more than tripled, as the Temu owner continues to boost its competitiveness in its home market and abroad.Pinduoduo is one of China’s leading online retailers — owing largely to its success
SLOWDOWN: Electricity used by makers of machinery equipment and plastic products appeared to have bottomed out, while it floundered for chemical and rubber products
Electricity use among the nation’s heavy users last month rebounded 3.35 percent from a year earlier, the fastest growth in 29 months, driven by suppliers of electronics used in artificial intelligence (AI) and other emerging technology applications, the Taiwan Research Institute (台灣綜合研究院) said yest
ASML Holding NV and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) have ways to disable the world’s most sophisticated chipmaking machines in the event that China invades Taiwan, people familiar with the matter said.Officials from the US government have privately expressed concerns to both their
NEW TECHNOLOGY: The firm is vying for business opportunities in the Internet of Things, artificial intelligence, high-performance computing and electric vehicle arenas
Contract chipmaker Powerchip Semiconductor Manufacturing Corp (力積電) yesterday said revenue would gradually pick up in the second half of this year due to restocking demand and an optimized product portfolio in response to growing demand for artificial intelligence (AI) applications.The Hsinchu-based
Vietnamese officials have called on Apple Inc supplier Foxconn Technology Group (富士康科技集團) to voluntarily reduce power use by 30 percent at its assembly plants in the north of the nation where there were electricity outages last year, two people familiar with the matter said.The request for energy-sa
A Taiwanese company is to invest an estimated US$30 million to build an electric bus manufacturing and assembly plant in Paraguay, according to a memorandum of understanding (MOU) signed in Taipei yesterday.Speaking at the signing ceremony, visiting Paraguayan President Santiago Pena said the MOU wo
Samsung Electronics Co is replacing the head of its semiconductor arm, appointing a longtime memorychip veteran to spearhead efforts to catch up with SK Hynix Inc in the booming artificial intelligence (AI) arena.Samsung named Jun Young-hyun the new leader of its most important business line. He rep
United Microelectronics Corp (UMC, 聯電) yesterday held a ceremony to celebrate the arrival of the first equipment tools for phase 3 expansion at its Fab12i in Singapore.UMC, the second largest pure play wafer foundry operator in Taiwan, called the equipment move-in a new milestone for its production
A man looks at a 900-year-old statue of the Hindu god Shiva, dubbed “Golden Boy,” on display at a repatriation ceremony in Bangkok yesterday after it arrived from the US. The statue that spent three decades at the Metropolitan Museum of Art in New York after being smuggled out of Thailand more than
BETTER THAN EXPECTED: Orders posted the highest year-on-year growth in two years, outpacing the ministry’s estimate, and momentum is expected to continue
Export orders expanded by 10.8 percent annually last month, the highest year-on-year growth in two years, thanks to robust demand for chips used in artificial intelligence (AI) and high-performance computing (HPC) devices mainly from Nvidia Corp, the Ministry of Economic Affairs said yesterday. It a
AGENDA: The summit would discuss AI-related risks that might emerge, such as voter manipulation through fake stories, or deepfake pictures or videos of people
South Korea and the UK hosted a major international summit on artificial intelligence (AI) in Seoul this week, where governments plan to press tech firms on AI safety.The meeting is a follow-up to the inaugural global AI safety summit at Bletchley Park in Britain last year, where dozens of countries
The public’s confidence in the economic outlook and stock investment declined slightly this month, but remained positive overall, a survey by Cathay Financial Holding Co (國泰金控) showed yesterday.Of the respondents, 34.2 percent expect the nation’s economy to improve in the next six months, while 32.1
Taiwan’s accounts last quarter registered a US$29.11 billion surplus on the back of improving exports, but capital outflows grew by US$29.19 billion, leaving the balance of payments (BOP) at a deficit of US$330 million, the central bank said yesterday.It is the first BOP deficit since the third quar
Advanced Micro Devices Inc (AMD) has applied to set up a research and development (R&D) center in Taiwan as part of the government’s “A+ Industrial Innovative R&D Program,” the Ministry of Economic Affairs said yesterday. The ministry did not disclose the investment amount or what the plan is.The pr