TREND: Technology giants plan to step up AI spending and that would benefit Taiwanese firms in the supply chain, Hong Kong-based economist Kelvin Lau said
The average monthly regular wage in October gained 2.63 percent from a year earlier to NT$46,455, while the average total monthly wage — including overtime pay, performance-based commissions and bonuses — increased 3.41 percent to NT$53,227, the Directorate-General of Budget, Accounting and Statisti
GlobalWafers Corp (環球晶圓), the world’s third-largest silicon wafer supplier, yesterday said its board of directors has approved a cash dividend distribution of NT$5 per share, 37.5 percent lower than a year ago, due to weak net profits in the first half of this year. It is the lowest cash dividend is
PROSPECTS: Machine tool manufacturers are expected to regain momentum next year, an industry body said, adding the US market is expected to gradually heat up
Machinery exports last month fell 1.4 percent year-on-year, a reversal of the previous month’s 2.1 percent growth, the Taiwan Association of Machinery Industry (台灣機械公會) said in a report yesterday. Machinery exports totaled US$2.45 billion last month, compared with US$2.49 billion a year earlier, dat
Google on Monday showed off a new quantum computing chip that it said was a breakthrough that could bring practical quantum computing closer to reality. A custom chip called “Willow” does in minutes what it would take leading supercomputers 10 septillion years to complete, Google Quantum AI (artific
China’s exports slowed last month and imports declined, falling below forecasts and underscoring potential weakness in trade at a time when its leaders are striving to boost the economy after the shocks of the COVID-19 pandemic. Customs data yesterday showed exports grew 6.7 percent from a year earl
Air passenger numbers are forecast to top five billion for the first time next year and the sector’s revenues will break the trillion-dollar barrier, the global aviation body International Air Transport Association (IATA) said yesterday.“Passenger numbers are expected to reach 5.2 billion in 2025, a
US President Joe Biden’s administration yesterday finalized up to US$6.2 billion in funding for Micron Technology Inc, firming up a deal to boost domestic semiconductor production before Donald Trump returns to the White House.The Biden administration has been working to green-light agreements with
A woman takes a selfie near Christmas decorations and the bitcoin logo in San Salvador on Monday.
STRONG GROWTH: AI-related business is stealing the limelight from products like smartphones, and appears not to be affected by seasonality, boding well for local firms
Taiwan’s exports last month bounced 9.7 percent from a year earlier to US$41.09 billion, the second-strongest for the same period, as demand for almost all product categories picked up, due partly to preventive attempts on the part of suppliers to dodge potential US tariff hikes, the Ministry of Fin
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) founder Morris Chang (張忠謀) yesterday said that Intel Corp would find itself in the same predicament as it did four years ago if its board does not come up with a core business strategy.Chang made the remarks in response to reporters’ questions about
Chinese President Xi Jinping (習近平) and other top leaders yesterday said they would adopt a more “relaxed” approach to monetary policy as they hashed out plans to boost the economy next year.The world’s second-largest economy is battling sluggish domestic consumption, a persistent crisis in the prope
IN DEMAND: The goal is to increase the number of direct flights from Taiwan to Prague and to Vienna, the China Airlines president said
China Airlines Ltd (CAL, 中華航空) would prioritize adding direct flights to Prague and Vienna in the second half of next year due to increasing demand, CAL president Kao Shing-hwang (高星潢) said.During an interview in Hamburg, Germany, Kao said CAL flights to Europe this year have been more than 85 perce
South Korean stocks tumbled and the won approached its weakest level since 2009 following a weekend of political turmoil that left investors bracing for a period of heightened volatility.The benchmark KOSPI dropped 2.8 percent, and the small-cap KOSDAQ index slumped more than 5 percent to its lowest
China on Monday launched an investigation into US chip giant Nvidia Corp for allegedly violating its anti-monopoly laws, state broadcaster CCTV said.The State Administration for Market Regulation, the authority on antitrust issues, launched the probe "in accordance with the law," according to CCTV.N
Dancers wearing “Squid Game” costumes perform during a fan event for the global premiere of series two of the Netflix show “Squid Game” at Dongdaemun Design Plaza in Seoul yesterday.
WORLD DOMINATION: TSMC’s lead over second-placed Samsung has grown as the latter faces increased Chinese competition and the end of clients’ product life cycles
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) retained the No. 1 title in the global pure-play wafer foundry business in the third quarter of this year, seeing its market share growing to 64.9 percent to leave South Korea’s Samsung Electronics Co, the No. 2 supplier, further behind, Taipei-based
ESPIONAGE: The court decision came as concerns grow in the US Congress over the company gathering Americans’ data, requiring the company to divest or face a ban
US content creators on TikTok asked followers to subscribe to their channels on rival platforms such as Meta Platforms Inc-owned Instagram and Alphabet Inc’s YouTube after a US federal appeals court ruled that the social media app could be banned if it is not sold to a US-based company by Jan. 19.Ti
A former ASML Holding NV employee is facing a lawsuit in the Netherlands over suspected theft of trade secrets, Dutch public broadcaster NOS said, in the latest breach of the maker of advanced chip-manufacturing equipment.The 43-year-old Russian engineer, who is suspected of stealing documents such
Gasoline and diesel prices are to fall NT$0.1 per liter this week following a fall in global oil prices last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday.As the OPEC+ alliance on Thursday decided to postpone production increases until April 1, and the US En