Three local companies yesterday announced the formation of a joint venture to make inroads into the high-performance adhesive materials market for advanced chip packaging technology.The three companies are semiconductor special chemicals supplier Advanced Echem Materials Co (新應材), Nan Pao Resins Che
Taiwan’s economy maintained steady momentum last month, with the government’s business climate monitor flashing a “green” light for the third consecutive month, signaling stable expansion despite rising external risks, the National Development Council (NDC) said yesterday.The gauge printed 29 last m
Most German companies in Taiwan met their business targets in the first half of the year and remain confident of achieving their full-year goals, although US tariffs remain a key challenge, a German Trade Office (GTO) survey released yesterday showed.The mid-year update of the German business confid
IT SOLUTIONS: Asia was the only region that posted year-on-year growth so far this year, and the company is positive about the second half, with demand rebounding
Aten International Co Ltd (宏正自動科技), a provider of information technology (IT) infrastructure solutions such as videoconferencing services, yesterday said it is eyeing potential large-scale Kernel-based virtual machine (KVM) switch orders from Asian clients to help the company navigate macroeconomic
Central bank Governor Yang Chin-long (楊金龍) received an "A-" grade from New York-based Global Finance magazine, up from "B+" last year.Based on this year’s Central Banker Report Cards published on Wednesday, the magazine returned Yang to an "A" grade based on the bank’s policies and decisions this ye
Buildings are pictured in Taipei’s Xinyi District yesterday. Total housing transactions in Taiwan in the first seven months of this year plunged 26.8 percent year-on-year to 154,077 units, the lowest level for the same period since 2018, real-estate brokerages said yesterday, citing Ministry of the
OUTLOOK: Among the six sub-indices, only the stock market confidence sub-index rose due to strong equity performance and expectations of a US Federal Reserve rate cut
Consumer confidence weakened further this month, sliding to its lowest level in two-and-a-half years as households grew increasingly uneasy about the economic outlook, job security and big-ticket spending, a survey by the National Central University showed yesterday. The consumer confidence index fe
Hotai Motor Co (和泰汽車), which distributes Toyota and Lexus vehicles in Taiwan, yesterday kept its sales target unchanged for this year, but withdrew the full-year forecast for Taiwan’s new car sales amid US tariff uncertainty. The company said it was less affected by the tariff issue as its new vehic
Taiwanese shares closed at a new high yesterday, with artificial intelligence (AI)-related stocks in focus as investors bet that US-based AI chip designer Nvidia Corp would provide positive leads in its upcoming investor conference. The TAIEX ended up 214.80 points, or 0.88 percent, at 24,519.90, an
EXPANSION TARGETS: In addition to the growth in US and Mexico operations, Wistron is looking at stable deployment in Europe, Simon Lin said
Contract electronics maker Wistron Corp (緯創) yesterday said its global expansion plans are unchanged, despite uncertainty over Taiwan and the US’ tariff negotiations. The company’s short-term production plan in North America remains after expanding plant capacity in Dallas and El Paso, Texas, as wel
Steep US tariffs on a range of Indian products took effect yesterday, threatening a steep blow to India’s overseas trade in its largest export market. US President Donald Trump had initially announced a 25 percent tariff on Indian goods, but earlier this month he signed an executive order imposing a
A US stake in chipmaker Nvidia Corp is “not on the table,” US Secretary of the Treasury Scott Bessent said yesterday.“I don’t think Nvidia needs financial support, so that seems not on the table right now,” Bessent said in an interview on Fox Business’ “Mornings with Maria” program.Bessent raised th
Boats sit docked at Dadaocheng Wharf in Taipei’s Datong District yesterday. The Taipei City Government yesterday announced a program to improve the waterfront environment across the Tamsui River, covering regional planning and construction projects that are to begin next year and be completed in 202
FORECAST: The Ministry of Economic Affairs said it is cautious about the growth of manufacturing production for this year, as the base last year was relatively high
The nation’s industrial production index rose 18.11 percent year-on-year to 113.53 last month, driven by strong demand for artificial intelligence (AI) and semiconductor-related applications, the Ministry of Economic Affairs said yesterday. The manufacturing production index, which comprises 94.63 p
SinoPac Financial Holdings Co (永豐金控) is weighing whether to add a life insurance business to its portfolio, but would tread cautiously after completing three acquisitions in quick succession, president Stanley Chu (朱士廷) said yesterday. “We are carefully considering whether life insurance should play
Fitch Ratings yesterday forecast that Taiwan’s economy would expand 3.4 percent this year before slowing to 2.7 percent next year, citing downside risks from external factors.The credit rating agency said growth could be curbed by a sharp slowdown among Taiwan’s key trading partners, softer global d
Local flat-panel makers AUO Corp (友達) and Innolux Corp (群創) are expected to eke out modest profits in the second half of this year, benefiting from production cuts by Chinese peers to tame overcapacity and bolster panel prices, market researcher Omdia said yesterday. Chinese flat-panel makers launch
OUTLOOK: Excluding sales of motor vehicles and parts, retail sales last month would be 0.8 percent higher than a year earlier, the Ministry of Economic Affairs said
Sales in the retail sector last month fell 3.6 percent year-on-year to NT$388.4 billion (US$12.71 billion), government data showed yesterday, as economic uncertainty and a boom in overseas travel battered domestic consumption. Last month’s decrease was the fourth consecutive month of annual decline,
PC and motherboard maker Micro-Star International Co (MSI, 微星科技) yesterday said it expected to sell its electric vehicle (EV) charging piles in at least 10 countries by the end of this year and 20 countries next year. The company is partnering with Taiwanese automakers to sell cobranded charging pil
RSS