-
Palau president emphasizes strong ties with Taiwan
Palau President Surangel Whipps Jr. reaffirms strong ties with Taiwan, invites President Lai to his inauguration, and addresses China’s tourism pressure.
2024/11/14 10:53
-
Taiwan trade group calls for interest rate cuts
Discover how Taiwan’s trade group urges for interest rate cuts to boost domestic investment and attract foreign businesses, opposing further electricity rate hikes amid wage and carbon fee increases.
2024/09/19 16:11
-
Taiwan premier pledges over NT$10 billion to boost SMEs
Discover how Taiwan’s government plans to revitalize SMEs and foster economic diversification, allocating over NT$10 billion to support innovation and attract investments.
2024/08/27 12:11
-
Survey: 62% of Gen Z allocate 20% of income to investments
Discover how 62% of Gen Z in Taiwan are defying stereotypes by investing an average of NT$7,113 monthly, focusing on ETFs, stocks, and more for diverse financial goals.
2024/08/21 11:15
-
Taiwan seeks quicker U.S. tax agreement to boost investments
Explore the push for a U.S.-Taiwan Avoidance of Double Taxation Agreement at the SelectUSA Investment Summit, aiming to boost economic ties and lower investment costs.
2024/06/24 09:54
-
Taiwan seeks closer economic ties with Europe: President Lai
Taiwan President Lai Ching-te underscores commitment to EU cooperation, highlights record trade volumes, and seeks economic partnership at Europe Day dinner in Taipei.
2024/06/14 13:57
-
Taiwan confirms ongoing NVIDIA projects, no new plans
Ch’en Shih-k’ai: No new NVIDIA plans, ongoing work continues. NVIDIA CEO: Plans to increase Taiwan investment revealed. Ch’en: Backs foreign investment, respects business freedom. Ongoing NVIDIA partnership highlights Taiwan’s tech importance.
2024/06/06 16:10
-
Google expands in Taiwan with new R&D building
Google opens its second hardware R&D building in Banqiao, New Taipei City, establishing Taiwan as its largest hardware research base outside the U.S. The facility features over 50 labs and aims to foster hardware and AI innovations with global tech talent. The event was attended by prominent Taiwanese and American officials, highlighting Taiwan’s growing tech industry and Google’s commitment to investing in the region despite geopolitical concerns.
2024/04/26 13:15
-
Taiwan’s economic surge amid digital revolution
Explore Taiwan’s optimistic economic future through the eyes of NDC Minister Kung Ming-hsin, highlighting the nation’s digital transformation, resilience against natural disasters, and robust foreign investment growth amidst geopolitical challenges.
2024/04/24 18:03
-
Taiwan’s economy glows green for stability in February: NDC
Taiwan’s NDC reports economic stability with a green light status for February, driven by production and export improvements linked to AI themes. Officials anticipate continued growth in March, citing positive trends in manufacturing, consumer confidence, and foreign trade. Investment in emerging technologies and R&D, along with steady public investment, are expected to sustain momentum.
2024/03/28 17:54
-
MOEA counters Jaw’s remarks amidst Taiwan’s investment surge
KMT vice-presidential candidate Jaw Shaw-kong claimed that he invited Taylor Swift to perform in Taiwan in 2023, but she declined due to concerns over the island’s geopolitical risks. Jaw warned that without a peaceful environment, investors would be discouraged from investing in Taiwan, potentially hindering the modernization and progress of businesses. He criticized the DPP for escalating tensions across the Taiwan Strait and believed that the U.S.’s harsh rhetoric and threats could deter potential investors. However, Taiwan’s Ministry of Economic Affairs disputed these claims, stating that foreign investment in Taiwan reached US$10.7 billion by November 2023, the second-highest rate in 15 years. The MOEA emphasized that "war risk" did not deter foreign capital, citing major semiconductor companies and AI companies that have recently invested significantly in Taiwan. With the general elections approaching, the MOEA urged Jaw not to damage Taiwan’s reputation for political gain.
2024/01/02 12:32
-
Taiwan shifts investment focus from China to U.S., Germany
Taiwan’s investment in China has reached its lowest point in a decade, making up just over 10% of the island’s total overseas direct investment, according to a report by Nikkei Asia. Recent official data from Taiwan reveals that foreign direct investments surged by 87% to reach $257 billion through November this year. However, investments in China plummeted by 34% to only $29 billion, representing a mere 12% of the total. Since 2010, Taiwanese investments in China have been steadily declining and are projected to drop below the lowest point recorded since 1999. In contrast, investments in the United States have increased ninefold to $96 billion, accounting for around 37% of the total outbound direct investment. Additionally, Taiwan’s direct investment in Germany has soared 25-fold to $39 billion, largely driven by the operations of Taiwan Semiconductor Manufacturing Company. Sun Ming-te, Director of the Business Development and Research Center at the Taiwan Institute of Economic Research (TIER), predicts that if tensions between the United States and China persist, Taiwan’s investment in China will continue to decline.
2023/12/30 20:15
-
Taiwan’s new southbound investment tops China’s in 2023
Taiwan’s investments in New Southbound countries in the first 11 months of 2023 have surpassed investments in Mainland China, according to the Ministry of Economic Affairs (MOEA). Investments in the New Southbound countries reached US$5.13 billion, a 7.26% year-on-year increase, outstripping investments in Mainland China, which stood at US$2.96 billion. This trend is driven by the supply chain diversification, accelerated by the U.S.-China trade war and major manufacturers’ strategies to decentralize operations. Investments in New Southbound countries now account for around 20% of Taiwan’s total overseas investments, whereas China accounts for approximately 11.5%. From January to November 2023, there were 2,102 approved cases of overseas-focused investments by Taiwanese and foreign entities, a decrease of 8.89% compared to last year. The amount invested reached about US$10.8 billion (approximately NT$323.7 billion), the second-highest for the period in the last 15 years but still representing a 13.04% decline from the previous year. Investments from New Southbound countries into Taiwan saw 609 approved cases within the same timeframe, an annual increase of 41.30%. The investment totaled approximately US$2.5 billion (about NT$75.7 billion), up 25.20% from the previous year, with the most significant inflows originating from Singapore, Thailand, and Malaysia. On a broader scale, the 504 approved cases of outbound investments from Taiwan marked a 2.44% annual increase, surging by 145.61% financially to roughly US$22.8 billion (approximately NT$684.4 billion). Investments in New Southbound countries revealed 195 approved cases, rising by 35.42% year-on-year, totaling around US$5.1 billion (approximately NT$ 154.1 billion) and constituting 20% of Taiwan’s total foreign investments. Singapore, Vietnam, and Thailand were the leading recipients. Conversely, approved investments in Mainland China amounted to 305 cases, down by 7.58%, with the approved investment sum decreasing by 33.91% to approximately US$2.96 billion (about NT$88.9 billion). Mainland Chinese investments in Taiwan experienced a 45.45% decline in approved cases to 24, with the investment figure falling 21.65% to about US$27.4 million (approximately NT$821.6 million).
2023/12/20 20:45
-
Foreign investment in Taiwan hits 15-year high despite drop
The number of approved overseas Chinese and foreign investments in Taiwan decreased by 8.89% to 2,102 cases in the first 11 months of 2023 compared to the same period last year. However, the investment amount from these sources reached US$10.79 billion (NT$323.7 billion), the second-highest in the past 15 years, with significant contributions from the offshore wind power sector. French company TotalEnergies Renewables SAS and British firm OSW Investments Taiwan JVCO 2 Limited increased their capital in Haiding Two International Investment Co., Ltd. by NT$5.03 billion. New companies established during this period amounted to 1,124 cases, with an investment value of US$680 million (NT$20.37 billion). Investments from Southeast Asian countries increased notably, with 609 cases, a 41.3% year-on-year increase, and a monetary surge of 25.2% to US$2.52 billion (NT$75.68 billion), mainly from Singapore, Thailand, and Malaysia. However, Chinese investments in Taiwan declined, with only 24 approved cases, a 45.45% decrease from the previous year, and investment figures dropping by 21.65% to US$27.38 million (NT$820 million). On the other hand, overseas investments from Taiwan increased, with a moderate rise in approved cases by 2.44% to 504 and a substantial annual increase of 145.61% in investment total to US$22.81 billion (NT$684.42 billion). Key overseas investments included TSMC’s US$8 billion capital injection into its Arizona subsidiary and a €3.5 billion investment in Germany’s ESMC GmbH. Foxconn Technology Group also made a significant investment of US$8 billion in its Singapore subsidiary, and Yang Ming Marine Transport Corp. invested a similar amount in Singapore-based Yang Ming (Singapore) Pte. Ltd.
2023/12/20 17:20
-
TSMC, AZBTC resolve dispute with training, safety deal
Taiwan Semiconductor Manufacturing Co. (TSMC) and the Arizona Building and Construction Trades Council (AZBTC) have reached an agreement to resolve a labor dispute at TSMC’s Phoenix semiconductor manufacturing facility. The collaboration includes employee training programs and a commitment to transparency on workplace safety issues. This agreement is seen as a critical step for TSMC, which is expected to benefit from the US$100 billion in subsidies provided by the U.S. Chips Act. TSMC has agreed to prioritize local hiring but can employ foreign workers with "specialist experience" if needed. TSMC’s investment in Arizona amounts to US$40 billion, with construction starting in 2021. Mass production is now scheduled to begin in the first half of 2025. This resolution not only facilitates smoother progress in the construction of TSMC’s plant but also highlights the company’s role in increasing semiconductor production capabilities in the United States.
2023/12/07 18:06
-
TSMC Arizona, AZBTC unite to bolster chip plant labor
Taiwan Semiconductor Manufacturing Co (TSMC) and the Arizona Building and Construction Trades Council (AZBTC) have reached a collaboration agreement to resolve labor disputes and enhance the development of TSMC’s semiconductor manufacturing facility in Phoenix. The deal includes increased workforce training, improved safety transparency, and the formation of a quarterly committee to ensure implementation. TSMC has committed a US$40 billion investment in its Arizona production site and aims to hire locally while also employing foreign workers with specialized experience. The agreement has been hailed as a victory for Arizona workers and the construction timeline of TSMC Arizona. To address the labor shortage, TSMC has invested US$15 million in the Arizona Pipe Trades to expand apprenticeship training and establish a semiconductor manufacturing school.
2023/12/07 17:47
-
FSC head touts domestic impact on Taiwan stock market
The Financial Supervisory Commission (FSC) Chairman, Huang Tien-mu, addressed questions from Kuomintang Legislator Lin Te-fu about Taiwan’s stock market. Huang emphasized the significant role of domestic funds and corporations in driving market momentum, despite the heavy presence of foreign capital. While foreign capital makes up around 40% of the market value, it accounts for only 30% of regular stock volume. Huang stated that this indicates the considerable impact of internal funds and corporations on the market. Huang also highlighted a record inflow of foreign investment in November 2022, with overseas investors injecting over NTD $350 billion into the Taiwanese market. He attributed this surge in foreign investment to cooling inflation rates in the United States and a retreat from the highs of U.S. national debt yields. Huang argued that confidence in Taiwan’s robust economic fundamentals and attractive yield rates has led to increased foreign investment trust in Taiwan’s stocks. He further emphasized that the sustained influx of ’hot money’ into Taiwan indicates substantial interest from both foreign and local investors. This interaction underscores the FSC’s recognition of diverse investment sources in strengthening the Taiwanese stock market and suggests a cautiously optimistic outlook for continued investment in the island’s economic landscape.
2023/12/06 20:26
-
Taiwan’s FDI investment in ASEAN countries hits new high
Taiwan’s foreign investment landscape has undergone a significant shift, with investments in Southeast Asia surpassing those in mainland China for the first time in 30 years. From January to October this year, Taiwan invested US$4.96 billion in Southeast Asia compared to US$2.63 billion in China. The total number of approved foreign investments during the same period decreased by 8.18%, totaling 1,864 investments. The total investment amount was US$8.39 billion, marking a 27.35% decrease compared to the previous year. Jiangsu Province emerged as the main beneficiary of Taiwan’s investments in mainland China this year. The changes in Taiwanese investment behavior can be attributed to shifts in global supply chains caused by the COVID-19 pandemic and the China-U.S. trade war. Notably, Taiwan Semiconductor Manufacturing Company (TSMC), Foxconn, and Yang Ming Marine Transport Corporation played a significant role in foreign investment, with TSMC investing US$8 billion in U.S. companies and €3.5 billion in German firms, while Foxconn and Yang Ming Marine each injected US$800 million into Singaporean businesses. This year marks the first time in three decades that investment in Southeast Asia has exceeded that in mainland China.
2023/11/20 19:22
-
Vice President Lai praises soaring Taiwan-EU trade
Vice President Lai Ching-te envisions Taiwan as a global haven for democracy, justice, innovation, and sustainability, as he addresses the European Chamber of Commerce. He emphasizes the need to strengthen trade and investment relations with the European Union through a Free Trade Agreement or Bilateral Investment Treaty. Taiwan-EU trade has flourished, with Europe being the largest source of foreign investment. Lai highlights the importance of maintaining a stable Strait and opposes any attempt to change the status quo by force. He also commits to Taiwan’s national vision of achieving net-zero transitions by diversifying green energy sources and implementing high-tech solutions for energy conservation.
2023/11/08 20:03