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Why Gogoro’s executive exodus is raising market concerns
Gogoro, Taiwan’s electric scooter leader, faces allegations of using Chinese-made components, leading to NT$600 million in misallocated subsidies. The company’s stock has dropped 90%, and executives are departing amidst the scandal.
2024/11/07 16:29
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Survey shows 62.5% of Taiwanese workers own pets
A job bank survey in Taiwan shows a preference for pets over children, driven by anti-marriage views and low birth rates. Pet ownership trends and spending habits are explored.
2024/10/18 12:03
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TSMC stock hits record high, market value reaches NT$28.5T
TSMC hits a record stock price of NT$1,100, driven by strong Q3 results and optimistic forecasts. The company sees AI demand fueling growth through 2025.
2024/10/18 09:29
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NVIDIA CEO Jensen Huang’s net worth jumps US$12B in a day
Discover how NVIDIA CEO Jensen Huang’s net worth soared by nearly $12 billion in a day, setting a record after NVIDIA’s market value jumped by $329 billion. Learn more about the stock’s volatility and the impact of AI demand on the tech industry.
2024/08/01 13:01
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TSMC market value exceeds NT$22T, shares surge
Discover how Taiwan Semiconductor Manufacturing Company (TSMC) achieved a record stock price of NT$854, pushing its market value over NT$22.14 trillion. Learn about the factors driving TSMC’s success and its impact on the global semiconductor industry.
2024/05/16 11:00
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Mother’s Day demand pushes carnation prices to record high
Explore the bustling domestic carnation trade in Taipei as Mother’s Day nears, with prices hitting historic highs due to weather-induced yield decreases. Discover the colorful variety of domestic carnations and the significant recovery in flower industry exports, surpassing pre-pandemic levels. Learn about the boost in domestic flower consumption through innovative promotions and collaborations, aiming to reduce unsold rates.
2024/05/07 14:45
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TSMC stocks hit record high, market value surpasses NT$20T
Taiwan Semiconductor Manufacturing Company (TSMC) stock price hits record high, pushing market value beyond NT$20 trillion. TSMC’s surge driven by factors like NVIDIA shares increase and Fed Chair Powell’s optimistic outlook. Taiwan Stock Exchange (TWSE) also reaches record high of 20,065.5 points.
2024/03/08 10:18
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Taiwan dominates Vietnamese oyster market with 77% share
Vietnam’s oyster exports experienced a substantial increase of 56% in 2023, surpassing US$14 million in value. Taiwan played a significant role in this growth, accounting for over 77% of Vietnamese oyster exports, marking a 26% increase compared to the previous year. The Vietnam Association of Seafood Exporters and Producers (VASEP) reported that the export value of Vietnamese shellfish products, including oysters, clams, and snails, reached US$127 million in 2023, showing a decline of 12% compared to the previous year. Among the shellfish exports, clams accounted for 62%, snails for 12%, and oysters for 11% of the total. While the export of Vietnamese clams and snails experienced decreases, oyster exports saw a remarkable surge, with Taiwan alone contributing to more than three-quarters of this growth, amounting to almost US$11 million. Other significant markets for Vietnamese oysters include Laos, Cambodia, and Japan. Clams remain Vietnam’s most crucial shellfish export, with an export value of nearly US$79 million in 2023, showing a 17% decrease from the previous year. This decline can be attributed to a significant reduction in imports by key markets such as Spain and Italy, which decreased by 15% and 36% respectively.
2024/02/05 12:47
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TSMC plans second Japan plant: A tech giant’s expansion
Taiwan Semiconductor Manufacturing Company (TSMC) is considering constructing a second facility in Japan’s Kumamoto Prefecture, with an announcement expected in February. The new facility is projected to attract an investment of around two trillion Yen, roughly NT$421.6 billion. TSMC’s first plant in Kumamoto is nearing completion, indicating a significant expansion of the Taiwanese company’s operations in Japan. Industry analysts speculate that this development, along with the completion of TSMC’s first plant, could attract more semiconductor-related industries, including those from Taiwan, to Kumamoto. The new plant is expected to produce semiconductor products ranging from 7 to 16 nanometers. TSMC currently holds the tenth position in the list of 2023’s top global companies by market value, with a valuation of $53.498 billion, or about NT$1.67 trillion, according to UK-based financial services provider City Index.
2024/01/29 11:38
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Taiwan’s stock market climbs despite TSMC share dip
Taiwan’s stock market rose to 17,595.01 on Friday morning, despite Taiwan Semiconductor Manufacturing Company (TSMC) shares falling to NT$578. This contrasts with major U.S. stock indices, as the Dow Jones rose by 10.15 points while the Nasdaq fell by 81.91 points. TSMC’s American Depositary Receipt (ADR) price also dropped below US$100 to US$99.13, causing a decline of around 1.04%. This decrease in TSMC’s value affected the main index by approximately 16 points, and its market capitalization dipped below NT$15 trillion. Meanwhile, Asus Chairman Jonney Shih announced the company’s intensified efforts in artificial intelligence (A.I.) development, resulting in Asus shares rising by 6 points to open at NT$460.
2024/01/05 18:32
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Kaohsiung mayor Chen urges economic independence from China
Kaohsiung Mayor Chen Chi-mai declares that Taiwan should not rely on China’s market, as it hampers Taiwan’s economy. He expresses regret that the Taiwan Semiconductor Manufacturing Company (TSMC) did not establish a factory in Taoyuan and that the Asia Silicon Valley Innovation and Development Center in Taoyuan has been halted. Chen highlights that TSMC’s 2-nanometer site in Kaohsiung is already operational. He points out that Kaohsiung’s 5G internet innovation park, modeled after Taoyuan’s success, is thriving, while Taoyuan’s center has been halted. Chen emphasizes Taiwan’s dominance in the global semiconductor industry, with TSMC controlling 92 percent of advanced manufacturing processes and 62 percent of global production value, and advocates for the development of Asia Silicon Valley as the correct path.
2023/12/30 20:54
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DPP’s Hsiao promises review amidst KMT’s corruption claims
Vice Presidential candidate Hsiao Bi-khim of the Democratic Progressive Party (DPP) vows to review and reflect on corruption allegations within the DPP government. This comes after her opponent, Kuomintang’s (KMT) Jaw Shaw-kong, accused the DPP of corruption during a policy presentation. Jaw raised concerns about the DPP obstructing Terry Gou’s acquisition of Pfizer-BioNTech vaccines and questioned the increase in the market value of Medigen Vaccine Biologics Corp. He advocated for the reinstatement of the Special Investigation Division to tackle corruption. Hsiao acknowledges mistakes within the party and emphasizes the need for self-review. She highlights the DPP’s commitment to reform and progressive policies, citing examples of marriage equality and energy transformation. Hsiao compares the government to a team in an international competition, emphasizing the importance of guidance and support for a unified nation.
2023/12/23 09:55
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Tsai meets World Baker of Year, praises Taiwan’s creativity
President Tsai Ing-wen met with Justin Wu, the 2023 World Baker of the Year, to recognize his contribution in promoting Taiwan’s baking industry globally. The government is actively supporting the industry’s growth and international engagement. Wu, who won the group competition at the Coupe du Monde de la Boulangerie last year, was honored with the World Baker of the Year title by the Unibread Bread Baking Championships this year. He has showcased his creativity by creating an art bread piece inspired by the Seediq tribe and coaching the Taiwanese team to victory at the UIBC Junior World Championship. President Tsai highlighted the value of Taiwan’s baking industry, which exceeds NT$100 billion, and praised the diverse and exquisite styles of Taiwanese bakers at global competitions. She also expressed gratitude to the Taipei Bakery Association for their efforts in passing down experience and hosting international contests in Taiwan. President Tsai expects the bakery sector to continue delivering high quality and innovative products as it expands its market and introduces Taiwan’s delicious baked goods to the world.
2023/12/19 16:46
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Taiwan job market values certifications more in 2023
Taiwanese job market trends are shifting, with professional certifications carrying more weight than before, according to a report by 104 Human Resource Consulting Services Company. The study found that the number of job openings requiring certifications in 2023 had increased by 8.1% compared to the previous year. Prospective employees with certifications received 35% more interview invitations than those without. English, Japanese, Vietnamese, Korean, and Thai are the most sought-after languages by employers, with the rise of the Korean Wave contributing to a significant increase in demand for Korean translation. Similarly, Thai language proficiency has witnessed an 11.9% increase due to businesses expanding into Southeast Asia. The sectors most in need of language capabilities are media, research and development, and senior management. Young professionals under 39 focus on acquiring career-boosting professional and language skills, while those over 40 diversify their learning to prepare for their career’s "second curve." Despite the availability of free online resources, working professionals prefer paid learning, with 30.8% setting a learning budget within NT$5,000. When it comes to investing in certifications, 37.5% are willing to spend over N$$20,000, reflecting the value placed on formal qualifications in today’s competitive job market.
2023/12/12 18:57
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Taiwan’s instant noodle sales boil over NT$14 billion mark
Taiwan’s instant noodle industry has achieved impressive sales, reaching an annual output value of NT$14 billion. This year alone, consumers in Taiwan have consumed around 900 million packets of instant noodles. Market research conducted by noodle manufacturers reveals that beef and seafood flavors are the preferred choices among Taiwanese consumers. In order to stay competitive, noodle companies continuously innovate their marketing tactics, introducing new flavors, prize draws, and strategic partnerships. The iconic "Hong Shao Beef Noodle Soup" and "Spicy Seafood Noodle Soup" from a well-established Taiwanese instant noodle brand have experienced a significant increase in sales, surpassing the million-packet mark. This success can be attributed to a collaboration with a popular food television series. To celebrate this achievement, the brand has joined forces with a lifestyle app to launch a lottery with a guaranteed 100% winning rate, providing customers with an additional incentive to enjoy the comforting warmth of a bowl of instant noodles.
2023/12/09 13:58
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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
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Tourism Administration to launch travel program for seniors
The Tourism Administration plans to launch a new travel program called "Golden Years" (凰金遊程Golden Years) next year, targeting senior travelers in response to Taiwan’s aging population. With an estimated senior travel demographic of 4 million individuals, Taiwan sees a potential tourist value of up to NT$120 billion. Deputy Director-General Lin Hsin-Jen expects a 10% to 20% growth in output value, reaching NT$120 billion, with domestic tours for the elderly market accounting for approximately NT$40 billion and international travelers adding NT$60 billion. Travel agencies and hotels are now focusing on marketing efforts and introducing 11 Golden Years itineraries to cater to this demographic’s preferences. Discounts and leisurely itineraries are being offered to accommodate the spending power of senior travelers.
2023/11/22 19:47
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Lai urges China to value Taiwan firms’ contributions
DPP presidential candidate Lai Ching-te has called on Mainland China to appreciate the contributions of Taiwanese business people to its economy. This appeal comes as Foxconn Group, a major Taiwanese tech firm, faces investigations by China’s tax and natural resources departments. Lai emphasized that Taiwanese business people are an important asset to China, fostering economic growth and creating opportunities. He urged China not to pressure Taiwanese business people during the upcoming election, warning that it would harm both sides and undermine confidence in the Chinese market. Lai also called on China to respect Taiwan’s democratic constitution and lifestyle and to accept that the civil war between the Kuomintang and the Communists is over. He encouraged China to engage in equitable and dignified dialogue exchange.
2023/10/24 13:40
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Experts give insights on how Taiwan’s car market changed
Taiwan’s car market continues to thrive, with the value of imported cars reaching a record high of NT$85 billion from January to April this year, a 54% increase compared to the previous year, according to the Ministry of Finance.
2023/06/19 15:53