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    Wang Mei-hua 結果共28筆

  • Wang Mei-hua endorses successor ahead of cabinet change

    Outgoing Economic Affairs Minister Wang Mei-hua praises successor J.W. Kuo for his international perspective as he prepares to take over the ministerial role, emphasizing his commitment to public service. The transition comes as President-elect Lai Ching-te prepares to take office, drawing public attention to the new cabinet selection.
    2024/04/19 14:04
  • Taiwan minister apologizes for Taoyuan blackout

    Minister Wang Mei-hua apologizes for a significant power outage in Taoyuan City, explaining it was due to a cable fault and earthquake damage, with repairs aimed for completion by the summer peak.
    2024/04/17 15:32
  • Officials face public dissatisfaction, survey shows

    The latest poll by My-formosa.com reveals high dissatisfaction rates towards Minister of Economic Affairs Wang Mei-hua, Minister of Digital Affairs Audrey Tang, and NCC Chairman Chen Yaw-shyang. Criticism is directed at the Tsai administration’s handling of inflation, fraud prevention, and green energy policies. Conducted through telephone interviews across Taiwan, the survey highlights public discontent with specific government departments and policies.
    2024/03/29 12:15
  • Taiwan, France hold talks to elevate economic ties

    The inaugural Taiwan-France High-Level Economic and Trade Dialogue, led by Taiwan’s Minister of Economic Affairs, Wang Mei-hua, discussed cooperation in semiconductors, AI, and electric vehicles. French officials agreed to integrate industrial and economic cooperation meetings, with a focus on supply chain opportunities in renewable energy and the space industry. Bilateral trade between Taiwan and France reached a record high of $60.9 billion last year, with significant investments from both sides.
    2024/03/27 14:34
  • Taiwan seeks to boost LNG storage amid rising tensions

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, emphasizes the need to boost the nation’s natural gas storage capacity amid escalating cross-strait tensions. The call for expansion includes plans for a fourth liquefied natural gas (LNG) terminal and extensions in Taichung and Kaohsiung. Wang’s announcement follows an incident at the Legislative Yuan involving questions about Taiwan’s gas reserves, sparking discussions about national security and military readiness.
    2024/03/15 17:30
  • Taiwan holds steady on water prices amid economic debate

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, addresses concerns over potential water and electricity price hikes. Wang assures no immediate plans for water price increases and remains cautious on addressing the issue. Legislators advocate against compounding effects of electricity rate hikes and warn of potential inflation spikes. Discussions continue on balancing household electricity costs and industry consumption subsidies.
    2024/03/13 19:11
  • Taiwan mulls subsidies to offset electricity price hike

    Taiwan’s Minister of Economic Affairs Wang Mei-hua discusses ongoing discussions of the Electricity Pricing Working Group and potential budgetary subsidies amid pressure for an electricity price increase in April. The government seeks to balance the needs of citizens and enterprises as it navigates potential adjustments to electricity prices. Stay tuned for further updates on the final subsidy and price adjustment plan.
    2024/03/13 16:03
  • Economic minister confirms electricity rate adjustments

    Minister of Economic Affairs Wang Mei-hua discusses electricity rate adjustments in Taiwan, emphasizing the impact on household usage below 330 kilowatt hours. Kuomintang Legislator Yang Chiung-ying opposes price hikes, proposing solutions to address citizen hardships amid inflation. Wang highlights considerations for nuclear power and renewable energy costs, amidst concerns over safety regulations and nuclear waste. Yang challenges Taipower’s deficits and criticizes passing on costs to residents through price increases.
    2024/03/07 17:23
  • Taiwan’s MOEA to monitor electricity price changes

    Stay updated on Taiwan’s economic landscape with the latest news from Minister of Economic Affairs Wang Mei-hua. Discover insights on electricity price fluctuations and their impact on domestic issues, as well as the government’s strategies to address losses incurred by Taiwan Power Company. Explore the projections for economic growth and inflation rates amidst industry recovery and upcoming events.
    2024/03/01 15:56
  • Taipower at risk of financial crisis without government aid

    Taiwan Power Co. (Taipower) faces a potential financial crisis by year-end without government aid or electricity price hikes, warned Minister of Economic Affairs Wang Mei-hua. An upcoming electricity price review may see rates for ultra-high-voltage users surge by over 10%. Wang emphasizes the need for discussion in the committee meeting and assures efforts to minimize impacts on the public. Taipower’s efficient management has helped curb price spikes and inflation, with plans in place for financial support and program development. Current electricity costs for major consumers stand at around NT$1.63, while Taipower’s generation cost, pre-tax, is NT$3.93, expected to surpass NT$4 post-tax.
    2024/02/20 13:10
  • Taiwan’s MOEA to aid Taipower’s budget crisis

    The Minister of Economic Affairs, Wang Mei-hua, plans to help Taiwan Power Company (Taipower) seek budgetary support from the Executive Yuan to alleviate its financial distress. Taipower reached out to the Ministry of Economic Affairs (MOEA) for assistance, citing escalating international fuel prices caused by the Russia-Ukraine war. Other global power companies, such as Korea Electric Power Corporation (KEPCO), Tokyo Electric Power Company (TEPCO), and Électricité de France (EDF), have already experienced significant price hikes. Taipower’s rates are relatively low compared to the cost of power generation, resulting in policy-driven losses. As of 2023, Taipower has accumulated losses of NT$382.6 billion due to absorbing price increases to protect Taiwan from global inflation. The MOEA disclosed that Taipower and the CPC Corporation have discrepancies in predicting natural gas prices, leading Taipower to observe international coal prices for cost estimates in 2024. While mitigating Taipower’s financial woes in the short term poses challenges, Wang aims to prevent further losses. The MOEA will assist Taipower in lobbying the government for budget support once financial situation estimates are finalized. The decision to adjust electricity prices will be made by the Electricity Price Review Committee.
    2024/01/23 13:09
  • MOEA head to discuss TSMC Kumamoto fab launch date

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has confirmed that discussions will soon take place with Taiwan Semiconductor Manufacturing Company (TSMC) regarding the inauguration date for its Kumamoto fab. The progress of TSMC’s Kumamoto fab is said to be outpacing other global expansion efforts. Wang expressed gratitude for the support provided by Japan’s central and local government authorities in establishing the plant. Equipment installation is already underway at TSMC’s Kumamoto site, with trial production set to begin in April 2024. The opening ceremony may be scheduled as early as February 24. Wang emphasized the importance of reinforcing cooperation between Taiwan and Japan, particularly in the semiconductor supply chain, and encouraged mutual investment to foster closer bilateral relations.
    2023/12/11 21:35
  • Taiwan eyes lead in global ICT, semiconductor markets

    Taiwan aims to leverage its information and communication technology (ICT) and semiconductor industries to gain a competitive advantage in international markets. The Ministry of Economic Affairs Minister, Wang Mei-hua, witnessed the signing of a memorandum of understanding between the Taiwan Association of Information and Communication Standards (TAICS) and the 5G Alliance for Connected Industries and Automation (5G-ACIA), signaling a new era of cooperation. With the global smart manufacturing market projected to reach US$140 billion by 2030, Wang believes Taiwan is well-positioned to integrate 5G into smart factories due to its existing experience and infrastructure. Taiwan aims to align its 5G application standards with global benchmarks and contribute its knowledge to international organizations. The Ministry of Economic Affairs is supporting the Industrial Technology Research Institute (ITRI) in developing new technologies and collaborating with Taiwanese companies to establish a voice within the global 5G community through 5G-ACIA. This strategic partnership is expected to position Taiwan as a leader in next-generation industrial technology and solidify its role in the information and communication technology sector on the global stage.
    2023/12/06 20:44
  • Wang Mei-hua confirms talks with TSMC on German subsidies

    Taiwan Semiconductor Manufacturing Company (TSMC) may face obstacles in establishing a factory in Germany due to a shift in German subsidies. Minister of Economic Affairs Wang Mei-hua has confirmed that the German government is actively addressing the budget issues involved. The recent ruling by Germany’s Federal Constitutional Court, which deemed the diversion of pandemic funds for the "Climate and Transformation Fund" unconstitutional, has raised concerns about the fulfillment of financial promises to TSMC and other tech giants like Intel Corporation. If Germany decreases its subsidies, TSMC may need to renegotiate or even abandon its plans for the factory. The Taiwanese government is closely monitoring the situation and is prepared to provide support if necessary. This investment dispute has significant implications for the global supply chains and the semiconductor industry, as TSMC’s advanced semiconductors are in high demand worldwide.
    2023/12/06 18:51
  • Taiwan unveils key technologies list, boosts security

    The Minister of Economic Affairs, Wang Mei-hua, stated that the release of the list of key national technologies will not impact businesses as they have been consulted beforehand. The focus is on enhancing the protection of critical technologies. The National Science and Technology Council revealed a list of 22 core national key technologies across defense, agriculture, semiconductors, space, and cyber-security, including two semiconductor technologies. Personnel involved with key technologies receiving over 50% subsidies from the government must seek permission before traveling to China, as per the National Security Act and the Act Governing Relations between the People of the Taiwan Area and the Mainland Area. The two semiconductor technologies listed are IC fabrication technology for processes smaller than 14 nanometers and heterogeneous integration packaging technology. Wang emphasized the importance of protecting key technologies to prevent confidential business information leakage and enhance national security standards. The next steps involve reviewing and providing lists of personnel meeting certain subsidy thresholds and involved with sensitive technologies to relevant entities for management purposes.
    2023/12/06 14:59
  • Taiwan eyes future in nuclear tech, open to reactors

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has announced that Taiwan will closely monitor the development of new nuclear technologies, such as small modular reactors and fusion power, and remain open to their adoption. Premier Chen Chien-jen has highlighted that addressing the challenges surrounding nuclear waste from fusion technology could significantly increase societal support for the technology. This declaration comes as over 20 countries, including the United States and Japan, proposed at the 28th meeting of the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (COP28) to triple global nuclear power capacity by 2050. Additionally, nearly 120 countries committed to tripling renewable energy generation internationally within the next seven years. At COP28, 22 countries advocated for nuclear energy, focusing on small modular reactors and nuclear fusion technology, as well as securing international financial support for their development. These discussions at COP28 reflect a growing interest in diverse and innovative approaches to addressing climate change and powering the future.
    2023/12/06 14:56
  • MOEA embraces tech innovations amid strong ties with Japan

    The Minister of Economic Affairs praised the growing industry ties between Taiwan and Japan at the 2023 Japan-Taiwan Image Exhibition. Investments from Japanese companies such as Ebara, Fujifilm, and semiconductor factories are expected to contribute significantly to Taiwan’s economy, reaching a value of NTD$10 billion. Japan’s interest in Taiwan’s semiconductor industry, particularly TSMC’s projects in Kumamoto, suggests the potential for future collaboration. Minister Wang Mei-hua emphasized the importance of adopting low-carbon and smart technologies for a sustainable future, aligning with Japan’s smart city initiatives. She also highlighted the potential of hydrogen power, urging Taiwan to follow Japan’s lead in developing new technologies and exploring infrastructure partnerships.
    2023/11/13 12:10
  • Expo showcases Taiwan’s culture and tech prowess in Tokyo

    The 2023 Taiwan Expo Japan opens in Tokyo, highlighting Taiwanese culture, VR art from the National Palace Museum, and innovative green technologies. The expo, supported by key figures, strengthens Taiwan-Japan relations, celebrating shared values and mutual support.
    2023/11/09 17:41
  • Economics Minister disputes power shortage claims

    Taipei’s Economics Minister, Wang Mei-hua, announced that power shortages have significantly decreased in recent years, with no shortages reported in 2023. Wang dismissed former President Ma Ying-jeou’s claims of power shortages under the Democratic Progressive Party’s governance as inconsistent with the facts. Since President Tsai Ing-wen took office, improvements have been made to the power scheduling mechanism, enhancing power supply stability. In response to power cuts in May 2021, the Ministry of Economic Affairs (MOEA) plans to invest over NT$500 billion in improvements over the next decade. The MOEA aims to add 9.1 million kilowatts to the power supply by 2030, excluding renewable energy, to meet the projected increase in power demand of 7 million kilowatts over the next seven years.
    2023/11/07 17:57
  • MOEA head promises negotiation on tax cut for young workers

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has promised to address a tax cut for young workers in continued negotiation with the Ministry of Finance. Kuomintang (KMT) Legislator Yang Chiung-ying has highlighted concerns over low salaries in Taiwan, noting that the median wage is NT$42,000, the lowest among the Four Asian Tigers. To address this issue, Yang has suggested increasing the age for tax incentives for small and medium-sized enterprises (SMEs) hiring young employees from under 24 to under 30. This policy change, according to the legislator, could significantly help young people struggling with low wages. In response, Wang stated that the government would discuss the proposal with the Ministry of Finance and emphasized their efforts to reduce taxes to tackle the issue of low wages for young workers.
    2023/11/06 20:34
  • KMT legislator demands answers on effects of ending ECFA

    KMT legislator Fei Hung-tai demanded responses from Premier Chen Chien-jen and Minister of Economic Affairs Wang Mei-hua regarding the potential impact of terminating the Economic Cooperation Framework Agreement (ECFA) on Taiwan’s industries. Chen stated that the main industries affected would primarily be petrochemicals, textiles, machinery, and automobile parts.
    2023/11/01 11:24
  • Minister confirms Taiwan’s commitment to TSMC amid rumors

    Economic Affairs Minister Wang Mei-hua refutes rumors of the government selling its stake in TSMC, reaffirming strong support for Taiwanese companies and the nation’s commitment to TSMC’s continued success.
    2023/10/31 17:43
  • Economic minister debunks rumors of TSMC share sale

    The Minister of Economic Affairs, Wang Mei-hua, has refuted online rumors that the government plans to sell shares of Taiwan Semiconductor Manufacturing Co. (TSMC). In fact, the government has been increasing its stake in TSMC, with the National Development Fund of the Executive Yuan owning major shares. The National Development Council (NDC) has also clarified the situation. Minister Wang emphasized the importance of TSMC in Taiwan’s economic development and the government’s continuous support for the tech giant.
    2023/10/31 15:40
  • MOEA expresses concern about maintaining 2% GDP growth

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, expressed concerns about maintaining a 2% GDP growth rate this year despite signs of economic recovery. She cited external factors such as inflation, the Russia-Ukrainian war, and the Israeli-Palestinian conflict as global market influences. However, Wang emphasized that Taiwan’s innovation and efficiency are key advantages that can withstand external economic pressures. The National Development Council also reported a slight improvement in economic measures, indicating subtle growth amidst global adversity. Despite challenges, Taiwanese authorities and stakeholders remain cautiously optimistic and ready to leverage the nation’s inherent strengths.
    2023/10/30 14:38
  • MOEA head reveals TSMC’s relocation to park in Taichung

    Minister of Economic Affairs Wang Mei-hua confirmed on Thursday (Oct. 26) that an area at the Central Taiwan Science Park in Taichung (CTSP) has been reserved for the use of Taiwan Semiconductor Manufacturing Company (TSMC). ​​​​​​​She explained that TSMC will decide further details of the plans. Earlier in October, TSMC scraped third-phase plans to move into the Longtan Science Park in Taoyuan in a public statement following strong protests from residents. 
    2023/10/26 14:57
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