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  • Taitung eyes South Korean market to enhance tourism ties

    Taitung’s City Government officials visit Seoul to promote the region’s unique cultural and natural attractions, aiming to attract more Korean tourists and enhance Taiwan-Korea tourism cooperation.
    2024/04/04 20:00
  • TSMC leads semiconductor market with 61% share in Q4 2023

    The story discusses Taiwan Semiconductor Manufacturing Company (TSMC) dominating the global semiconductor foundry market with a 61% share in Q4 2023, according to Counterpoint. Samsung ranks second with a 14% share. The focus on AI applications drove the prominence of 4nm and 5nm process technologies. United Microelectronics Corporation (UMC) and GlobalFoundries tied for third with a 6% share each, while Semiconductor Manufacturing International Corporation (SMIC) held around 5% of the market.
    2024/03/28 16:49
  • Taiwanese airlines add more flights to Kyushu region

    Explore the economic ripple effects of TSMC’s new fab in Kumamoto, Japan, on local markets and Taiwan’s airline industry, with increased flights and market potential for business and tourism.
    2024/02/20 16:39
  • Japan Airlines resumes dedicated cargo flights to Taiwan

    Japan Airlines re-launches freighter cargo service to Taiwan after 14 years, marking a significant milestone in air transport between Japan and Taiwan. Witnessed by key personnel, the company’s strategic move aims to bolster cargo transport and enhance aircraft utilization in anticipation of long-term growth in the market.
    2024/02/20 14:19
  • Trump vows to reinstate tariffs on China if reelected

    Former U.S. President Donald Trump pledges to reapply tariffs on Chinese goods, potentially exceeding 60%, if he wins the November presidential election. He offers no clear answer on whether he would assist Taiwan in the event of a Chinese attack. Trump plans on imposing a 60% tariff on Chinese goods, a number that may increase. He is leading in the Republican primary and is expected to face incumbent President Joe Biden in November. Trump imposed tariffs amounting to US$250 billion on Chinese imported goods during his term, sparking a trade war. Biden retained Trump’s tariff policy and banned the export of advanced semiconductors and semiconductor production equipment. Trump disputes rumors of another trade war with China, stating that he has handled all matters related to China well. He also criticizes Taiwan for taking semiconductor jobs from the U.S. and suggests imposing tariffs and trade barriers on Taiwan.
    2024/02/06 17:05
  • Marketech’s record revenues fuel semiconductor market growth

    Marketech International Corp., a semiconductor giant, is set to achieve new operational heights through factory expansion and the promotion of new business ventures, including 2-nanometer projects and advanced packaging. With high-profile orders exceeding NT$60 billion, the company anticipates robust financial health and ambitious expansion plans. In December 2023, Marketech achieved a record monthly growth rate of 12.7% and an annual surge of 13.8%, with consolidated revenue reaching NT$5.63 billion. Furthermore, the company’s accumulated annual consolidated revenue in 2023 reached NT$56.28 billion, marking a growth of 11.7%. These impressive results position Marketech as an emerging player in the global semiconductor market, poised for future growth and expansion through advanced technological strategies.
    2024/01/18 14:58
  • 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
  • Shipping companies reroute amid escalating Red Sea crisis

    The escalating Red Sea crisis prompts shipping companies to reroute, with ten shipping routes from Taipei and Kaohsiung passing through the Red Sea. The Houthi movement, favoring Iran, targets ships in the Red Sea, leading international and local shippers to prioritize safety by announcing delays or re-routing around the Cape of Good Hope. Shipping companies opt to navigate around the Cape or temporarily suspend services, expecting disruptions in ship schedules. The situation mainly affects regional operations and does not yet have global consequences, resulting in no congested ports like during the pandemic. National shipping lines have temporarily ceased accepting cargo for ports in Israel, with further assessments on route adjustments to be made.
    2023/12/20 21:04
  • FamilyMart subsidiary boosts salaries by up to 5% in 2024

    Taipei-based subsidiary Family International Gourmet, a part of Taiwan FamilyMart Co., Ltd, has announced plans to increase salaries by 3-5% in 2024. The company will also offer incentive and performance bonuses equivalent to three to eight months of annual pay. Outstanding employees in 2023 could potentially earn annual salaries equivalent to over 20 months, with some store managers already earning millions of dollars per year. The company plans to expand by opening 8-12 new stores annually. In 2024, they aim to hire over 500 regular employees, including 50 potential store managers and over 200 potential supervisors. Starting salaries for new employees will increase from NT$34,000 to NT$36,000, with reserve cadres earning NT$40,000. Employees who pass training assessments can quickly advance to store manager roles, with the opportunity to earn annual salaries exceeding NT$1 million. The company reported impressive revenues of NT$19.92 billion in November, a nearly 30% increase year-on-year. Family International Gourmet is set to debut on the emerging stock market this Thursday as it progresses towards listing on the over-the-counter market.
    2023/12/20 14:51
  • 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
  • NMEA urges focus on funding, talent for Taiwan’s media hub

    The newly appointed Chairperson of the New Media Entertainment Association (NMEA), Daphne Lee, emphasizes the importance of funding, talent, and global integration for Taiwan’s content industry to succeed. At the 2023 Asiahub New Media Summit in Taipei, Lee highlights the need for cross-sector collaboration and industry chain integration in the AI era. The summit features six main themes, 19 keynote speeches, panel discussions, and 7 workshops with 60 speakers. Participants, such as LINE Taiwan Managing Director Roger Chen, discuss Taiwan’s soft power, industry upgrade, transformation, and global outreach. Videoland Television Network Chairman Lee Chung-pei suggests creating quality content to ensure profitability and establish funding recovery mechanisms. Lin Chien-han, Chairman of Taiwan Secom, shares the company’s dual strategy of investment and production, moving from DVD rental services to investing in Taiwanese films. Lin also discusses how Taiwanese creative content is breaking into the international market by integrating local culture and socio-political issues, citing successful films like "The Candidate" and "The Bridge Curse."
    2023/12/19 15:38
  • Festive German Market warms New Taipei spirits

    Discover the festive cheer of the German Christmas Market in New Taipei City. Experience culinary delights, unique decorations, and cultural exchange between Taiwan and Germany. Join in the holiday spirit as 2023 comes to a close.
    2023/12/17 17:17
  • Robust growth spurs Taiwan dining firms’ market entry

    Three major food service companies in Taiwan, Jhu Jian Group, Family International Gourmet Co., Ltd., and Mercuries F&B Co., Ltd., are set to list on the emerging stock market next week. Jhu Jian Group will join the Pioneer Stock Board on Dec. 21 and plans to transition to the emerging stock market trading by Jan. 2, 2024. The group’s revenue has already surpassed that of the previous year, with projections indicating an expansion to 175 outlets by year’s end. Family International Gourmet Co., Ltd. will also list on Dec. 21, with a robust year-over-year revenue increase of 28.4% in the first eleven months. Mercuries F&B Co., Ltd. will enter the emerging stock market on Dec. 22, reporting an impressive revenue increase of 10.82% in the first eleven months. These listings reflect the strong recovery and growth in Taiwan’s food and beverage sector.
    2023/12/15 17:47
  • TSMC unveils A14 tech, eyes 1.4nm node production

    TSMC, the Taiwanese semiconductor manufacturing company, announced progress in the development of its 1.4nm-class technology node, A14, during the IEEE International Electron Devices Meeting. The company plans to begin volume production of its 2nm process chips, N2, in 2025, with the N2P process expected to reach mass production by the end of 2026. Market analysts predict that TSMC’s A14 process could debut between 2027 and 2028. While TSMC is also developing cutting-edge technologies like CFETs to boost chip performance and energy efficiency, the initial A14 process is expected to use GAAFETs technology. The use of High-NA EUV lithography technology in TSMC’s future processes, including the A14 process, remains unconfirmed. Other industry players like Intel are also adopting next-generation EUV technology with a numerical aperture of 0.55.
    2023/12/15 17:24
  • Evergreen Marine to raise shipping rates in 2024

    Leading shipping companies, including Evergreen Marine Corporation, plan to raise shipping rates by up to 30% in 2024. Evergreen’s stock surged by 5.73% after the announcement, while its competitors, such as Yang Ming Marine Transport Corporation and Wan Hai Lines Ltd., experienced declines in their stock prices. Evergreen reported a 37.11% year-on-year decline in consolidated revenue for November due to lower international shipping rates and reduced global freight demand.
    2023/12/12 18:33
  • Taiwan food delegation eyes Australian market expansion

    The General Chamber of Commerce (ROCCOC) Chairman, Paul Hsu, led a delegation of 16 Taiwanese food suppliers on a mission to tap into the Australian market. The delegation attended business matchmaking events in Brisbane, Sydney, and Melbourne as part of the "Procurement Meetings of 2023 Taiwan Food Industries Delegation to Australia." The objective of this initiative is to enhance the international presence of Taiwanese food products, boost competitiveness, and foster economic collaboration between Taiwan and Australia. Hsu emphasized the complementary nature of Taiwan and Australia’s industries due to their contrasting seasons. The delegation has secured orders worth US$3.7 million so far, and Hsu remains optimistic about further trade opportunities through ongoing communications with Australian distributors.
    2023/12/12 15:46
  • U.S. elections, not Taiwan’s, may shift policy: Academic

    The George Washington University Professor Robert Sutter argues that Taiwan’s elections have little impact on U.S. policy towards the island, but the upcoming U.S. presidential election in 2024 could be significant. Both political parties in the U.S. and Congress have prioritized defending American interests and countering China’s actions, with Taiwan playing an increasingly important role. Taiwan’s strategic position, high-tech development, democratic politics, and free market economy have influenced the international order and led to stronger U.S. support. Sutter predicts that if Lai Ching-te, the Democratic Progressive Party presidential candidate, wins the election, U.S.-Taiwan cooperation will further deepen. However, Sutter also suggests that the 2024 U.S. election, particularly if a candidate with an "America First" stance like Donald Trump prevails, could bring a shift in U.S. policy consistency towards Taiwan and pose challenges in countering China’s provocations.
    2023/12/12 13:54
  • Ko Wen-je pledges AI revolution in Taiwan agriculture

    Taiwan People’s Party (TPP) presidential candidate Ko Wen-je has unveiled a series of policy proposals to revolutionize Taiwan’s agricultural sector. These proposals include employing artificial intelligence (AI) to create a comprehensive agricultural database. Ko’s five-pronged approach aims to address challenges faced by Taiwanese farmers, such as fragmented landholdings and an oversaturated domestic market. He also highlights the need to modernize traditional poultry houses and the agricultural marketing system. One focal point of Ko’s agricultural policy is the establishment of a strategic food security plan with AI, aiming to enhance planning in agricultural production and ensure transparency in the sale of farm products through data analytics. Ko also emphasizes the importance of resilient infrastructure to protect the farming sector from extreme weather events and the formation of an agricultural carbon sink platform to promote sustainable and low-carbon development. By drawing on international models, Ko aims to transform rural architecture and farming practices for a more sustainable future in Taiwanese agriculture.
    2023/12/07 16:59
  • Taiwan stocks waver, TSMC rises amid U.S. market downturn

    Taipei stock market remains steady around 17,360 points following a downturn in the US stock market. TSMC, the leading semiconductor foundry service provider, sees a rise of NT$3 to reach NT$573. Other semiconductor companies like UMC, PSMC, and VIS also experience modest gains. Additionally, electronic stocks like MediaTek show strength with a 1.4% increase to NT$940. Cable stocks outperform, while other sectors show slight fluctuations.
    2023/12/07 11:35
  • 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
  • Tourism surge driven by affordability and attractions

    Taiwan has soared in popularity as a global travel destination, with Taipei experiencing unprecedented growth in tourist interest. This surge is attributed to the city’s affordability and unique attractions, making it a favorite among international travelers, especially from Asia.
    2023/11/30 19:03
  • Foxtron marks milestone with record n7 EV model pre-orders

    Foxtron, a joint venture of Yulon Motor’s Luxgen Motor, has received over 9,100 pre-orders for its n7 electric vehicle (EV), making a significant impact on Taiwan’s domestic EV industry. Deliveries of the highly anticipated n7 model are set to begin in mid-January next year and be completed by the end of June. The n7’s pre-order numbers, achieved in just two days, equal three years of total EV sales in Taiwan, signaling a bright future for the EV market. Foxconn CEO Young Liu, leading the electric transformation of the trillion-dollar corporation, sees the increasing global competition in the EV sector as beneficial for Foxconn and its business models. Platformization, modularization, and standardization are key strategies for achieving cost control and timely product launches, which are at the core of Foxconn and Foxtron. The n7 model, benefiting from the shared platform provided by Foxtron, enjoys a competitive edge in cost, aligning with Foxconn’s global EV aspirations. The success of Foxtron’s n7 could potentially usher in a new era for Taiwan’s presence in the international EV landscape as the demand for sustainable transport continues to grow.
    2023/11/22 20:38
  • 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
  • Taiwan’s industrial power demand drops post-summer: TRI

    The Taiwan Research Institute (TRI) reports a decrease in electricity demand in September, following the end of the summer peak period for consumption. The TRI’s October Taiwan EPI shows a 0.16% growth in high voltage electricity usage across national industries compared to the same period in 2022. However, this growth is smaller than the increase seen in September. TRI President Wu Tsai-yi attributes the deceleration in economic growth to global inflation, interest rate hikes, and ongoing geopolitical crises. Despite these challenges, the domestic electronic technology industry has experienced successful inventory turnover due to the rise of AI applications, the launch of new consumer electronics, and stockpiling for the end-of-year shopping season. With sustained private consumption momentum and negative economic growth factors in the fourth quarter of 2022, a significant increase in economic growth to 4.4% is estimated for October. Wu predicts a gradual return to normalcy for global economic and business activities as the effects of inflation and interest rate increases diminish.
    2023/11/22 17:23
  • Cross-strait tensions deter Japanese tourists to Taiwan

    The number of Japanese tourists visiting Taiwan has only recovered to 33% of pre-pandemic levels in the first half of 2023. One reason for this is the depreciation of the Japanese yen, but the major concern is the growing cross-strait tensions. The instability in the Taiwan Strait has created unease among Japanese tourists. Maintaining stability and peace in the Taiwan Strait is a key task for the new line-up of top government leaders. Another contributing factor to Japan’s decreased tourism in Taiwan is the rising interest in South Korea, including its Korean pop culture, local delicacies, casinos, and cosmetic surgery services, despite its more expensive cost to visit after the pandemic.
    2023/11/14 18:16
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