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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
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German Institute Taipei optimistic about TSMC fab investment
Taiwan Semiconductor Manufacturing Company (TSMC) has received approval from the Ministry of Economic Affairs to establish a fabrication facility in Germany. At the CDKWV 90th Anniversary International Conference, optimism abounded as experts discussed the potential of this 3.5 billion-euro investment. Dr. Jörg Polster, Director General of the German Institute Taipei, highlighted the compatibility of cultures, while Stan Shih, Acer’s co-founder, raised concerns about cultural differences. The partnership is expected to deepen as German investments in Taiwan reach record levels.
2023/10/28 16:49
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TSMC ready to establish factory in Germany: NDC head
Taiwan’s National Development Council Minister Kung Ming-Hsin highlights TSMC’s readiness to establish a factory in Germany after the recent approval of its plans by the Investment Commission of the Ministry of Economic Affairs.
2023/10/27 16:00
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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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Vice Premier announces audit of high-tech firms’ land use
Vice Premier Cheng Wen-tsan announces audit of land use for high-tech firms in Taiwan. Government is committed to providing options for all high-tech companies, including TSMC.
2023/10/25 16:25
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Taiwan’s industrial production drops 6.72% YOY in September
Taiwan’s Ministry of Economic Affairs reported that the Industrial Production Index for September 2023 decreased by 6.72% compared to the same month in the previous year. The manufacturing industry experienced a decline rate of 7.01%, marking 16 consecutive months of negative growth.
2023/10/24 11:53
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TSMC’s Q323 revenue reaches NT$546.73B
Taiwan Semiconductor Manufacturing Co. (TSMC) announced its financial results for the third quarter of 2023, revealing a capital expenditure projection of NT$226.6 billion for the year. The company plans to allocate 70% of this capital outlay to advanced processes, 20% to specialized processes, and 10% to packaging and other related sectors. TSMC’s consolidated revenue for the third quarter decreased by 10.8% compared to the same period last year, reaching approximately NT$546.73 billion. The earnings per share (EPS) stood at NT$8.14.
2023/10/21 17:55
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NVIDIA and Foxconn unveil plans for AI factory collaboration
NVIDIA and Foxconn strengthen their collaboration in AI and vehicle technology through an innovative "AI factory" initiative. Get insights into their strategic partnership at the Hon Hai Tech Day.
2023/10/18 16:24
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TSMC abandons fab plans in Taoyuan due to local opposition
Taiwan Semiconductor Manufacturing Company (TSMC) has decided not to proceed with its plans to establish a new chip factory in Taoyuan’s Longtan District due to strong opposition from local residents. The company initially intended to produce chips smaller than 2 nanometers at the site, but the negative public response led to the abandonment of the project. The government’s expropriation of a land area, of which 90% is private property, sparked public dissatisfaction.
2023/10/18 11:03
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Lai Ching-te lauds Taiwan’s textile sector at TITAS 2023
Vice President Lai Ching-te praises Taiwan’s textile industry for its resilience and innovation in smart manufacturing at the 2023 Taipei Innovative Textile Application Show. The industry shows strong economic contributions, with a focus on functional textiles worn by global athletes, and aims for a future of digital transformation.
2023/10/17 17:37
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TSMC founder warns of increased competition to come
Taiwan Semiconductor Manufacturing Company (TSMC) Founder Morris Chang took to the stage on Saturday (Oct. 14) to warn of increased competition in the semiconductor industry in the upcoming years. Speaking at the company’s "Sports Day," which resumed after a three-year hiatus due to the COVID-19 pandemic, Chang emphasized that TSMC remains a "battleground for the world’s geopolitical strategists." "The competitive environment for TSMC in the years to come will not become any easier," the 92-year-old founder said.
2023/10/14 16:36
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Taiwan launches first domestically-made weather satellite
Taiwan’s President Tsai Ing-wen announced the successful launch of Taiwan’s first domestically-produced weather satellite, the Triton. The satellite, completely "Made in Taiwan," signifies Taiwan’s advancement in the global space industry. President Tsai emphasized the government’s commitment to investing TWD 25.1 billion over the next decade to promote the space industry chain and cultivate talent in space technology. The Triton will enhance typhoon forecasting and facilitate scientific research in atmosphere, ocean, and terrestrial hydrometeorology. Its data collection is expected to revolutionize global meteorological observation and forecasting. President Tsai expressed her aspirations for Taiwanese manufacturing to expand towards space.
2023/10/09 21:03
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Goldman Sachs cuts TSMC’s capex forecast
TSMC has experienced an 11% drop in its stock price over the past five months, making it the most significant decline among Asian stocks. Goldman Sachs Group has lowered its capital expenditure expectations for TSMC for next year by over 20%, citing concerns about the postponement of its overseas capacity expansion plan.
2023/10/05 19:41
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Taiwan’s manufacturing sector struggles amid economic slump
Amid economic challenges, Taiwan’s manufacturing sector grapples with reduced work shifts due to declining foreign orders. Labor violations surge in New Taipei, with the sector eyeing revival as export orders show promise.
2023/09/12 18:53
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R&D Center shows TSMC’s commitment to keeping Taiwan roots
Taiwan Semiconductor Manufacturing Company (TSMC) unveiled its global research-and-development center in Hsinchu County on July 28, showing its commitment to keeping its roots in Taiwan.
2023/08/07 19:34
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TSMC to assign Taiwan staff to support Arizona factory
Taiwan Semiconductor Manufacturing Company (TSMC) announced on Wednesday (Aug. 1) that it will temporarily send specialists from Taiwan to support their Arizona factory, which has experienced delays
2023/08/02 21:08
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TSMC unveils cutting-edge global R&D center in Hsinchu
Taiwan Semiconductor Manufacturing Company (TSMC) founder Morris Chang thanked the company’s research and development (R&D) team at the unveiling of its global R&D center in Hsinchu City on Friday (July 28).
2023/07/28 18:06
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TSMC Arizona fab faces potential delay to 2025
The chairman of Taiwan Semiconductor Manufacturing Company (TSMC), Mark Liu, announced on Thursday (July 20) that the planned production schedule for the Arizona factory in the United States may face delays, pushing the commencement date from the originally scheduled end of 2024 to 2025.
2023/07/20 16:22
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TSMC plans to upgrade Kaohsiung new fab to produce 2nm chips
Kaohsiung Mayor Chen Chi-mai revealed on Monday (July 17) that Taiwan Semiconductor Manufacturing (TSMC) planned to build a 2nm chip factory in the city.
2023/07/17 17:52
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Taiwan’s manufacturing PMI drops in March, signals recession
The Taiwan Institute of Economic Research released its Manufacturing Purchasing Managers’ Index (PMI) report for March on Wednesday (May 3), revealing a decrease in the overall manufacturing PMI signal value from 10.97 in February (revised) to 10.41 in March.
2023/05/04 12:02
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TSMC requested quotes for equipment shipment to Germany
Taiwan Semiconductor Manufacturing Company (TSMC) is reportedly close to completing its plan to build a plant in Germany, according to sources within the company’s supply chain.
2023/04/10 11:09
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New Taipei holds job fair to fill 3,000 local positions
The New Taipei City government hosted its first major talent recruitment event of the year. Fifty-six firms participated, seeking to fill more than 3,000 job openings, primarily in the service, retail, and technology manufacturing sectors.
2023/02/04 19:11
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Experts stress Taiwan’s leadership in semiconductor industry
Taiwan Semiconductor Manufacturing Company announced plans to build a second fab in Arizona in December 2022, raising its investment in the U.S. to US$40 billion.
2023/01/05 18:48
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Taiwan TSMC announces plans to build second fab in the U.S.
Taiwan Semiconductor Manufacturing Company (TSMC) unveiled plans to build a second semiconductor plant in Arizona, U.S., and to produce more technically advanced 4-nanometer chips on Tuesday (Dec. 6).
2022/12/07 18:21
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TSMC gifts large bonuses to staff after successful year
Taiwan Semiconductor Manufacturing Company (TSMC) has made headlines for its generosity toward its employees as annual bonus amounts come to light.
2022/12/01 17:21