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Chunghwa Telecom launches AI subsidiary InventAI
Chunghwa Telecom launches InventAI, a new subsidiary focused on AI transformation in finance and customer service. The company aims to lead AI innovation in Taiwan.
2025/10/22 06:00
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Taiwanese food brand seeks American expansion
Wowfresh, a Wowprime subsidiary, debuted at the USA Asian Culture Food Expo, showcasing retail products and engaging with U.S. supermarket chains for potential collaborations.
2025/08/18 14:24
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Acer subsidiary reports record earnings, expands AI focus
Acer e-Enabling Service Business approved a NT$9.5 per share dividend at its shareholders’ meeting. The company, now an enterprise generative AI accelerator, reported record 2024 earnings.
2025/06/04 19:00
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Taipei Metro offers top salaries for recreation subsidiary
Taipei Rapid Transit Corporation seeks a general manager and an operations vice general manager for its subsidiary "TRTC Recreation Business Corporation". Apply by June 15 for competitive salaries and bonuses.
2025/06/04 07:00
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Hon Hai to acquire Sharp’s laser business for NT$3.56B
Sharp Corp. will transfer its semiconductor and laser businesses to Sharp Fukuyama Laser by late September. Hon Hai’s subsidiary will acquire all shares for NT$3.56 billion, aiming to expand its business reach.
2025/04/23 22:00
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Taiwanese chain Bafang Yunji to open new subsidiary in Texas
Bafang Yunji is expanding its U.S. presence with a new Texas subsidiary and a $7.2 million investment, aiming to increase its store count and strengthen operations.
2024/07/10 10:43
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The Body Shop Taiwan assures business as usual
The Body Shop Taiwan declares independence from its British subsidiary following the latter’s administration announcement. The strategic change in the UK is not expected to impact the operations of the Taiwan branch, which will continue business as usual. Consumers’ rights and interests will remain unaffected.
2024/02/15 14:32
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TSMC expands in Japan with 2nd wafer plant slated for 2027
Taiwan Semiconductor Manufacturing Company (TSMC) has announced that its Japan subsidiary, JASM, will construct a second wafer fabrication plant by the end of 2024. The plant is expected to be operational by the end of 2027. With support from the Japanese government, TSMC plans to begin production at its first JASM wafer fabrication plant in 2024, with a total investment exceeding US$20 billion. The construction of the second plant is driven by increasing customer demand. The expansion aims to optimize JASM’s cost structure and supply chain efficiency, resulting in increased production. Once both plants are operational, JASM’s Kumamoto wafer fabrication plant will have a monthly capacity of over 100,000 12-inch wafers. The Japan fab will offer process technologies ranging from 40nm to 6nm, catering to automotive, industrial, consumer, and high-performance computing applications. TSMC also mentioned that capacity planning can be adjusted based on client requirements. The Kumamoto wafer plant is expected to create more than 3,400 high-tech professional jobs.
2024/02/07 14:37
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Taiwan’s SemiLux set for January 2024 NASDAQ listing
Taiwan Color Optics subsidiary SemiLux International Holdings is preparing for a NASDAQ listing in January 2024. The company, valued at $380 million, is set to make a significant impact in the realm of semiconductor technology, AI chip design, and autonomous driving solutions.
2023/12/22 16:51
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Taiwan’s Legislative Yuan amends new property tax law
Taiwan’s Legislative Yuan has passed a law amendment known as "Housing Tax 2.0," which will raise the residential property tax. The new tax will take effect on July 1, 2024, with taxation beginning in 2025. The Ministry of Finance estimates that around 4.45 million households will be affected by the revised tax, with approximately 3.1 million households benefiting from a preferential tax rate for single residency. This could potentially generate an additional revenue of NT$2.27 billion to NT$3.27 billion. Under the new system, residential properties will be categorized as "self-use" or "non-self-use," with a national limit of up to three properties classified as "self-use." The house tax will continue to be collected annually from May 1 to May 31, based on ownership from the prior year’s July 1 to the current year’s June 30. The amendment also requires that "self-use" residences meet household registration requirements in addition to the existing provisions regarding rental and occupancy by the owner, spouse, or direct relatives. The tax reform will have a significant impact on 10 municipalities that have not yet implemented the housing hoarding tax. To support the legislative changes, four supplementary regulations will be introduced, including differential tax rate modules, calculation formulas, principles for determining the number of household property holdings, and revisions to the organization of the Real Estate Evaluation Committees. All subsidiary regulations are scheduled to be amended by July 1, 2024.
2023/12/20 18:10
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Taiwan to subsidize foreign business travelers in 2024
The Ministry of Economic Affairs and the Ministry of Transportation and Communications in Taiwan have announced a new "Subsidiary Tourism" program aimed at boosting business travel. Foreign business travelers will be eligible for a subsidy of up to NT$2,000 starting next year. The program has a budget of NT$10 million and aims to support foreign business visitors to Taiwan. Stocks of related hotels have surged in response to this policy push, with analysts predicting positive growth for the tourism industry. The reduction in extended public holidays next year is expected to favor domestic tourism momentum and improve hotel occupancy rates. Overall, businesses and investors anticipate a robust year ahead for the hotel industry in Taiwan.
2023/12/20 17:27
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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
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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
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MOTC steps in as EVA Air pilots seek bonus talks
The story discusses the ongoing demands of EVA Air pilots for open dialogue with their employer regarding year-end bonuses and salary adjustments. The Civil Aviation Administration (CAA) is facilitating communication to resolve the issue. The union of Taoyuan International Airport Services Company (TIAS) released a statement criticizing the significant disparities in year-end bonuses between subsidiary companies and the parent company, with the former receiving one month’s worth and the latter receiving three. EVA Air ground staff discovered that their union had been dominated by management, leading to a petition to join the union and resulting in additional incentive payouts. The TIAS union expressed solidarity with the EVA Air ground staff and argued that subsidiary company employees should not face discriminatory treatment, and that annual bonus calculations and salary adjustments should align with the practices at the parent company.
2023/12/19 22:15
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Dengue spreads like needle-shared diseases: study
A pivotal study reveals that dengue fever can rapidly spread through a transmission method similar to needle-sharing in infectious diseases like HBV, HCB, and HIV. The study, conducted by Taiwan’s National Health Research Institutes in collaboration with the Department of Health and Kaohsiung City Government, analyzed the timing of infections during the 2015 outbreak. They found that in 85% of household cases, symptoms occurred within three days of each other, contradicting the previously believed incubation period for virus transmission. Using animal models, researchers confirmed that when mosquitoes bite an infected animal and then promptly bite another, the virus can transfer via the mosquito’s proboscis, bypassing the once-considered essential eight-day extrinsic incubation period. This finding explains the rapid spread of the 2015 dengue epidemic in Taiwan and raises concerns for the recent spike in cases. The study, published in the esteemed journal eBiomedicine, a Lancet subsidiary, in August 2023, also involved international researchers from the University of California, Nagoya University, Tsinghua University, and National Taiwan University.
2023/12/18 15:25
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Terry Gou warns Taiwan risks missing next ’golden 30 years’
Independent presidential candidate Terry Gou faces internal and external challenges, including petition issues, joint actions by the Kuomintang and Taiwan People’s Party, and poor poll ratings. The future of his campaign is uncertain as his company, Hon Hai’s subsidiary Foxconn, is under investigation by the Chinese Communist Party’s tax department.
2023/10/27 15:04
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Foxconn audit is’ normal law enforcement action’: Beijing
China’s Taiwan Affairs Office (TAO) has stated that the audit of Foxconn, a subsidiary of Hon Hai Precision Industry Co. Ltd, is a "normal law enforcement action." TAO Spokesperson Chu Feng-lien emphasized that China will continue to support Taiwanese businessmen and companies investing in mainland China. Chinese authorities aim to create a favorable development environment and improve policies for Taiwanese compatriots and businesses.
2023/10/26 15:04
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Premier voices gov’t support for Hon Hai amid Chinese audits
The Taiwanese government maintains communication with Hon Hai Precision Industry Co., Ltd. amid Chinese tax and land audits. The inspections of Foxconn, a subsidiary of Hon Hai, have caused concern. The government emphasizes its commitment to supporting Taiwanese businesses.
2023/10/23 17:57
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Pre-IPO event highlights Foxtron’s tripling revenue
Foxtron Vehicle Technologies, a subsidiary of Hon Hai Precision Industry Co., Ltd., announced that its revenue has tripled compared to last year, indicating promising future growth. The company’s electric bus, Model T, has received overwhelming orders exceeding its production capacity, while its first passenger car, Model C, has been adopted by Luxgen Motor Co., Ltd. with orders surpassing 8,000 units. CEO Andy Lee envisions complete electrification of public buses by 2030, anticipating significant growth for Foxtron products in the coming years.
2023/10/23 17:34
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Askey accused of exploiting immigrant workers
Askey Computer Corp., a subsidiary of ASUSTeK Computer Inc., is under fire for allegedly exploiting foreign immigrant workers and evading severance fees by relocating its Taoyuan factory to Vietnam. The joint union of Askey and ASUSTeK is demanding action as accusations mount against the computer companies.
2023/09/21 21:24
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Lai Chin-lin resigns as chairman of J&V Energy
Democratic Progressive Party (DPP) legislator Lai Pin-yu’s father and a former legislator himself, Lai Chin-lin, resigned as the chairman of J&V Energy Technology and all its subsidiary companies on Monday (Aug. 21).
2023/08/23 11:53