Reported about 1 year ago
TSMC secures a new AI contract from ByteDance, collaborating with Broadcom to develop an advanced AI processor utilizing 5nm process. This move is expected to support TSMC's continuous growth in advanced process orders. Despite the lack of response from TSMC and both companies involved, the partnership is seen as essential for ByteDance amidst heightened US-China tensions and export control measures for advanced semiconductor products. The cooperation also aims to ensure a stable supply of high-end chips while facing limitations in the AI chip supply chain. TSMC's Chairman expects AI-related revenues to account for over 20% of the company's revenue by 2028, with projected growth in server AI processor business in the next five years. However, TSMC is not expected to start manufacturing the new chips this year as chip design activities are still ongoing.
Source: YAHOO
Reported about 1 year ago
The Kaohsiung City Government has approved the land change for TSMC's third 2nm fab, indicating progress in TSMC's Kaohsiung plant expansion and further stimulating the local economy. The city government plans to transform the former oil refinery site into a semiconductor material R&D core, establishing the Southern Science Park Kaohsiung Third Park (Nanzi Park) to focus on circular technology, material R&D, and advanced semiconductor industries. TSMC's third fab, covering 17.22 hectares, aims to meet the urgent expansion needs in response to global semiconductor supply chain transformation and demand, with estimated employment for 1,000 individuals and a total employment boost of around 4,500 people in the Nanzi Park area.
Source: YAHOO
Reported about 1 year ago
In an attempt to penetrate the competitive AI application market in China, Apple is reported to have initiated discussions with local companies such as Baidu and Alibaba. The industry speculates high chances for Baidu to emerge as a key player in this partnership, with Alibaba holding significant potential as well. By partnering with manufacturing companies like Inventec, which serves as a server partner for both Baidu and Alibaba, Apple aims to establish a strong presence in the Chinese AI market. This move comes as Apple faces increasing competition from local rivals who have integrated AI features into smartphones and developed their own AI ecosystems.
Source: YAHOO
Reported about 1 year ago
Rumors suggest that Apple will set up a data center in Taiwan, following in the footsteps of Google, Amazon AWS, Microsoft, and NVIDIA. Industry experts anticipate a surge in demand for AI servers and green energy. If Apple's data center is established in Taiwan, companies like Foxconn, Wistron, and Compal could benefit, along with increased demand for green energy. The economic impact is estimated to reach billions. Apple has not confirmed these rumors yet, and industry players have refrained from commenting. With the growing AI market and increasing capital expenditure in the cloud services sector, the trend is expected to continue in the future.
Source: YAHOO
Reported about 1 year ago
Apple is ramping up its AI strategy by seeking allies such as Meta and Google to integrate AI models into its Apple Intelligence AI platform. This partnership is expected to boost the demand for AI servers, benefiting manufacturers like Foxconn, Pegatron, and Wistron. Meta, with around half of its AI servers produced by Foxconn and another 30% by Wistron, also collaborates with MediaTek's subsidiary, NovaTek, for chip IP. The continued collaboration between Meta and NovaTek signals advancements in AI server technology. Overall, Apple's expansion in alliances is set to have significant implications on the AI server supply chain industry.
Source: YAHOO
Reported about 1 year ago
During his visit to the U.S., Taiwan's Economic Minister Guo Zhuhui led a delegation to attend a reception held by Taiwan's representative office, aiming to assist small and medium-sized enterprises in overseas expansion. He emphasized the importance of passing the Taiwan-U.S. Avoidance of Double Taxation Agreement (ADTA) quickly to alleviate tax burdens. Guo also mentioned Taiwan's semiconductor industry's presence in the U.S. and highlighted Taiwan's innovative capabilities beyond manufacturing. The ADTA aims to eliminate double taxation for companies and employees conducting business in both the U.S. and Taiwan, strengthening the U.S.' competitive position against China.
Source: YAHOO
Reported about 1 year ago
全新世紀正式展開；2000年1月1日，新西蘭吉斯本市民成為首位看到新千年的人；IMB推出首個閃存驅動器；Volvo停產S60轎車，將專注全新EX90 SUV，EX90是該公司首款全尺寸電動車，擁有近500匹馬力和大約300英里的行駛里程。
Source: YAHOO
Reported about 1 year ago
The State-Owned Property Office announced the fourth batch of state-owned land leases for auction, including ten plots with a total minimum price of about 3.28 billion yuan, to be auctioned on August 12. The properties are diverse in usage, such as releasing large areas of land in Kaohsiung's prime areas and land in Hsinchu County suitable for financial and insurance industries. The leases range over various areas including Kaohsiung, Tainan, New Taipei City, Taoyuan, Taichung, Hsinchu County, Miaoli County, and Chiayi City, totaling 3.48 hectares. The lease period will be 70 years with an annual ground rent rate of 3.5%.
Source: YAHOO
Reported about 1 year ago
The U.S. Transportation Security Administration screened a record-setting 2.99 million airline passengers in a single day, with expectations to screen more than 32 million travelers during the 2024 Independence Day travel period, a 5.4% increase from 2023. This comes as major U.S. airlines forecast a record summer travel season with 271 million passengers expected to be transported, up 6.3% from last year, while the Federal Aviation Administration addresses a shortage of air traffic controllers with extended flight requirement cuts at congested New York airports.
Source: YAHOO
Reported about 1 year ago
In the wake of a significant increase in global container shipping rates on June 24, 2024, Taiwan's top container shipping companies - Evergreen (2603), Yang Ming (2609), and Wan Hai (2615) - are all strategically positioned to capitalize on the second wave of bullish market conditions in the shipping industry. Analysts believe that these companies are just entering a phase of substantial profit growth, with the post-pandemic recovery in the global shipping market presenting lucrative opportunities. Yang Ming and Wan Hai are expected to see significant profit increases due to recent upward pricing trends, while Evergreen's dominance in the European market with its 24,000 TEU vessels is enhancing its competitiveness. With Yang Ming's revenue heavily reliant on the North American and European routes and Wan Hai expanding its services in the Asian market, both companies are poised for increased profitability and market share growth.
Source: YAHOO
Reported about 1 year ago
Sunshine Maritime (2609) indicated at a press conference that global shipping is still affected by various external factors, with strong demand continuing into the third quarter starting from July, as containers remain scarce. The company mentioned the imbalance in supply and demand, particularly in the manufacturing sector, with shipping prices rising in response to the high demand from Europe and the United States due to end-of-year holiday shipments. The geopolitical situation and container availability uncertainties further complicate the market, with external factors like container shortages, vessel congestion, and port congestion contributing to the confusion in the market.
Source: YAHOO
Reported about 1 year ago
Tech giants like Nvidia led a rally lifting stocks worldwide, with Nvidia's 7% climb after a $430 billion drop. In late trading, FedEx surged around 15% on a positive forecast, and Rivian Automotive gained big with Volkswagen's $5 billion investment. US consumer confidence dipped slightly, while Federal Reserve officials hinted at potential rate cuts. Despite volatility, analysts anticipate the S&P 500 to remain in a 'buy-the-dip' state. Bank of America saw net equity outflows last week, and Commodity Trading Advisors are expected to reduce equity positions. UBS reassured about positive demand signals despite Nvidia's recent correction, and Neuberger Berman views it as a long-term investment. Various corporate highlights and key upcoming events were also highlighted, providing a comprehensive overview of market movements and sentiments.
Source: YAHOO
Reported about 1 year ago
晉禾螺絲螺帽大廠與高雄都發局合作，在岡山改建員工宅，15年後免費贈送給員工以留才。由於台積電留才高薪，晉禾為挽留技術人才，希望建立員工住宅，吸引人才留在公司。高雄都發局擬修改城市規劃細則，提供50%的容積獎勵，鼓勵企業建造員工宿舍和建商建造住宅並一同捐贈社會住宅。
Source: YAHOO
Reported about 1 year ago
Taipei, June 24, 2024 - The Ministry of Economic Affairs announced that the industrial production index for May was 98.2, with a year-on-year increase of 16.06%, marking a third consecutive monthly increase and the highest annual growth rate in 34 months. The semiconductor industry saw a significant 40.99% surge driven by strong AI demand, while the computer, electronic, and optical manufacturing sector also grew by 31.84% year-on-year. Expectations for June indicate a year-on-year growth of 12.5% to 17.3% in the manufacturing industry, with the overall industrial production index forecasted to exceed 10% for the first half of the year.
Source: YAHOO
Reported about 1 year ago
Economic Affairs Department reported that in May, both the retail and food & beverage industries in Taiwan achieved record-high sales, with retail industry's revenue increasing by 2.4% year-on-year, experiencing a 33-month growth streak, demonstrating strong domestic demand. The Deputy Director of the Statistics Department, Huang Weijie, mentioned that the domestic consumption market was active, leading to new highs in both industries' revenues. Wholesale sector also saw growth in May, with a 12.6% year-on-year increase, mainly fueled by the expansion of emerging applications like AI and high-performance computing. There is optimism for continued positive development if unforeseen circumstances do not arise.
Source: YAHOO
Reported about 1 year ago
NCSIST Chairman Wu Cheng-wen emphasized the importance for Taiwan to develop Sovereign AI and establish autonomous AI systems, working with international companies to assist industries and service sectors in AI application development. The plan includes a 10-year, NT$300 billion project focusing on advancing Taiwan's IC design sector. Acknowledging the significance of Sovereign AI, Wu mentioned Taiwan's strengths in semiconductors and hardware manufacturing but highlighted the need for independent systems, applications, and services to enhance national security. The goal is for Taiwan to become the 'Island of AI' with its own data centers, computing power, and cloud services to control and leverage data accurately for citizen services.
Source: YAHOO
Reported about 1 year ago
In response to NVIDIA and AMD increasing investments in Taiwan and establishing research and development centers in the country, National Science Council Chair Wu Cheng-wen expressed that they have reached a consensus with the Ministry of Economic Affairs. He has communicated with both companies, expressing the hope to bring in 50% of overseas system talent to assist Taiwan in developing AI application systems and enhance industrial value in Taiwan. Both companies have positively responded, aiming to grow together with Taiwan as President Tsai mentioned building Taiwan as an 'AI island' in her inaugural speech, hoping to apply AI across all industries for development.
Source: YAHOO
Reported about 1 year ago
The National Council for Science will present the first draft of Taiwan's AI basic law by the end of this year, with a preview scheduled for August and a focus on balancing industry innovation and human rights protection. Following the recent adoption of the AI Act by the European Parliament, the National Council for Science aims to introduce Taiwan's first AI basic law, explicitly prohibiting infringements like image rights. The draft will include regulations on the appropriate use of AI technology to prevent misuse and ensure compliance with existing laws.
Source: YAHOO
Reported about 1 year ago
US Treasury Secretary Janet Yellen discussed various topics including new housing initiatives and inflation in an exclusive interview with Yahoo Finance. She shared optimism that inflation would come down to the Fed's 2% target next year and highlighted the economy's resilience amidst potential election uncertainties. Yellen also mentioned the impact of tariffs on the economy and the importance of addressing deficits. The interview conveyed Yellen's confidence in the economy and her insights on key economic issues facing the nation.
Source: YAHOO
Reported about 1 year ago
Mexico's state oil company, Petroleos Mexicanos, saw an 11% rise in gasoline imports in May, hindering President Andres Manuel Lopez Obrador's aim to achieve national self-sufficiency in refining. Despite earlier cuts in fuel imports, the company's struggles persist as they await the completion of the Dos Bocas refinery. Pemex's delays in refinery projects and declining crude production, along with a high debt burden, are impeding Mexico's energy independence efforts.
Source: YAHOO
Reported about 1 year ago
Following the implementation of the 'New Youth Housing Stability and Homeownership Preferential Loan Program' (New Youth Housing Program) which has boosted the housing market but also led to issues such as people acting as intermediaries or subletting, the Administrative Yuan held a review meeting yesterday to assess the current situation. Policies and countermeasures are currently under discussion with plans to clarify and announce decisions to the public in due course. Various measures are being considered to address concerns and improve the implementation of the policy.
Source: YAHOO
Reported about 1 year ago
French bank BNP Paribas released a mid-year market outlook, noting more interest rate cuts by central banks next year compared to this year, creating investment opportunities in the forex market. The US Federal Reserve is expected to cut interest rates four times next year, with rates projected to drop to 4.25%. Historically, post-election US stocks tend to rise by 11-12%, benefiting Taiwan's tech and semiconductor sectors. BNP Paribas advises focusing on policy rather than politics ahead of the US presidential election in November, emphasizing that regardless of the election outcome, the US stock market typically experiences growth post-election.
Source: YAHOO
Reported about 1 year ago
經濟部統計處發布工業與製造業生產指數連續3月呈現正成長，5月分別年增16.06％、16.7％，受惠於AI和高效運算需求。然而，傳統產業如機械、汽車則轉為負成長，顯示景氣回升步調仍緩慢。產發署持續關懷協助傳產，並展望未來製造業生產指數增幅將拉大，吸引海外大廠前來台灣設資料中心。
Source: YAHOO
Reported about 1 year ago
Starting August 1, 2024, Taiwan's National Health Insurance will stop providing coverage for 14 listed medicines while still covering over 800 others. The medical and pharmaceutical industry in Taiwan have differing opinions on this decision. The Pharmacists Association believes that listed medicines should be removed from coverage due to the strain on healthcare resources, while the Physicians Association emphasizes the need for careful evaluation before removing these medicines to prevent burdening patients financially. The debate revolves around the financial implications and accessibility of commonly used listed medicines for the public.
Source: YAHOO
Reported about 1 year ago
The Health Insurance Administration of the Ministry of Health and Welfare announced that 14 indicative drugs will no longer be covered by health insurance starting on August 1, in an effort to save approximately NT$278,000. These drugs, mostly digestive enzymes and vitamins known as 'flavoring medicines,' have been a point of contention as their continued coverage by health insurance was criticized despite being for dietary supplements rather than medical treatment. The gradual reduction in subsidized drugs aims to optimize health insurance resources for necessary medical services.
Source: YAHOO