Chinese central bank refrains from rate cut
Taipei Times » Business
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1w ago
Nvidia CEO Jensen Huang, Danish Centre for AI Innovation A/S CEO Nadia Carlsten and King Frederik X of Denmark power on the supercomputer Gefion at the Vilhelm Lauritzen Terminal in Kastrup yesterday. The new AI supercomputer named Gefion, an Nvidia DGX SuperPOD, has been established in collaboratio Retails sales last month rose for the 37th consecutive month on an annual basis, up 3 percent from a year earlier, according to ministry data ..read more
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AI AIM: The chipmaker wants joint research and development programs with the Czech Republic, and the government is considering supporting investments in a Czech location
Taipei Times » Business
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2w ago
China’s exports rose much less than expected last month, curbing a trade rebound that has been a bright spot for the slowing economy.Exports climbed just 2.4 percent in US dollar terms from a year earlier, while imports inched up 0.3 percent, the Chinese General Administration of Customs said yester Beijing has tried to bolster growth through fiscal stimulus packages and is to issue special bonds to bolster banks to shore up the property market ..read more
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New mortgages extended by major state-run banks fall
Taipei Times » Business
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1M ago
Formosa International Hotels Corp (FIH, 晶華國際酒店集團) is upbeat about revenue growth next quarter, thanks to the soft opening of a new facility and the comeback of a flagship property in scenic, but quake-hit Hualien County.The group, which operates hotels under the brands of Regent Taipei (台北晶華酒店), Sil CTBC’s decision came after the Financial Supervisory Commission on Monday said it had reservations about the buyout being undertaken via share swaps ..read more
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SEASONAL DROP: The rate rose amid graduation season, but the jobless reading is likely to improve as first-time job seekers land positions and summer workers return to school
Taipei Times » Business
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1M ago
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday obtained the government’s approval to inject an additional US$7.5 billion into its US subsidiary, the Department of Investment Review said in a statement.The department approved TSMC’s application of investing in TSMC Arizona Corp, which is ..read more
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US firms see record-low profits in China: AmCham
Taipei Times » Business
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1M ago
The Chinese firm showed off its new Mate XT hours after the latest iPhone launch, but its price tag and limited supply could be drawbacks Hiring activity in Taiwan should gain force next quarter, as companies in tech, finance, real estate and other sectors intend to raise headcounts to meet demand as business picks up and to address personnel shortages, a survey by human resource advisory firm ManpowerGroup showed yesterday.The survey ..read more
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CROSS-STRAIT TENSIONS: The US company could switch orders from TSMC to alternative suppliers, but that would lower chip quality, CEO Jensen Huang said
Taipei Times » Business
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1M ago
Tax revenue from securities transactions last month increased 16.3 percent from a year earlier to NT$25.7 billion (US$799.9 million), rising on an annual basis for the 16th consecutive month and hitting the highest level for the month of August, data released by the Ministry of Finance showed on Wed ..read more
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Despite mixed July financial markets, labor funds post year-to-date gains
Taipei Times » Business
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2M ago
Intel Corp is working with investment bankers to help navigate the most difficult period in its 56-year history, people familiar with the matter said.The company is discussing various scenarios, including a split of its product design and manufacturing businesses, and which factory projects might po China’s excess products would pour into Japan if it is the only country without any protective trade measures, a company executive vice president said ..read more
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WORKLOAD: While companies appeared to be somewhat capacity constrained, they focused on raising productivity rather than hiring, resulting in backlogs, a researcher said
Taipei Times » Business
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2M ago
Minister of Economic Affairs J.W. Kuo (郭智輝) yesterday pushed back at criticism of Taiwan by US Republican presidential nominee and former president Donald Trump, and denied that Taiwan took the US chip industry.“Of course Taiwan is not stealing the chip industry from the US,” Kuo told reporters in T ..read more
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AI BOOM: US technology giants are pouring money into AI development, which is improving business for local firms, the Ministry of Economic Affairs said
Taipei Times » Business
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2M ago
The market is envisaging a brighter picture for Asian economies, with investors expected to allocate more funds to Asian equities in the coming quarters Seven & i Holdings Co, the Japanese convenience store chain operator valued at about US$31 billion, has received a buyout proposal from Canadian rival Alimentation Couche-Tard Inc in what would be the largest-ever foreign takeover of a Japanese company if realized.The “confidential, preliminary” off ..read more
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TSMC sales grow 45% on strong AI chip demand
Taipei Times » Business
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3M ago
Global stocks rose in jittery trading yesterday, as the uncertainty generated by the previous day's aggressive selloff weighed on investor sentiment, even though central bank officials said all the right things to soothe nerves.The Nikkei 225 index's 10 percent rebound in Tokyo delivered an initial After falling 8.35 percent on Monday, the TAIEX closed up 3.38 percent, following world sell-offs in which ‘people got a bit carried away,’ one analyst said ..read more
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