As TSMC gears up to bring advanced semiconductor manufacturing to the U.S., the company’s American employees recount their experiences receiving job training in Taiwan. Several hundred young Americans are currently undergoing intensive training at the Taiwan Semiconductor Manufacturing Co. (TSMC) chip manufacturing facility in Tainan. Once finished with the program, these trainees are expected to…
Management and leadership expert William Zyzo describes the four forces spurring multinationals to pursue creativity and innovation as a strategic imperative and provides advice on how global firms can overcome related challenges to retain their competitive advantage. Multinationals are currently buffeted by four forces of creative destruction (See Figure 1). Of these, the first and…
Corning is one of the world’s leading innovators in materials science. For over 170 years, Corning has combined its unparalleled expertise in glass science, ceramics science, and optical physics with deep manufacturing and engineering capabilities to develop life-changing innovations and products. With a long-standing track record of innovation, transformation has always been at the heart…
Unencumbered by Taiwan’s strict border controls, the luxury sector’s sales this year are set to reach a new high across a wide range of categories. Times have never been better for Taiwan’s luxury goods industry, which has been insulated from pandemic-induced pain by its reliance on wealthy and high-spending domestic clientele. Data compiled by market…
Long forced to send money back home through an inefficient and expensive gray-market system, migrant workers in Taiwan now have access to a growing number of convenient, secure mobile app-based remittance services enabled by recent regulatory changes. For many years, Taiwan’s financial sector paid little attention to the more than 700,000 migrant workers from Indonesia,…
After two years of COVID clamp-down, pandemic control relaxations mean that Taiwan’s limbs are gradually regaining circulation. A summary of programs and people impacting AmCham Taiwan over the summer is by now in order. June saw the rollout of the so-called 3+4 home isolation plan as a gesture of re-engagement, supplemented by July’s elimination of…
Of the e-commerce platforms that have made substantial gains during the pandemic, Shopee stands out for its savvy marketing and mobile-first strategy that have cemented its position as the leading e-commerce provider in several markets, including Taiwan. In view of the continuously evolving e-commerce market, as well as Taiwan’s and the world’s gradual movement toward…
The complex sequence of inputs, outputs, and processes involved in producing the components powering virtually all modern electronic equipment is exposed to many risks that industry experts say must be addressed quickly. U.S. Secretary of Commerce Gina Raimondo recently stated in an interview with CNBC: “If you allow yourself to think about a scenario where…
For the past several years, Singapore-owned Shopee has been the island’s largest e-commerce platform. But as pandemic-induced surges in online shopping subside and local competitors catch up, Shopee may struggle to retain its stronghold in the market. Owned by Singapore’s Sea Group and headquartered in the city-state, Shopee is essentially a foreign company operating in…
Taiwan’s first domestically bred coffee bean could potentially help the island’s coffee farmers overcome agricultural and climate challenges. STORY AND PHOTOS BY JORDYN HAIME Life in China was pretty good for Liu Yi-teng. During his six years there, he built a prolific career running a shoe factory. The salary was high: he was able to…
