A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Fubon acquires majority stake in Jih Sun Fubon Financial Holding Co. announced on March 23 that it had successfully completed the public tender to acquire a 53.84% stake in Jih Sun Financial Holding, making it the largest shareholder…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Higher growth forecasts meet concerns of overheating As the first quarter comes to a close, many economic institutions are raising their forecasts for Taiwan’s 2021 economic growth. On March 24, the Yuanta-Polaris Research Institute projected annual GDP growth…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Water Shortage Takes Toll on Industries While Taiwan relies on typhoons for 60% of its water usage needs, the absence of these severe weather events this past year has resulted the island’s worst water shortage in over five…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS PSMC Reports 37% Revenue Growth in 2020 Powerchip Semiconductor Manufacturing Corp (PSMC) announced last Tuesday that it officially turned a profit in 2020, with revenue of NT$45.68 billion (USD$1.62 billion) and a net profit of NT$3.81 billion (USD$135…

A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS NCC Approves APT-FET Deal Taiwan’s National Communications Commission (NCC) on March 3 approved local telecom operator Far EasTone’s (FET) application to share its 5G bandwidth on the 3.5GHz frequency band with Asia-Pacific Telecom (APT). As a condition of…

A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Microsoft begins hiring to boost Taiwan R&D Microsoft announced on February 5 that it would work to make Taiwan a global technology research and development hub. The company said it is confident in the island’s strong integration of…

A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Semiconductor and automotive chips updates The global supply shortage of automotive chips has forced German automakers Volkswagen and Audi to halt production, prompting the German Economics Minister to look to Taiwan for help. Taiwan’s Economics Minister Wang Mei-hua…

A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Pegatron enters Tesla supply chain Apple supplier Pegatron has recently expanded its cooperation with U.S. car producer Tesla. According to news sources, Pegatron has recently entered Tesla’s charging station supply chain and is expected to move into mass…

A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Ørsted signs investment agreement for Taiwan wind farm Danish wind power developer Ørsted signed an investment agreement in late December with Canadian institutional investor CDPQ (Caisse de dépôt et placement du Québec) and local investor Cathay PE. Under…

 A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taipei’s TOPICS ASE plans expansion in southern Taiwan  On December 16, semiconductor packaging and testing giant ASE, along with Chunghwa Telecom and major wafer producer Qualcomm, announced at a press conference that they would begin construction on the world’s first…