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…

The company hopes to benefit citizens and shed new light on the treatment of cancer. Pfizer Taiwan and the National Health Research Institutes (NHRI), along with two other partnering companies, recently signed a precision medicine cooperation alliance agreement, officially launching a joint initiative to develop precision cancer treatments in Taiwan. The agreement commits all parties…

Taiwan has been under the international spotlight since its early intervention in the COVID-19 crisis, and its comprehensive virus-prevention measures have made it one of the world’s few safe havens during the pandemic. The increased visibility of this island powerhouse has also drawn attention to its strengths in the area of healthcare, including clinical research….

The healthcare industry is currently undergoing a radical transformation. Patients increasingly have access to better, more personalized treatment options targeting previously intractable illnesses, allowing them to live longer, more fulfilling lives. Yet for Novartis, this hard work is just the beginning of the long journey. While the global healthcare ecosystem continues to flourish, reaching ever…

Food delivery is serious business in Taiwan. Although the government’s superb handling of the COVID-19 pandemic has allowed most restaurants to remain open across the island, the National Credit Card Center reported that in April 2020, 6 million transactions were logged on Online Food Delivery (OFD) platforms, a sevenfold increase from the same month a…

By Austin Babb and Jason Wu Hsiao Attends Biden Inauguration Hsiao Bi-khim, Taiwan’s representative to the U.S., was formally invited to attend the inauguration of U.S. President Joseph R. Biden Jr. on January 20, the first such invitation extended to a Taiwanese diplomat in four decades. In previous years, envoys from Taiwan were granted entry…

By Austin Babb and Jason Wu Economic Diversity Through New Tech In a recent interview with the Central News Agency (CNA), Minister of Economic Affairs Wang Mei-hua noted that in addition to Taiwan’s robust semiconductor industry, the rise of 5G and electric vehicles (EV) offer an opportunity for the island’s economy to diversify. Taiwan’s exceptional…