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…
U.S., Taiwan Hold Economic Talks The inaugural U.S.-Taiwan Economic Prosperity Dialogue (EPP) was held in mid-November. The nine-hour talks took place both virtually and through physical meetings in Washington, D.C. and culminated in a five-year memorandum of understanding between the two sides. Among the topics discussed during the EPP were bilateral economic cooperation in the…
Stimulus Voucher Program Expanded The popular triple stimulus voucher program introduced by the Taiwan government in July has been expanded to include Alien Permanent Residency Certificate (APRC) holders and foreign diplomats. Starting from November 16, Taiwan’s approximately 13,000 permanent residents and 1,400 diplomatic personnel can purchase the vouchers, which cost NT$1,000 and are valued at…
KMT Protests U.S. Pork The Chinese Nationalist Party (KMT) has begun ramping up its efforts to block U.S. pork containing the feed additive ractopamine from entering Taiwan after the Tsai administration’s announcement in August that it would lift the ban on such imports in 2021. In addition to its efforts to hold a referendum on…
Ending the Year on a High Note With the winter months approaching and much of the world experiencing upticks in COVID-19 cases and deaths, new lockdown measures in Europe and the U.S. could result in a drop in demand for end products and a slowing of economic recovery. That prospect has not done much to…
A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taipei’s TOPICS GlobalWafers edges closer to US$4.5 billion acquisition Taiwanese semiconductor silicon wafer fab GlobalWafers announced on November 30 that it intends to acquire German Siltronic AG for US$4.5 billion. If the deal goes through, GlobalWafers would become the world’s…
A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taipei’s TOPICS Costco unveils second Taichung location The grand opening of American multinational retailer Costco’s 14th Taiwan location place on November 20. Costco’s new outlet, the second to be opened in Taichung, is unique for specializing in yachts and designer…
Business Alliance Event Held in Taipei The 2020 Taiwan Business Alliance Conference, an annual event organized by the Ministry of Economic Affairs to promote investment in Taiwan, took place at the Taipei International Convention Center on October 7. This year’s event focused on opportunities for foreign companies in Taiwan amid the combined impact of the…
