A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS TSMC plans to build new plant in Japan On October 14, the Taiwan Semiconductor Manufacturing Company (TSMC) announced plans to construct a specialized wafer fabrication plant in Japan. During a Q3 earnings call, TSMC Chief Executive Officer C….

Industrial Production and Manufacturing Reach Monthly Highs in August The Ministry of Economic Affairs (MOEA) reported in late September that Taiwan’s industrial production index rose 13.69% year-on-year in August to 136.76, the highest ever. The sub-index for Taiwan’s manufacturing sector rose 14.62% from last year to 138.34, a monthly increase of 2.53% and also a…

Taiwan Applies to Join Regional Trade Pact On September 22, the Executive Yuan announced that Taiwan had formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Taiwan submitted its application documents to New Zealand, which acts as the depositary for the trade bloc and whose government circulated the application among the…

MOF Reports NT$2 trillion in Tax Revenue for First Eight Months The Ministry of Finance (MOF) on September 9 reported that net tax revenue for August totaled NT$132.4 billion (US$4.8 billion), 3.8% greater than the same month last year. Net tax revenue for the first eight months of 2021 was NT$1.9 trillion (US$68.7 billion), an…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Manufacturing Activity Continues to Flourish The Chung-Hwa Institution for Economic Research (CIER) announced on September 1 that its Purchasing Managers Index (PMI) had fallen 3.1 points in August to 62.1. Although the PMI has maintained a score of…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Technology Parks Report Record Gains According to the Ministry of Economic Affairs’ Export Processing Zone Administration (EPZA), the acceleration of emerging technology applications and strong demand for chips brought about by the COVID-19 pandemic has raised the revenue…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Macquarie and Kaison Sign MOU for EVs Macquarie Capital, an Australian-listed institutional investor that has been operating in Taiwan for 17 years, announced on August 18 that it has signed a memorandum of understanding with Taiwan electric bus…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Taiwan Down 93,000 Jobs in June The Directorate-General of Budgeting, Accounting and Statistics (DGBAS) announced on August 8 that the number of people employed in Taiwan’s industrial and service sectors at the end of June had fallen to…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Insurance Industry Records Major Gains in First Half The pre-tax profit of Taiwan’s life insurance industry in the first half of 2021 reached NT$259.2 billion, a 155.9% increase from the same period last year, according to statistics released…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Taiwan, Australia Seek Cooperation on Hydrogen On July 29, the Australian Office in Taipei and Taiwan’s Ministry of Economic Affairs held the Australia-Taiwan Hydrogen Trade and Investment Dialogue to discuss opportunities for developing hydrogen energy and other emerging…