MediaTek, the top smartphone chipset supplier, is shifting focus to automotive chips and the Indian market amid challenges in its traditional Chinese market. The company reported a 62% profit increase in Q2, driven by its Power IC and Smart Edge Platforms. With plans to enhance its presence in automotive technologies and India, MediaTek aims to diversify its revenue streams and capitalize on new opportunities.
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS FSC Approves Major Insurance M&A Deal The Financial Supervisory Commission (FSC) on May 31 provided its conditional approval of Taishin Financial Holdings’ acquisition of Prudential Life Insurance. The FSC’s first condition is that Taishin make a statement committing…
An unexpected surge in demand left car manufacturers in some major markets scrambling to make up for a shortage of automotive chips, which are produced mostly in Taiwan. Now governments are exploring how to reduce dependence on the island’s chipmakers. Taiwan’s key foreign policy catchphrase “Taiwan can help” has become a lot more relevant lately,…
Taiwan has a relatively complete supply chain for electric vehicle components, and companies such as Tesla rely heavily on Taiwanese suppliers for a majority of their EV parts. Yet the island has not produced a viable EV brand to contend in the global market. Azizi Tucker first came to Taiwan in 2007 while working for…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS TSMC raises capital expenditures to increase capacity Taiwan Semiconductor Manufacturing Co (TSMC), the world’s leading contract manufacturer, said at a investor conference on April 15 that it would again raise its capital expenditures for 2021 to NT$30 billion,…
Taiwan’s car market experienced substantial sales growth in 2020, recording the highest number of units sold in 15 years. Yet global headwinds and Taiwan’s relative lack of an EV market could slow the momentum in 2021. By Austin Babb and Jason Wu 2020 was a traumatic year for the global automobile industry. Factory shutdowns and…
By Austin Babb and Jason Wu COVID Success Lures Foreigners Amid the ongoing COVID-19 pandemic, Taiwan continues to be an attractive location for foreign talent. Ministry of Labor statistics show an 18% increase in foreign white-collar workers in Taiwan since last year. In addition, there was an astounding 300% rise in 2020 in the number…
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…
Local companies are betting that e-scooters and the sharing economy represent the future of mobility. Imagine pedestrians walking down spacious sidewalks in Taipei, free of motorbikes. The only sounds heard are from their conversations, the whir of electric vehicles, and the chirping of birds. Cars and public transport are self-driving, but for the “last mile”…
Formosa Plastics founder Wang Yung-ching failed at building a car business, but his failure laid the groundwork for the country’s successful Tesla supply chain. What are Taiwan’s advantages in the electric vehicle age? The global automotive industry is experiencing a paradigm shift, sending Tesla’s stock price soaring and big Taiwanese manufacturers scrambling to expand their…
