By Nikki Dong and Alex Myslinski Production, GDP Forecast Up Taiwan’s industrial production rose 12.25% year-on-year (YoY) in Q3, driven by strong demand for AI chips, servers, and iPhone camera lenses, according to the Ministry of Economic Affairs. Manufacturing output increased 13% YoY. Semiconductor output surged 23.77%, while computer and optoelectronics production hit record highs. AI…
AmCham Taiwan’s online forum with AmCham Ukraine highlighted Ukraine’s business resilience amid crisis, offering Taiwan valuable insights on crisis management, antifragility, and the importance of public-private collaboration for whole-of-society resilience.
In Taiwan, many from the Global South work in diverse fields like tech and business, yet face challenges such as discrimination and complex residency processes. Professionals like engineer Jun Baldoz and marketing director Sam Khan have found success but highlight the need for Taiwan to simplify immigration and promote itself better to attract more foreign talent.
By Nikki Dong and Alex Myslinski Export Orders Continue to Rise Export orders in August rose for the sixth consecutive month, reaching US$50.2 billion, driven by strong demand for AI chips, cloud-based servers, and new iPhone inventory replenishment, the Ministry of Economic Affairs (MOEA) reported. Orders increased 9.1% year-on-year (YoY) in August, with total orders for…
In recent years, Taiwan has transformed its energy landscape, culminating in the elevation of the Bureau of Energy to the Energy Administration in 2023. A discussion with Deputy Director General Lee Chun-li highlighted the nation’s commitment to achieving net-zero carbon emissions, with a focus on diversifying renewable energy sources and enhancing energy security amid global geopolitical tensions.
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.
As Taiwan pushes toward a greener future, innovative financial solutions play a crucial role in renewable energy projects. Maiora Renewable Energy, a leader in solar power, emphasizes the importance of long-term feed-in tariffs and stable regulatory frameworks in attracting international investment, while addressing the complexities of local approval processes and grid challenges.
In a significant move to strengthen its global presence, Taiwan Semiconductor Manufacturing Co. (TSMC) has commenced construction of its first European semiconductor plant in Dresden, Germany. The facility, part of a joint venture with major European companies, will involve a €10 billion investment and is expected to significantly boost Europe’s semiconductor production capacity by 2027. This expansion is part of a broader trend, with other Taiwanese firms also increasing their investments in Europe amid growing demand for local semiconductor production.
Taiwan requires the nationalization of the offshore wind power supply chain, the construction cost of wind farms is 2.5 times higher than that of Europe, and the price of electricity will be 50% higher than in the past. How can offshore wind farms, which are so expensive that they cannot be built, continue in the…
Bechtel’s Regional President for East Asia and Pacific, a Jamaican native with a BA in Political Science and Chinese and an MBA from the University of Hawaii, discussed her journey from a trade specialist in the U.S. Department of Commerce to leading Bechtel’s regional operations. She highlights her past experiences at Caterpillar, where she advocated for trade issues and engaged with governments, as crucial preparation for her current role. In a recent interview, she shared insights on leadership, the importance of mentorship, and her advice for aspiring professionals.
