Panama Cuts Ties With Taiwan Panama switched diplomatic recognition from Taipei to Beijing, the latest in a series of developments that further isolate Taiwan on the global stage. Panamanian President Juan Carlos Varela cited “economic interests” as the incentive to sever the diplomatic ties. In response, Taiwan plans to halt all bilateral cooperative projects and…

Apple Partnering with Taiwan Firm for VR Apple is partnering with Taiwan’s HTC as part of its virtual reality development. At a major tech conference San Jose, California, Apple used the HTC Vive – the first VR headset launched by the Taiwanese firm – as part of a showcase of its virtual reality efforts, Central…

Hon Hai Eyes New Indian Investment Hon Hai, the Taiwanese multinational contract electronics manufacturer, is planning to build a new production base in Bengaluru, India, China Post reports. Hon Hai, internationally known as Foxconn, has been working with authorities in Karnataka in advance of the investment in Bengaluru, which is referred to as India’s Silicon…

Silicon Precision Industries Co. (SPIL), the world’s third-largest semiconductor packaging and testing firm, failed in a bid to fend off a hostile takeover by rival Advanced Semiconductor Engineering Inc. (ASE)… …after shareholders rejected management’s pitch for a tie-up with Hon Hai Precision Industries, Inc. ASE, the world’s largest player in the semiconductor packaging and testing…