EVA Announces More Flights Domestic airline EVA Airways Corp. is planning to increase its weekly passenger flights from Taiwan to North America in August in response to increased demand. The airline will offer five round-trip flights from Taiwan Taoyuan International Airport to Seattle per week, as well as four to New York, two each to…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Central Bank raises Taiwan’s GDP forecast The Central Bank announced on June 17 that it would leave current key interest rates unchanged. Its discount rate would remain at the historic low of 1.125%, while the rate on accommodations…
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…
Ørsted & TSMC Ink Wind Deal Danish wind power company Ørsted and TSMC on July 8 signed a major renewables agreement, under which the Taiwan company would purchase the entire production of Ørsted’s third wind farm project in Taiwan. It is the world’s largest corporate power purchase agreement thus far. The deal indicates that industries…
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…
Hon Hai Ends 2016 on High Hon Hai Precision Industry Co. (also known as Foxconn) reported its full-year results on April 1, disclosing that the world’s largest contract manufacture of electronics saw record high earnings in 2016 of NT$148.66 billion (US$4.9 billion), up 1.22% from last year. Mirroring Taiwan’s overall exports, Hon Hai had been…
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…
