BY JULIA BERGSTRÖM AND HUNG-WEI CHEN Exports Up, Confidence Down Export orders grew in August, mainly due to the launch of new Apple products and increasing demand for new technologies, which supported a 2% year-on-year increase to US$54.59 billion, according to the Ministry of Economic Affairs (MOEA). This was the best-ever August performance by Taiwan’s…
As TSMC gears up to bring advanced semiconductor manufacturing to the U.S., the company’s American employees recount their experiences receiving job training in Taiwan. Several hundred young Americans are currently undergoing intensive training at the Taiwan Semiconductor Manufacturing Co. (TSMC) chip manufacturing facility in Tainan. Once finished with the program, these trainees are expected to…
By Julia Bergström U.S., Taiwan Ramp Up Semi Investments U.S. chip materials maker Entegris plans to more than double its investment in Taiwan by building its largest manufacturing site on the island to supply products to Taiwan Semiconductor Manufacturing Co. (TSMC) and others. Operations at the site in Kaohsiung are set to begin by the…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Inbound FDI Drops by Over 18% in 2021 The Investment Commission announced on January 20 that it approved 2,711 foreign direct investment (FDI) applications in 2021, a 20.68% decrease from the year before. FDI last year totaled US$7.48…
Five years after its implementation, the Tsai government’s flagship policy initiative aimed at boosting engagement with South and Southeast Asian countries has delivered some encouraging economic results. But observers say that to fulfill the policy’s goal of developing more comprehensive relations, a greater focus on people-to-people ties is needed. Taiwan’s Executive Yuan reported this September…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Merck Announces Largest-Ever Taiwan Investment German science and technology firm Merck announced last week that it will invest approximately NT$17 billion in Taiwan over the next 5-7 years. The funds will primarily go toward the establishment of a…
As Taiwanese companies look to expand their operations and investments in the U.S., Taiwan’s Office of Trade Negotiations (OTN) has been seeking to support their efforts through close cooperation with the U.S. government to facilitate bilateral economic relations. The Office points to two significant events this year: resumption of high-level trade negotiations with the U.S….
Despite being held virtually this year due to COVID-19 restrictions, BIO Asia-Taiwan 2021 gave attendees the chance to enjoy a broad range of presentations, panel discussions, and business networking opportunities from the comfort of their homes. For the first time in its history, BIO Asia-Taiwan went completely online this year. The event, which took place…
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…
Taiwan has capitalized on the U.S.-China trade dispute and superb pandemic control to revitalize its position as a technology hub. In less than three years’ time, Taiwan has rejuvenated its position in global supply chains. The exodus of manufacturers to China is ancient history. Instead, many of them have been choosing to come home, first…
