Despite rising fuel costs and increased power demand, Taiwan’s electricity prices have remained unchanged for the past four years. With the budgets of state-run gas company CPC and electricity provider Taipower stretched thin, is it time to rethink subsidized power? Taiwan has some of the world’s lowest electricity prices. The question is why? With no…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS U.S. Request Rattles Taiwan Chipmakers The U.S. Department of Commerce on September 24 requested that semiconductor companies from around the world submit “information about inventories, demand, and delivery dynamics.” Information requested included the companies’ “book-to-bill” ratio – the…

As the world enters the post-pandemic era, its economy is undergoing a digital transformation expected to create an output of US$120 trillion by 2030, according to the World Economic Forum.  To ensure that Taiwan is at the forefront of this evolution, the Taiwan government’s National Development Council (NDC) has begun updating and adapting its development…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Taiwan Applies to Join Regional Trade Pact On September 22, the Executive Yuan announced that Taiwan had formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Taiwan submitted its application documents to New Zealand,…

What a “Digital Ministry” Could Mean for Taiwan

While plans for new digital agency are still being deliberated, both government insiders and industry players are weighing in on what form it should take and what its mandate should be. For an economy as heavily dependent on technology as Taiwan’s, fostering digital and technological transformation is increasingly vital. The government’s plans to establish a…

This year has brought unprecedented challenges to the global economy. As COVID-19 spread across the world over the past half year, supply chains are restructuring, the operating modes are changing, and the need for digital transformation is increasing. The virus has also given rise to numerous business opportunities in the digital realm, and under the…