Reliance on China has never been riskier for Taiwan’s semiconductor sector. Industry giants like TSMC are now investing to increase production capacity in the U.S. as means of threading the needle on the American tech dispute with China. China has long exerted a gravitational pull on Taiwan’s semiconductor industry. The China market’s size, proximity, and…
While 2020 was an extremely challenging year for individuals and companies throughout the world, one industry managed to experience substantial growth of an estimated 8.4% globally. That industry was semiconductors, producers of the tiny chips that power virtually all of the world’s electronic devices, handsets, tablets, and computers. And nowhere was the production of these…
A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Semiconductor and automotive chips updates The global supply shortage of automotive chips has forced German automakers Volkswagen and Audi to halt production, prompting the German Economics Minister to look to Taiwan for help. Taiwan’s Economics Minister Wang Mei-hua…
A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Pegatron enters Tesla supply chain Apple supplier Pegatron has recently expanded its cooperation with U.S. car producer Tesla. According to news sources, Pegatron has recently entered Tesla’s charging station supply chain and is expected to move into mass…
COVID-19 has brought a spike in global demand for various types of information and communication technology – both in terms of goods and services. As a result, Taiwan has been among the few countries to have maintained a positive economic growth rate despite the pandemic. However, some of this demand is likely to be a…
Taishin Acquires Prudential Taiwan Taiwanese financial services firm Taishin Financial Holdings announced in August its 100% acquisition of Prudential Life Insurance Company of Taiwan for NT$5.5 billion (US$186.24 million). The deal comes after a series of bids were submitted to purchase the New Jersey-based insurance company’s Taiwan subsidiary, which has a staff of 700 sales…
Insights from SEMI Taiwan’s Terry Tsao When Terry Tsao heard President Tsai Ing-wen mention semiconductors as one of the six core strategic sectors the Taiwan government would focus on over the next four years during her inaugural address this May, he says he almost cried with happiness. The chief marketing officer and president of the…
Much of Taiwan’s industry is being transformed by the introduction of AI technologies, particularly in the areas of manufacturing and healthcare. Industry the world over is experiencing some radical changes, propelled by the continued development and application of AI technology across a wide variety of different fields. While in most countries everything from finance and…
Synopsys VP of Sales and President of Synopsys Taiwan Robert Li knows business, but it took him a while to get there. Returning to Taiwan with a Ph.D. in electrical engineering from the University of Southern California in the early 90s, when Taiwan’s ICT industry was really taking off, Li soon found that he could…
The novel coronavirus outbreak is set to do damage to Taiwan’s tech hardware exports, but the severity of the blow will depend on the length of the crisis. Taiwan has undeniably reaped some benefits from the U.S.-China trade dispute as local manufacturers repatriate supply chains from across the Taiwan Strait. Exports to the U.S. have…
