A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Ørsted signs investment agreement for Taiwan wind farm Danish wind power developer Ørsted signed an investment agreement in late December with Canadian institutional investor CDPQ (Caisse de dépôt et placement du Québec) and local investor Cathay PE. Under…

 A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taipei’s TOPICS ASE plans expansion in southern Taiwan  On December 16, semiconductor packaging and testing giant ASE, along with Chunghwa Telecom and major wafer producer Qualcomm, announced at a press conference that they would begin construction on the world’s first…

U.S., Taiwan Hold Economic Talks The inaugural U.S.-Taiwan Economic Prosperity Dialogue (EPP) was held in mid-November. The nine-hour talks took place both virtually and through physical meetings in Washington, D.C. and culminated in a five-year memorandum of understanding between the two sides.  Among the topics discussed during the EPP were bilateral economic cooperation in the…

Stimulus Voucher Program Expanded The popular triple stimulus voucher program introduced by the Taiwan government in July has been expanded to include Alien Permanent Residency Certificate (APRC) holders and foreign diplomats. Starting from November 16, Taiwan’s approximately 13,000 permanent residents and 1,400 diplomatic personnel can purchase the vouchers, which cost NT$1,000 and are valued at…

This August, the Ministry of Economic Affairs (MOEA), in partnership with U.S. tech multinational Cisco Systems, announced the launch of a 5G “open lab.” The initiative creates a platform where Taiwanese suppliers can apply to develop a range of 5G-related hardware and software, including small-cell base stations, IoT devices, and network switches, via Cisco’s cloud-based…

DBS economist Ma Tieying takes the most bullish view of Taiwan’s economic prospects for 2021, forecasting GDP growth of 4.2%. The most cautious position among those interviewed for this report was from Yuanta-Polaris Research Institute President Liang Kuo-yuan, whose forecast is “at least 3%.” In between is the government’s own statistics agency, which expects growth…