Last December, Taiwan’s Financial Supervisory Commission (FSC) announced the easing of requirements for foreign finance professionals, part of the government’s plans to make Taiwan an Asia-Pacific financial hub. The work experience requirement for senior financial executives applying for the Employment Gold Card – a special work visa that incorporates an alien resident certificate, open work…

A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Microsoft begins hiring to boost Taiwan R&D Microsoft announced on February 5 that it would work to make Taiwan a global technology research and development hub. The company said it is confident in the island’s strong integration of…

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…

By Austin Babb and Jason Wu Economic Diversity Through New Tech In a recent interview with the Central News Agency (CNA), Minister of Economic Affairs Wang Mei-hua noted that in addition to Taiwan’s robust semiconductor industry, the rise of 5G and electric vehicles (EV) offer an opportunity for the island’s economy to diversify. Taiwan’s exceptional…

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…

The U.S.-China trade dispute has brought significant changes in markets and industries around the world, and at first it appeared that Taiwan would suffer a severe negative effect. In the early months of the dispute, the imposition of heavy tariffs and other trade barriers began impacting Taiwanese companies whose manufacturing processes take place mainly in…

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…