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 Sheherzad Jamal TSMC Stocks Tumble While Revenue Climbs TSMC stock prices in July reached their lowest value in the last two years at NT$433 per share. Goldman Sachs lowered its initial stock price target from NT$912 to NT$857 per share, noting that high inflation and a higher base period in 2022 are likely to…
Taiwan’s government has taken immediate steps to implement export controls and other measures to limit economic activity between Taiwan and Russia following the latter’s invasion of Ukraine. Within a day of Russia’s February 24 invasion of Ukraine, Taiwan’s Ministry of Foreign Affairs announced that it would join the U.S., EU countries, and other nations in…
By Hannah Chang, Commonwealth Magazine Ambitions to manufacture in the U.S. closer to major customers have led TSMC to set up shop in America. The project and related supply chain relocation pose numerous challenges, from cost control to talent recruitment and management techniques in a different culture. Michelle Chang, director of the Taiwanese Chambers of…
By Dexter Murray Another Evergreen Vessel Stranded Nearly a year after a cargo ship owned by the Taiwanese shipping company Evergreen Maritime Corp. caused a six-day-long traffic jam in the Suez Canal, another Evergreen ship has run aground off the U.S. coast. The ship, called the Ever Forward, hit ground on March 13 in Chesapeake…
As more countries look to diversify their supply chains, Taiwan has a chance to strengthen its position in the global economy. But is its infrastructure robust enough to support expanded business? Over the past few years, the U.S. and Taiwan have intensified their efforts to reduce reliance on China in their supply chains as a…
A global shift in the auto industry toward electric has encouraged a number of Taiwanese startups and traditional electronics makers to seek out new market opportunities by focusing more production on EV components and systems. Some, such as tech hardware giant Foxconn, hope to design and sell complete EVs, competing with established industry players. Taiwan…
Plans by a growing number of international technology companies to begin designing their own semiconductor products – and by governments to develop domestic chipmaking capabilities – could bring some disruption to the market. Yet Taiwan’s ability to produce chips efficiently and at a relatively low cost should ensure its continued growth and success. Taiwan’s production…
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…
