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…

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…

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…

Five years after its implementation, the Tsai government’s flagship policy initiative aimed at boosting engagement with South and Southeast Asian countries has delivered some encouraging economic results. But observers say that to fulfill the policy’s goal of developing more comprehensive relations, a greater focus on people-to-people ties is needed. Taiwan’s Executive Yuan reported this September…

Taiwan this year experienced its steepest economic growth in more than a decade. But a slower pace is expected in 2022 due to the higher base, more normalized demand, and supply chain adjustments. Despite semiconductor shortages, shipping logjams, energy price hikes, and the uneven distribution of coronavirus vaccines, the global economy in 2021 has bounced…

— By Brian Tsui and Grace Faerber Taiwan Opens Rep Office in Lithuania Taiwan last month opened its Taiwanese Representative Office in Lithuania, the first of the island’s de facto embassies in Europe to use the name “Taiwan.” In response, China has downgraded its diplomatic representation in Lithuania to that of charge d’affaires. According to Lithuanian…