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"The fourth quarter should see significant growth compared to the third quarter," it added, without elaborating. Foxconn, formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$660.7 billion ($20.46 billion), down 19.7% year-on-year but soaring 60.1% from August. Revenue in its smart consumer electronics products, including smartphones, saw strong growth month-on-month "due to new product launches in September", Foxconn said. Foxconn is the world's biggest iPhone assembler, but has been trying to diversify into electric vehicles. It added that September year-on-year revenue for cloud and networking products, which includes servers, declined due to "conservative customer pull-in".

Persons: Dado Ruvic, Foxconn, Ben Blanchard, Sarah Wu, Kim Coghill Organizations: REUTERS, Apple, Hai Precision Industry Co, Revenue, Thomson Locations: TAIPEI, Taipei, Taiwan

Taiwan's constitution states that the Republic of China is a sovereign state, and that has been a consensus shared by all Taiwan's main political parties. The Republic of China government fled to Taiwan in 1949 after losing a civil war with Mao Zedong's communists, who set up the People's Republic. "It is because if he is elected as the leader of Taiwan, he may come to advance his goal of Taiwan independence, which will provoke a crisis across the Taiwan Strait." China's Taiwan Affairs Office said his comments were "weird" and "deceitful" given that his "Taiwan independence nature" had not changed. China has demanded Taiwan's government accept that both sides of the Taiwan Strait belong to "one China," something Tsai and Lai have refused to do.

Persons: William Lai, Carlos Garcia Rawlins, Lai, Tsai Ing, Mao Zedong's, Wu Xinbo, Joseph Wu, George Yin, Yin, Tsai's, Lai ., Xi Jinping, Taiwan's, Tsai, Meng Chih, cheng, Ben Blanchard, Sarah Wu, Martin Pollard, Casey, Sonali Paul Organizations: International Airport, REUTERS, Rights, Shanghai's Fudan University, National Taiwan University, Taiwan Affairs Office, Cheng Kung University, Casey Hall, Thomson Locations: United States, New York, Paraguay, Taoyuan, Taiwan, Rights TAIPEI, China, Beijing, Taiwanese, Republic of China, People's Republic of China, The Republic of China, Republic, Republic of Taiwan, Hong Kong, Shanghai

TAIPEI, Feb 23 (Reuters) - Taiwan's Delta Electronics Inc (2308.TW), a supplier of power components to companies such as Tesla Inc (TSLA.O), sees "at least" double-digit annual growth for the next five years driven by the electric vehicle (EV) boom, it said on Thursday. Chairman Yancey Hai, in bullish comments on a fourth-quarter earnings call, said the company was benefiting from the shift away from traditional gasoline-powered vehicles to EVs. "On average the company will grow at a double-digit rate for the next few years. Delta's shares have risen 1.2% so far this year, giving it a market value of $24.68 billion. ($1 = 30.3730 Taiwan dollars)Reporting by Ben Blanchard and Sarah Wu; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

The proposal comes in an amendment to a statute on industrial innovation put forward by the economy ministry, raising the corporate income tax break to 25% from 15%. "Facing the new competitive pressure brought about by the restructuring of the global supply chain, the future development of Taiwan's industry is at stake," the ministry said in a statement. In the wake of a global chip shortage, governments around the world have been touting incentives to bring chip production onshore. The European Commission this year also unveiled a 45 billion euros ($46.6 billion) chip plan. ($1 = 0.9653 euros)Reporting by Ben Blanchard and Sarah Wu; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

[1/2] Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/IllustrationTAIPEI, Nov 16 (Reuters) - Taiwan President Tsai Ing-wen has decried what she called "rumours" about the risk of investing in the island's semiconductor industry and said the government was working hard to ensure investments continued. But the Chinese military's menacing of the island to assert Beijing's sovereignty claims, especially after U.S. House Speaker Nancy Pelosi visited Taipei in August, is causing the chip industry to rethink the risk surrounding Taiwan. Tsai, who met with ASML Holding's (ASML.AS) chief operations officer Frederic Schneider-Maunoury on Tuesday, praised the European manufacturer of chip-making equipment for its commitment to investing in Taiwan. Reporting by Ben Blanchard and Sarah Wu; Editing by Christian Schmollinger and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Florence Lo/IllustrationTAIPEI, Nov 16 (Reuters) - Taiwan President Tsai Ing-wen has decried "rumours" about the risk of investing in the island's key semiconductor industry, saying the government was working hard to ensure such investments continued. But the Chinese military's menacing of the island to assert Beijing's sovereignty claims, especially after U.S. House Speaker Nancy Pelosi visited Taipei in August, is causing the chip industry to rethink the risk over Taiwan. Meeting Frederic Schneider-Maunoury, chief operations officer of ASML Holding NV (ASML.AS), a key equipment supplier to chip companies like TSMC, Tsai praised the European company for its commitment to investing in Taiwan. "I believe that this also discredits rumours of excessive speculation about Taiwan's risk," she added. Tsai said that investing in Taiwan was "definitely a very correct direction" and the government will continue to provide support.

"We will definitely work all out to adjust our production capacity and output, so there is no impact on demand for these two holidays," Liu said. On Wednesday, Foxconn said it would continue production in Zhengzhou under a "closed loop" system, where staff live and work on-site in a bubble isolated from the wider world. "Of course there may be other factors that require the reconfiguration of production capacity, such as geopolitics," Liu said. Having said on Monday it would "revise down" its fourth quarter outlook given the situation in Zhengzhou, Foxconn said revenue in the final three months of this year would be flattish. read moreReuters last month reported that Foxconn's production of Apple's iPhones at the Zhengzhou factory could slump by as much as 30% in November due to tight COVID-19 restrictions.

"We expect probably in 2023 the semiconductor industry will likely decline, but TSMC also is not immune," Wei told a media call. TOOL DELAYSTSMC, Asia's most valuable listed firm, cut its capital expenditure (capex) for 2022 to around $36 billion. "We say 2023 is still a growth year for TSMC, and the overall industry probably will decline," said Wei. Revenue for the quarter climbed 36% to $20.23 billion, versus TSMC's prior estimated range of $19.8 billion to $20.6 billion. Shares in TSMC have fallen almost 36% so far this year, giving it a market value of $323.7 billion.

TSMC's business has swelled thanks to a global chip shortage that was sparked by pandemic-fuelled sales of smartphones and laptops. Register now for FREE unlimited access to Reuters.com RegisterRevenue for the quarter climbed 36% to $20.23 billion, versus TSMC's prior estimated range of $19.8 billion to $20.6 billion. Shares in TSMC have fallen almost 36% so far this year, giving it a market value of $323.7 billion. The stock fell 0.6% on Thursday, compared with a 2.1% fall for the benchmark index (.TWII). TSMC has said it has seen little impact from the current down cycle in the chip sector and expected its capacity to remain tight because long-term demand for TSMC's chips was "firmly in place".

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