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☆ US officials to visit Taiwan to explain chip curbs, minister says
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

Taiwan Economy Minister Wang Mei-hua speaks during an interview with Reuters in Taipei, Taiwan, September 30, 2021. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Dec 4 (Reuters) - U.S. officials plan to visit Taiwan to explain to companies details of new curbs, primarily aimed at China, on advanced chip exports, the island's economy minister said on Monday. Taiwan Economy Minister Wang Mei-hua said some details of the extremely long new U.S. rules needed explanation. Given the concentration of chip making in Taiwan it was "advantageous" for Taiwanese companies to hear the details of the new controls from the U.S. officials, Wang said. Taiwan's official Central News Agency said the U.S. officials, who it did not name, would visit Taiwan next month and hold events in the chip hubs of Hsinchu and Tainan.

Persons: Wang Mei, Ann Wang, Biden, chipmaker TSMC, Wang, Ben Blanchard, Jeanny, Bernadette Baum, Barbara Lewis Organizations: Reuters, REUTERS, Rights, Nvidia, Beijing, U.S, Central News Agency, The U.S . Commerce Department, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, U.S, Hsinchu, Tainan, The

Terry Gou, the founder of Taiwan's Foxconn, makes a speech at Banqiao Cihui Temple in New Taipei City, Taiwan October 29, 2023. In a statement, Gou thanked his backers for their "enthusiastic support" and vowed to work hard to achieve "peace across the Taiwan Strait". While China's government has not confirmed the Foxconn investigation, Lai has assailed Beijing for targeting the firm. "Aren't we all waiting to see if Terry Gou will run until the end?" Foxconn says Gou no longer has anything to do with the company's day-to-day operations, though he remains its largest single shareholder.

Persons: Terry Gou, Taiwan's, Ann Wang, Gou, Lai Ching, Lai, detests Lai, Wellington Koo, Foxconn, Young Liu, Liu, Jeanny Kao, Yimou Lee, Ben Blanchard, Jacqueline Wong Organizations: REUTERS, Rights, Apple, Democratic Progressive Party, Taiwan's National Security Council, Thomson Locations: New Taipei City, Taiwan, Rights TAIPEI, Ukraine, China, Beijing

The logo of Foxconn is seen outside the company's building in Taipei, Taiwan November 10, 2022. Foxconn is facing a tax probe in China, two sources close to the company said on Monday, confirming a report in China's state-backed Global Times. China claims Taiwan as its own territory and Beijing detests Lai, whom it believes is a separatist. Speaking at a news conference in Taipei and asked about Beijing's probe into Foxconn, Lai said China should "cherish and treasure" Taiwanese companies given their help in that country's economic development. Taiwanese companies will lose their confidence in China and if they feel scared will shift production elsewhere, which will be a big loss to China, Lai added.

Persons: Ann Wang, Lai Ching, Terry Gou, Lai, Beijing detests Lai, Foxconn, Gou, Ben Blanchard, Jeanny Kao, Jacqueline Wong, Jamie Freed Organizations: REUTERS, Rights, Taiwan, Apple, Foxconn, Global Times, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, Beijing, China's, India, Taiwan Strait

Analysts say its new product launches could mark a first step in the company's come-back efforts to rival Apple. "It (Huawei) can manage the psychological expectations of the target consumer group before Apple's press conference," said Ivan Lam, an analyst at Counterpoint. Sino-U.S. friction has worsened in recent years as Washington tries to restrict China's access to key technologies including cutting-edge chip technology, and Beijing looks to reduce its reliance on American tech. The U.S. Commerce Department said late Thursday it's working to obtain more information "on the character and composition" of the new Huawei chip that may violate trade restrictions. White House National Security Adviser Jake Sullivan told reporters on Air Force One the U.S. government is trying to get more information about the Huawei chip.

Persons: Ann Wang, Ivan Lam, Jake Sullivan, Rick Meckler, Taiwan's TSMC, Ben Blanchard, Jeanny Kao, Brenda Goh, Jason Xue, Yelin, Sam Nussey, Miyoung Kim, Clarence Fernandez Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Huawei, Apple, U.S, China's, Analysts, Reuters, Bank of America, Street, Washington, U.S . Commerce Department, National, Air Force, Qualcomm, Broadcom, Texas, Cherry Lane Investments, Tokyo, ASE Technology, Luxshare Precision Industry, Semiconductor, Technology, Semiconductor Manufacturing International Corp, Thomson Locations: Hsinchu, Taiwan, Rights TAIPEI, U.S, Beijing, China, Asia, Japanese, iPhones, Shenzhen, Shanghai, Yelin Mo, Tokyo

☆ Shares of Apple suppliers fall on reports of China iPhone curbs
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

Taiwan's TSMC (2330.TW), the world's largest contract chipmaker and a major Apple supplier, dropped about 0.7%, outpacing a fall of about 0.3% in the benchmark index (.TWII). China could well expand its curbs on officials' use of iPhones, said Allen Huang, executive director of Mega International Investment Services Corp in Taipei. In China, Luxshare Precision Industry (002475.SZ), maker of connector cables for the iPhone and MacBook as well as AirPods, which also owns factories capable of making iPhones, fell 1.5%. Japanese chip equipment maker Tokyo Electron (8035.T) dropped 4% on Friday. Nearly a fifth of Apple's revenue is generated in China, where thousands of workers are employed by the company and its suppliers.

Persons: Ann Wang, Taiwan's TSMC, Allen Huang, Huang, Tim Cook, Ben Blanchard, Jeanny Kao, Brenda Goh, Sam Nussey, Edmund Klamann, Clarence Fernandez Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Apple, company's, Staff, Reuters, ASE Technology, Co, Largan, Mega International Investment Services Corp, Huawei Technologies, Luxshare Precision Industry, Huawei, Tokyo, Thomson Locations: Hsinchu, Taiwan, Rights TAIPEI, China, outpacing, Taipei, iPhones, Beijing, Shanghai, Tokyo

Some analysts feel the Huawei moves could be a first step in comeback efforts by China's "national champion" to rival Apple. By contrast with the hit for Apple suppliers, Huawei's extended recent gains. Reuters GraphicsSCOPE OF CURBS UNCLEARIt was not immediately clear how wide China's iPhone curbs are, but one employee at an affected state-owned enterprise (SOEs) in the capital said they extended to visitors. However, Canalys analyst Nicole Peng said Huawei could present a greater threat to domestic peers, such as Honor, which had benefited from Huawei's woes. The U.S. Commerce Department is seeking more information on the "character and composition" of the new Huawei chip that may violate trade curbs, it said on Thursday.

Persons: Ann Wang, chipmaker TSMC, China's, Ivan Lam, Ming, Chi Kuo, Nicole Peng, TechInsights, Jeanny Kao, David Kirton, Jason Xue, Yelin Mo, Ellen Zhang, Sam Nussey, Miyoung Kim, Clarence Fernandez Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Huawei, Apple, Largan, Industry, Semiconductor Manufacturing International Corp, Reuters, Bank of America, TF International Securities, Street, Washington, U.S . Commerce Department, Shanghai Newsroom, Thomson Locations: Hsinchu, Taiwan, Rights SHANGHAI, TAIPEI, U.S, Beijing, Taipei, TW, iPhones, China, Shenzhen, Shanghai, Tokyo

☆ Taiwan pitches deeper Europe engagement after TSMC Germany investment
▼ + stars: | 2023-08-09 | by ( Ben Blanchard | ) www.reuters.com time to read: +3 min

TAIPEI, Aug 9 (Reuters) - Taiwan chipmaker TSMC's (2330.TW) 3.5 billion euros ($3.83 billion) investment in Germany will drive deeper engagement between the island and Europe, Taiwan's economy minister said on Wednesday, pitching the political benefits of the deal. "TSMC's investment in Europe will help bring even closer cooperation between Taiwan and the EU," Taiwan Economy Minister Wang Mei-hua told reporters in Taipei, when asked if signing the BIA would get more Taiwanese chipmakers to the bloc. Taiwan has repeatedly called for progress on a BIA with the European Union. The EU included Taiwan on its list of trade partners for a potential bilateral investment agreement in 2015, but it has not held talks with Taiwan on the issue since. The TSMC investment in Germany will need approval by Taiwan's economy ministry, and Wang said they will also consider the company's "vigorous" investments at home when weighing the German plans.

Persons: Wang Mei, Wang, TSMC, Ben Blanchard, Jeanny Kao, Stephen Coates Organizations: European Union, BIA, Washington, EU, Trade Organisation, Reuters, Thomson Locations: TAIPEI, Taiwan, Germany, Europe, Beijing, Taipei, United States, Japan

☆ TSMC talking to US about CHIPS Act 'guidance' amid subsidy concerns
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, April 10 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) said on Monday it is communicating with Washington about its "guidance" for a law designed to boost U.S. semiconductor manufacturing that has sparked concerns about subsidy criteria. "We can confirm that we are communicating with the U.S. government about the CHIPS ACT guidance," TSMC, the world's leading contract chipmaker, said in a short emailed statement. Taiwan Economy Minister Wang Mei-hua told reporters on Monday that TSMC was specifically talking to the United States about the details of the subsidies. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is investing $40 billion in a new plant in the western U.S. state of Arizona, supporting Washington's plans for more chip-making at home. The subsidies would come from a $52 billion pool of research and manufacturing funds earmarked under the CHIPS Act.

☆ Taiwan says soldier who went missing has been found in China
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, March 13 (Reuters) - A Taiwanese soldier serving on an islet close to the Chinese coast who went missing last week has been found in China, a senior Taiwan minister said on Monday, an incident that has happened amid heightened tensions. Speaking to reporters in parliament, Chiu Tai-san, head of Taiwan's China-policy making Mainland Affairs Council, said the soldier was in China. The defence ministry and relevant departments are actively aware of the relevant progress and situation," he said. China, which views Taiwan as its own territory, has over the past three years stepped up its military and political pressure to try and get Taiwan to accept Chinese sovereignty. During the height of the Cold War, defectors from both sides would on occasion swim between China and Kinmen.

☆ Taiwan Q4 GDP unexpectedly shrinks, worst performance in 13 years
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

For the October-December period, annual gross domestic product (GDP) contracted by 0.86% from the same period a year earlier, compared with 4.01% growth for the previous quarter, preliminary data from the statistics agency showed on Wednesday. That was worse than an increase of 1.3% forecast in a Reuters poll, and the worst quarterly performance since the economy contracted 1.13% in the third quarter of 2009, when the world was dealing with a financial crisis. Compared with the previous quarter, Taiwan's economy contracted 4.24% at a seasonally adjusted annual rate. Taiwan will release revised GDP figures at a later date, yet to be set, including full-year growth forecasts for 2023. In November, the statistics agency revised down its full year 2023 outlook to 2.75% from a previous forecast of 3.05%.

☆ Taiwan to give cash payouts to citizens in 'New Year blessing'
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] People wearing face masks as precaution against the coronavirus disease (COVID-19) shop at a market in Keelung, Taiwan April 28, 2022. REUTERS/I-Hwa ChengTAIPEI, Jan 4 (Reuters) - Taiwan plans to give cash payouts of nearly $200 to every citizen this year, Premier Su Tseng-chang announced on Wednesday, saying the island's economic growth will be shared by everyone. Su said a total of T$140 billion, part of the tax revenue, would be spent as cash payouts and each citizen would get T$6,000 ($195.61). "We wish to give all citizens a New Year blessing after the beginning of the Lunar New Year," Su told reporters, referring to the week-long holiday that starts on Jan. 20. $1 = 30.6740 Taiwan dollars)Reporting By Yimou Lee and Jeanny Kao; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ Taiwan president offers China help to deal with COVID surge
▼ + stars: | 2023-01-01 | by ( Jeanny Kao | ) www.reuters.com time to read: +3 min

TAIPEI, Jan 1 (Reuters) - Taiwan President Tsai Ing-wen on Sunday offered to provide China with "necessary assistance" to help it deal with a surge in COVID-19 cases, but said Chinese military activities near the island were not beneficial to peace and stability. Taiwan and China have repeatedly sparred over their respective measures to control the spread of COVID. China had criticised Taiwan for ineffective management of the pandemic after soaring domestic infections last year, while Taiwan has accused China of a lack of transparency and trying to interfere with vaccine supplies to Taiwan, which Beijing has denied. "But I want to remind people - the military activities of the People's Liberation Army near Taiwan are not at all conducive to cross-strait relations nor regional peace and stability," she added. China staged war games near the island in August after then-U.S. House Speaker Nancy Pelosi visited Taipei, and those military activities have continued.

☆ Taiwan to plough $12 bln in excess tax revenue back into economy in 2023
▼ + stars: | 2022-12-31 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Dec 31 (Reuters) - Taiwan will plough an extra T$380 billion ($12.43 billion) in tax revenue back into the economy in 2023 to help protect the island from global economic shocks, including subsidies for electricity prices, President Tsai Ing-wen said on Saturday. Tsai, in a statement from her office following a meeting of senior economic officials, said the government must make preparations in advance for the "more severe challenges" the global economy faces in 2023. For 2023, it projected GDP would grow 2.53%, compared with an earlier forecast of 2.9%. The economy grew 4.01% in the third quarter from a year earlier. ($1 = 30.5770 Taiwan dollars)Reporting by Jeanny Kao; Writing by Ben Blanchard; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Foxconn fine for unauthorised China investment likely to be imposed soon - source
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Dec 19 (Reuters) - Foxconn (2317.TW), the world's largest contract electronics maker, is likely to be fined soon by Taiwan's government for an unauthorised investment in a Chinese chip maker, a person with direct knowledge of the situation said on Monday. Taiwan said on Saturday it would fine Foxconn over the investment. Taipei also prohibits companies from building their most advanced chip foundries in China to ensure they do not site their best technology offshore. Taiwanese law states the government can prohibit investment in China "based on the consideration of national security and industry development". Foxconn has been seeking to acquire chip plants globally as a worldwide chip shortage rattles producers of goods from cars to electronics.

TSMC's Arizona factory has sparked concerns in Taiwan, where semiconductor manufacturing is the backbone of the economy, about a "goodbye to Taiwan" trend among chip firms. "TSMC's research and development centre is in Taiwan, the complete supply chain is here," she said. "Taiwan has a complete supply chain, a complete system, and the backing of the government. Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), , as it is formally called, has repeatedly said that the bulk of its manufacturing will remain in Taiwan. It is also encouraging more foreign tech firms in the chip supply chain to invest in Taiwan.

☆ Taiwan Oct export orders down more than expected; outlook tough
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +3 min

Export orders, a bellwether for global technology demand, shrank 6.3% in October from a year earlier to $55.4 billion, the Ministry of Economic Affairs said on Monday. The ministry added that it expected export orders this month to be lower by 14.5% to 17.6% than in November 2021. Taiwan's October orders from China plummeted 26.7% from a year earlier, versus September's annual fall of 27.9%. Taiwan's orders from the United States edged up 1.2% from a year earlier, slower than the rise of 2.8% the previous month. Export orders from Europe rose 4.3%, versus September's annual rise of 9.6%.

☆ Taiwan to boost energy inventories amid China threat
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Oct 24 (Reuters) - Taiwan is working to increase energy inventories in a move to boost the island's resilience in the event of a crisis, a deputy economy minister said, as China stepped up military pressure to try to force Taiwan to accept Chinese rule. Tseng said coal inventories would be increased in the coming years while those for crude would continue at a level of more than 100 days. He declined to give details as making such information public "does no good to Taiwan." China claims Taiwan as its own territory and has ramped up military and political pressure against the island over the past two years. Register now for FREE unlimited access to Reuters.com RegisterReporting By Jeanny Kao and Yimou Lee.

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