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☆ Taiwan flags space ambition with domestically developed weather satellite
▼ + stars: | 2023-07-14 | by ( Ann Wang | ) www.reuters.com time to read: +2 min

[1/4] Taiwan's President Tsai Ing-wen makes a speech at the shipment ceremony of Triton, Taiwan's first locally built weather satellite in Hsinchu, Taiwan July 14, 2023. REUTERS/Ann WangHSINCHU, Taiwan, July 14 (Reuters) - Taiwan's first domestically developed weather satellite shows its determination to develop its space industry, President Tsai Ing-wen said on Friday, lauding the programme as a step to take the island to the stars. "The Wind-Hunter Satellite is born-and-bred made in Taiwan," she said at Taiwan Space Agency in the northern city of Hsinchu, home to Taiwan's world-beating semiconductor industry, referring to it by its Chinese-language name. "The Wind-Hunter Satellite proves that with the advantages of Taiwan's semiconductor and precision manufacturing, it is absolutely capable of entering the global space industry," Tsai said, adding that the satellite showed Taiwan's determination to develop a space industry and participate in the space age. Triton will be launched into a circular low-earth orbit at an altitude of about 550-650 km (340-400 miles), according to the Taiwan Space Agency.

Persons: Tsai Ing, Triton, Ann Wang, Tsai, Vega, Elon, Safran, Ben Blanchard, Robert Birsel Organizations: REUTERS, Taiwan Space Agency, Hunter, SpaceX, Airbus, Thomson Locations: Hsinchu, Taiwan, Ann, Ann Wang HSINCHU, China, Guiana

☆ China-Taiwan tensions could grip 2024 election as top business leaders sound alarms
▼ + stars: | 2023-05-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +12 min

China's policy regarding Taiwan, the world's leader in the semiconductor industry, could end up making it an even bigger focus. The cross-strait strife has already provoked commentary from some top contenders in the Republican presidential primary race who have stressed the need to deter a possible Chinese invasion invasion of the island. But I think ultimately what I think China respects is strength," DeSantis said. 'Like trying to separate conjoined twins'But the political will to defend Taiwan in a Chinese invasion may clash with economic forces. Some CEOs of America's biggest banks have said they would pull their business from China if directed to do so following an invasion of Taiwan.

☆ Taiwan's wind industry braves cross-strait risks in clean energy boom
▼ + stars: | 2023-05-10 | by ( Sarah Wu | ) www.reuters.com time to read: +8 min

With large swathes of Taiwan's territorial waters restricted due to defense, shipping and other uses, offshore wind developers will soon run out of space. It's a question of whether you want to pay the price," insurance broker Clive Lin told offshore wind developers in a packed lecture hall in Taipei. Political risk insurance is typically not covered in mainstream insurance policies, so developers have to buy it additionally. The risk of a military confrontation and its impact on Taiwan's wind farms are hard to quantify, analysts say. "In a kinetic conflict invasion, Taiwan's going to have so many other problems, offshore wind is going to be way down on the list," Cancian said.

May 1 (Reuters) - Longtime Kleiner Perkins partner Wen Hsieh is leaving the Silicon Valley venture capital establishment to start a fund with backing from the firm and Taiwanese chipmaker TSMC (2330.TW), sources told Reuters. Hsieh is in advanced talks to raise $200 million from limited partners including Kleiner Perkins and TSMC for the new fund called Matter Ventures. A Kleiner Perkins spokesperson confirmed Hsieh's departure and the firm's participation in the fund. Hsieh, with two PhDs from the California Institute of Technology, has worked at Kleiner Perkins for 17 years, leading investments in Chinese drone maker DJI and 3D printing company Desktop Medal (DM.N). He will remain on the boards of companies he invested in at Kleiner Perkins, including orthodontic brackets maker LightForce.

☆ Traveling to Asia for work? This city is its most expensive business destination
▼ + stars: | 2023-03-22 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Hong Kong has been named the most expensive location in Asia for business travelers — for the second year in a row, according to a new report. watch nowTokyo, which dropped from second- to third-most expensive city in Asia, also experienced a 5% rise in daily costs for business travelers in local currency terms. "With average daily costs of $424 per day [in Tokyo], business travel to the city is now almost 20% cheaper than first-placed Hong Kong." "Even a tourist hub like Bangkok, which typically receives many business travelers, only saw a moderate 4% increase in business travel costs," Quane added. World's most expensive placeFor yet another year, New York received the dubious honor of being the most expensive place in the world for business travelers.

☆ TSMC: Taiwanese chipmaker plans to hire 6,000 employees in 2023
▼ + stars: | 2023-03-06 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Semiconductor giant TSMC plans to add more than 6,000 jobs this year, despite a broader slowdown in demand for chips. TSMC, which stands for Taiwan Semiconductor Manufacturing Company, produces an estimated 90% of the world’s super-advanced chips. TSMC announced last year that it’s building a second semiconductor factory in Phoenix, and increasing its investment there. The average salary for a new engineer based in Taiwan with a master’s degree would be 2 million New Taiwan Dollars (about $65,400), according to TSMC. That would equate to roughly 533,004 New Taiwan Dollars ($17,426) per year.

[1/4] Taiwan's Air Force's Mirage 2000-5 aircraft is seen at Hsinchu Air Base, in Hsinchu, Taiwan, January 11, 2023. REUTERS/Ann WangHSINCHU, Taiwan, Jan 11 (Reuters) - A Taiwan air force officer revealed details on Wednesday of a rare interaction between the island's military and NATO, describing how he had attended a six month academic programme with senior officials in Italy. Speaking to reporters on a trip to the Hsinchu air base in northern Taiwan, air force Lieutenant Colonel Wu Bong-yeng said he had attended a six month course at the NATO Defence College in Rome in 2021, returning to Taiwan in January last year. Taiwan's defence ministry told Reuters that Wu was not the first officer it had sent to the defence college. In August, China staged large-scale war games around Taiwan to express anger at then-U.S. House Speaker Nancy Pelosi visiting Taipei.

☆ Asia's year in review: Who had it good — and who had it bad — in 2022
▼ + stars: | 2022-12-15 | by ( Curtis Chin | Jose Collazo | ) www.cnbc.com time to read: +7 min

As the new year approaches, we turn again to our annual look at Asia's winners and losers. Government and business leaders in every major economy — China now included — may well hope 2023 is the year when draconian pandemic-related lockdowns become a matter of history. Underscoring the Taiwanese tech industry's critical role, a Semiconductor Industry Association (SIA)/Boston Consulting Group 2021 study found that 92% of the world's most advanced semiconductor manufacturing capacity is located in Taiwan. With numbers like those, Taiwan's semiconductor industry ends the year on the move, still building ties and winning growing support from business and government in the United States and elsewhere. Mixed Year: Asia's 'love' for cryptoAs in much of the world, investors in Asia — once bedazzled if not bewitched by the crypto industry — end the year in a mixed mood.

☆ Taiwan president resigns as party leader after election loss
▼ + stars: | 2022-11-26 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

TAIPEI, Taiwan — Taiwan President Tsai Ing-wen resigned as head of the ruling Democratic Progressive Party following local election losses on Saturday suffered by her party. Tsai had spoken out many times about “opposing China and defending Taiwan” in the course of campaigning for her party. “Faced with a result like this, there are many areas that we must deeply review.”Taiwan's President Tsai Ing-wen casts her ballot at a polling station in New Taipei City, Taiwan on Nov. 26, 2022. They’ve raised a local election to this international level, and Taiwan’s survival,” said Yeh-lih Wang, a political science professor at National Taiwan University. At an elementary school in New Taipei City, the city that surrounds Taipei, voters young and old came early despite the rain.

[1/5] Posters from Taiwan People's Party can be seen on the streets ahead of the election in Taipei, Taiwan, November 18, 2022. REUTERS/Ann WangTAIPEI, Nov 18 (Reuters) - China's belligerence towards Taiwan and the future of the island's democracy are taking centre stage in campaigns ahead of local elections next week, a key test of the ruling party's support before a presidential vote in early 2024. The Nov. 26 mayoral and councillor polls are nominally about domestic issues such as transport and the COVID-19 pandemic rather than China, which claims Taiwan as its own territory. "Russia has invaded Ukraine and Taiwan is facing the threat of China," Premier Su Tseng-chang told reporters this week. "The China issue is not an issue for local elections," he told Reuters.

☆ Tech investor Draper sours on China, says it has left the free market
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +3 min

[1/4] U.S. venture capitalist Tim Draper speaks to Reuters on his way to visit the National Space Organization in Taipei, Taiwan, November 14, 2022. REUTERS/Ann WangTAIPEI, Nov 15 (Reuters) - China is no longer a place to invest and has left "the free market" under President Xi Jinping, said U.S. venture capitalist Tim Draper, an early investor in Elon Musk's Tesla and SpaceX. "I used to be an investor in China," he told Reuters late on Monday after arriving in Taipei. "Then I got an early indication that China was going to leave the free market and I decided that that was not a place I wanted to invest," Draper said, without elaborating. "I'm just hoping that President Xi hasn't lost his mind completely," Draper said, referring to a potential Chinese attack on Taiwan.

☆ Taiwan-China, U.S.-China tensions 'serious' challenge for chip industry, TSMC says
▼ + stars: | 2022-10-19 | by ( Sarah Wu | ) www.reuters.com time to read: +3 min

HSINCHU, Taiwan, Oct 19 (Reuters) - Rising Taiwan-China and U.S.-China tensions have brought "more serious" challenges for the semiconductor industry, the chairman of Taiwanese chipmaker TSMC (2330.TW) said on Wednesday. Register now for FREE unlimited access to Reuters.com RegisterSpeaking at the Taiwan Semiconductor Industry Association's annual convention, TSMC Chairman Mark Liu said: "The U.S.-China trade conflict and the escalation of cross-Strait tensions have brought more serious challenges to all industries, including the semiconductor industry." In recent years, China's government has "never stopped promoting its domestic semiconductor industry", including chip design, manufacturing, and packaging, he added. The United States has also passed its CHIPS Act to vigorously support local research and development and manufacturing, Liu said. Liu said he looked forward to Taiwan's industry, government and academia developing "more concrete, constructive measures" on industrial policies related to innovation, research, talent education and retention "to maintain Taiwan's most critical semiconductor industry advantages".

☆ Apple chipmaker TSMC reportedly considers Japan expansion as China tensions continue
▼ + stars: | 2022-10-19 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Taiwan Semiconductor Manufacturing Company, Limited at Hsinchu Science Park. Shares of the world's largest chip maker Taiwan Semiconductor Manufacturing Company rose as much as 5% on Wednesday morning in Asia after Morgan Stanley recommended the stock. Computer chip manufacturer Taiwan Semiconductor Manufacturing Co. is weighing a potential expansion in Japan as tensions between China and the West continue to create challenges for the company, The Wall Street Journal reported Wednesday. The factory currently under construction in Japan is meant to focus on less-advanced chips used in automobiles, for example, but additional capacity could focus on more-advanced technology, the Journal reported. The U.S. has sought to reduce its reliance on foreign chip manufacturing by passing funding to help promote domestic production facilities.

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