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Taipei, Taiwan CNN —Two Taiwan police officers are under investigation after a botched sting operation led to a minor being sexually assaulted, prompting public uproar and an official apology from the local police department. According to the court verdict, Chang solicited sex from the girl, offering 5,000 New Taiwan dollars (about $160), and asked her for nude photos. The police put together a sting operation, with the girl agreeing to meet with Chang under the pretense of having sex with him, the verdict revealed. The guardian had agreed to the sting operation, the spokesperson added. The two officers involved in the sting operation have been referred to the district prosecutor’s office for investigation of their alleged negligence and failure in performing their duties, said the spokesperson.

Persons: Chang Ming, Chang Organizations: Taiwan CNN —, Taiwan, Taoyuan Police Department, Focus, Central News Agency Locations: Taipei, Taiwan, Zhongli, Taoyuan, Taoyuan city, Focus Taiwan

☆ Taiwan TSMC: Plans to invest $2.9 billion in new plant as demand for AI chips soars
▼ + stars: | 2023-07-25 | by ( Juliana Liu | ) edition.cnn.com time to read: +1 min

Hong Kong CNN —TSMC, the world’s largest chipmaker, says it plans to invest nearly 90 billion New Taiwan dollars ($2.9 billion) to build an advanced chip plant in Taiwan, as it expands production to meet booming demand for artificial intelligence (AI) products. Wei told analysts the company plans to roughly double its capacity for advanced packaging capacity in 2024 compared to 2023, in order to meet “strong demand” for AI chips from its customers, which include Nvidia (NVDA) and AMD (DOX). Advanced packaging in the semiconductor industry involves using high-tech methods to aggregate components from various wafers in order to create a more powerful computer chip. That’s the kind of AI underlying ChatGPT, Google (GOOGL)’s Bard, Dall-E and many of the other new AI technologies. TSMC is considered a national treasure in Taiwan, supplying semiconductors to global tech giants including Apple (AAPL) and Qualcomm (QCOM).

Persons: Hong Kong CNN — TSMC, C.C, Wei, “, TSMC, Dall Organizations: Hong Kong CNN, Nvidia, AMD, CNN, TSMC, Google, Apple, Qualcomm Locations: Hong Kong, Taiwan, Miaoli County, Hsinchu, Taipei, TSMC

☆ TSMC to invest $2.9 billion in advanced chip packaging plant in Taiwan
▼ + stars: | 2023-07-25 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

TSMC is the top producer of the world's most advanced processors, including the chips found in the latest iPhones, iPads and Macs. Taiwan Semiconductor Manufacturing Company plans to invest nearly $90 billion New Taiwan dollars (about $2.87 billion) in an advanced chip packaging plant in Taiwan, the company told CNBC on Tuesday. The facility will be located in Tongluo Science Park in northern Taiwan, TSMC said, adding the investment is expected to create about 1,500 local jobs. However, on the advanced packaging side, Wei said TSMC is experiencing "some very tight capacity." The Central News Agency reported that TSMC's packaging production capacity "is in short supply" as Nvidia and AMD compete for capacity.

Persons: TSMC, Wei, we're Organizations: Taiwan Semiconductor Manufacturing Company, CNBC, Central News Agency, Nvidia, AMD Locations: Taiwan

☆ Stocks making the biggest moves premarket: Netflix, Tesla, United Airlines and more
▼ + stars: | 2023-07-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Netflix posted earnings of $3.29 a share on $8.19 billion in revenue. However, IBM reported earnings that topped analysts' estimates as the company expanded its gross margin. United Airlines — Shares rose 3% after United Airlines reported record quarterly earnings and said it expects a strong third quarter as travel demand surges. During the period, the company reported a rebound in customer deposits. The company reported earnings of 92 cents a share on $2.35 billion in revenue.

Persons: Refinitiv, it's, Johnson, Horton —, Horton, Blackstone, Blackstone — Blackstone, Morgan Stanley, Bud Light, —, Macheel, Alex Harring, Jesse Pound, Yun Li Organizations: Netflix, IBM, Vegas Sands, Refinitiv, Taiwan Semiconductor, Taiwan Semi, Revenue, Discover, Discover Financial, United Airlines, Bancorp, American Airlines —, Airlines, Blackstone —, Anheuser, Busch Locations: Los Angeles , California, Vegas, Taiwan

A woman walks past a Taiwan Semiconductor Manufacturing Company (TSMC) logo at the Hsinchu Science Park in Hsinchu on July 5, 2023. (Photo by Sam Yeh / AFP) (Photo by SAM YEH/AFP via Getty Images)Taiwan Semiconductor Manufacturing Company , the world's largest chipmaker, posted a second-quarter profit plunge Thursday as demand for consumer electronics continues to slump. TSMC said business was impacted by macroeconomic headwinds "which dampened the end market demand, and led to customers' ongoing inventory adjustment." This is the company's first quarterly net income decline since the second quarter of 2019. Apple typically releases its latest iPhone in September so it is likely ordering chips from TSMC in the third quarter.

Persons: Sam Yeh, TSMC, Wendell Huang Organizations: Taiwan Semiconductor Manufacturing Company, Hsinchu Science, SAM YEH, Getty Images, Apple Locations: Hsinchu, Hsinchu Science Park, AFP, Taiwan

CNN —Parents of preschool children allegedly given sedatives by staff at a kindergarten in Taiwan have been protesting the government’s slow response to the incident. On May 14, three parents told local police that their children were irritable and showed self-harming behaviors between February and April this year. They said the children told them their teachers had given them drugs, Taiwan’s official Central News Agency (CNA) reported. The District Prosecutors Office in New Taipei City was first notified of a case involving the potential drugging of minors on May 15. The principal and four teachers from the kindergarten were questioned by police, CNA reported.

Persons: Lin Ching, Hou Yu Organizations: CNN, Central News Agency, CNA, Prosecutors, New, ih, Kuomintang Locations: Taiwan, New Taipei City

☆ A political drama series on Netflix has sparked a #MeToo wave in Taiwan
▼ + stars: | 2023-06-14 | by ( Reena Koh | ) www.businessinsider.com time to read: +4 min

The Taiwanese Netflix political drama "Wave Makers" has sparked a #MeToo wave in Taiwan. It triggered a series of sexual assault allegations that have rocked Taiwan's political scene. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA new Taiwanese political drama series on Netflix that premiered on April 28 has sparked a #MeToo wave in Taiwan. This line threw open the floodgates to a wave of sexual assault allegations. As part of the #MeToo wave, Chien also came forward with her own sexual assault story in a Facebook post on June 2.

Persons: —, Let's, Chen Chien, Chen, Hsu Chia, Chen Mei, Yan Chih, Lin Nan, Tsai Mu, Hsu, Tsai Ing, Tsai, Chien Li, Chien, Yan Shi, Lin Chun Organizations: Netflix, Service, Washington Post, Democratic Progressive Party, China Morning, University Locations: Taiwan, Washington, China

The TV series, an action-comedy-drama combination, is based on the 2006 graphic novel of the same name by Gene Luen Yang and premieres on Disney+ streaming service on Wednesday. He changed his mind, however, after being reassured by show producer Melvin Mar and series creator, Kevin Yu, and seeing the dedication of the Asian-led cast. The TV series follows high school student Jin Wang, played by Ben Wang, who struggles with his identity as he navigates both school and home life. “American Born Chinese” draws from Chinese folklore and Chinese and Japanese animation that is based on the 6th century Chinese novel “Journey to the West.”Beyond the kung fu action story, the show focuses on the challenges of Jin understanding his Chinese and American identities, while also going through the tribulations of being a teenager. "So, you feel really impotent, really powerless,”Reporting by Danielle Broadway and Rollo Ross Editing by Mary Milliken, Marguerita Choy and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ TSMC stake sold by Warren Buffett's Berkshire Hathaway
▼ + stars: | 2023-05-16 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Warren Buffett’s conglomerate has sold its remaining shares in the world’s largest chipmaker, TSMC, after the “Oracle of Omaha” sounded alarms about its homebase of Taiwan. In a Monday filing, Berkshire Hathaway (BRKA) disclosed that it was no longer holding a stake in Taiwan Semiconductor Manufacturing Company (TSM) as of the end of the first quarter. In February, Berkshire revealed it had sold 86% of its shares in TSMC, which were purchased for $4.1 billion just months before. As Berkshire Hathaway revealed its withdrawal Monday, other prominent investors made bets on the stock. According to a regulatory filing, Macquarie has increased its stake in TSMC, while Tiger Global has also bought in.

☆ Young people in Greater China are blowing their paychecks every month — even if they don't have to
▼ + stars: | 2023-04-13 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +7 min

"Yue guang zu" ("moonlight clan") refers young singles in Greater China who go broke at the end of each month, or live paycheck to paycheck. Hsu belongs to a group of people in Taiwan, typically young and single workers, called the "yue guang zu" — the so-called "moonlight clan." Eric Hsu Civil engineerBut when a serious knee injury took him out of work for two weeks without pay, Hsu realized he was unable to support himself. "Young people would rather give up that dream and spend money on things they are guaranteed to get today." After his experience, he canceled his credit cards two years ago and committed to saving one third of his salary each month.

☆ A new Taiwanese luxury airline is launching flights from Taipei to the US. See inside the swanky Airbus A350 flying the 12-hour route.
▼ + stars: | 2023-03-22 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

The airline's new flight to the US will be its first route outside of Asia. Starlux hoped to start long-haul flights sooner but its 2020 launch was unlucky timing as COVID halted travel about three months later. Starlux flies to nations throughout north and southeast Asia, like Japan, the Philippines, Singapore, and Thailand. Starlux Airlines

☆ Apple Supplier Foxconn Plans to Rely Less on China for Revenue
▼ + stars: | 2023-03-15 | by ( Joyu Wang | Yoko Kubota | ) www.wsj.com time to read: 1 min

Foxconn has been diversifying its production sites as well as the products it makes. TAIPEI— Foxconn Technology Group, one of Apple ’s biggest suppliers, said it would rely less on China as a source of revenue as it diversifies production sites to strengthen supply-chain resilience. About 70% of Foxconn’s revenue comes from China, said Young Liu , the company’s chairman. Going forward, the proportion coming from markets outside of China will continue to grow, he said in an earnings call Wednesday. Foxconn’s revenue in 2022 was 6.6 trillion New Taiwan dollars, equivalent to around $215 billion.

☆ 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.

☆ Taiwan is paying tourists to visit—here's what you need to know
▼ + stars: | 2023-03-06 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Places like Hong Kong and regions in Italy have turned to offering free travel and even free houses to encourage people to visit and to help boost their economies. The government is offering tourists 5,000 New Taiwan dollars (about $163 USD) per traveler or NT$20,000 (about $653 USD) for up to 90,000 tour groups. Taiwan is focusing on attracting more visitors from places like Japan, South Korea, Southeast Asia, Hong Kong and Macao, Europe, and the U.S. According to the Taiwan Tourism Bureau, it saw under 900,000 visitors in 2022 compared to a record 11.8 million international tourists in 2019. It's still unclear when and how Taiwan will start distributing the digital tourist cards, as the government hasn't yet released its plan.

Taipei/Hong Kong CNN —Shares in Taiwan Semiconductor Manufacturing Company fell as much as 4% on Wednesday, after Warren Buffett’s Berkshire Hathaway disclosed that it had sold most of its holdings in the chip giant. Just months before, in November, the company held about 60 million American depository shares of TSMC worth $4.1 billion, according to an SEC filing. Berkshire Hathaway did not provide a reason for the sale and did not immediately respond to a CNN request for comment. Shares in TSMC, which accounts for an estimated 90% of the world’s super-advanced computer chips, ended Wednesday more than 3% lower. TSMC announced last year that it’s building a second semiconductor factory in Phoenix and increasing its investment there.

☆ U.S. firms in Taiwan making 'contingency' plans amid China tensions
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Feb 7 (Reuters) - Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise their business continuity plans amid tensions with China, while a growing number reported being impacted by those strains. China, which views democratically-governed Taiwan as its own territory, has been stepping up military drills across the Taiwan Strait since then-U.S. House Speaker Nancy Pelosi visited Taipei in August. "We are aware that companies are either initiating or renewing their planning efforts, operational contingency planning. We know that's going on," AmCham Taiwan President Andrew Wylegala told reporters. Reporting by Faith Hung; Editing by Ben Blanchard and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ Apple will reportedly begin producing some MacBooks in Vietnam in 2023 as it shifts from China
▼ + stars: | 2022-12-20 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Apple will begin producing some of its MacBook computers in Vietnam next year, according to a Nikkei Asia report Tuesday. Apple was reportedly in talks in August to move some production for its Apple Watches, MacBooks and HomePods to Vietnam. Now, the company's assembly partner Foxconn could begin producing MacBooks in the country as soon as May of 2023, according to Nikkei Asia. Nikkei Asia said the company has been planning to shift some of its MacBook production to Vietnam for the last two years. Meanwhile, Apple CEO Tim Cook has committed to buying U.S.-made chips from a new Taiwan Semiconductor Manufacturing factory in Arizona.

☆ TSMC bucks broader chip slump with 50% revenue surge, helped by Apple iPhone orders
▼ + stars: | 2022-12-09 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

TSMC makes chips for a wide array of companies, including the latest semiconductors for Apple and Qualcomm as well as SoftBank -owned Arm. TSMC , the world's largest contract chipmaker, on Friday reported a surge in revenue in November thanks in part to orders of semiconductors for high-end smartphones such as Apple's iPhone. In October and November, TSMC's revenue totaled around $14.1 billion. Apple CEO Tim Cook also attended the event and said the iPhone maker would buy TSMC's U.S.-made chips. While TSMC's November revenue is getting a boost from Apple, analysts are worried about weaker orders next year.

☆ Foxconn’s November Revenue Fell 11% After Covid Outbreak at iPhone Factory
▼ + stars: | 2022-12-05 | by ( Kosaku Narioka | ) www.wsj.com time to read: 1 min

Foxconn said in its monthly revenue report that the Covid situation is under control and it is moving toward restoring normal production capacity. Foxconn Technology Group ‘s November revenue dropped 11% from a year earlier after shipments from Zhengzhou, China, the world’s biggest iPhone assembly site, were affected by a Covid-19 outbreak, the company said Monday. Foxconn’s November revenue fell to 551.1 billion new Taiwan dollars, equivalent to $18 billion, from NT$621.7 billion a year earlier, the company said.

☆ iPhone maker Foxconn reports slump in revenue after unrest and Covid outbreak at key China plant
▼ + stars: | 2022-12-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Foxconn workers at Taiwanese firm's Zhengzhou, China factory, walked out over a pay dispute with the company. The Zhengzhou factory is estimated to account for more than 70% of Apple's global assembly of iPhones. Foxconn, the world's largest contract electronics maker, on Monday reported a sharp drop in November revenue after the company struggled with a Covid outbreak and worker unrest at the world's biggest iPhone factory in China. In a bid to entice workers back to the factory, Foxconn announced a round of bonuses last month. Investors will now be watching for any impact on Apple , given its reliance on the Zhengezhou factory for global iPhone production.

☆ 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.

☆ Workers are fleeing from Foxconn, China's biggest iPhone factory, by climbing over fences and walking down highways on foot amid COVID fears, photos and videos show
▼ + stars: | 2022-10-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Workers are reportedly fleeing the world's largest iPhone factory in droves, amid a Covid outbreak. Dramatic photos and videos of Foxconn workers escaping the Zhengzhou compound have made their way online. Foxconn said it's continuing to implement pandemic prevention measures in Zhengzhou park, including setting up a 24-hour hotline for employees. The Foxconn outbreak happened just as Apple enters the crucial holiday quarter for retail trade. Foxconn shares are flat on Monday, trading at 45.50 New Taiwan Dollars, or $1.41 apiece, on the Taiwan Stock Exchange.

☆ Stay invested in chip stocks, says one fund manager — who reveals how he’s trading the sector
▼ + stars: | 2022-10-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The MSCI Semiconductor Index , a benchmark for chip stocks that's down by 43% this year, reflects the wider market's sentiment toward a potential slowdown in economic growth. In such an environment, some investors have begun to ask whether it might be prudent to dump chip stocks in favor of companies in other outperforming sectors. The portfolio manager revealed that he prefers holding on to Taiwan Semiconductor Manufacturing Company despite a 35% decline in the company's shares this year. The chip sector has historically run in boom and bust cycles. During economic growth, consumer demand for computers, laptops, and phones outstrips semiconductor manufacturing capacity, making the sector very profitable.

☆ Taiwan eyes mid-October end to COVID quarantine on road to re-opening
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

Taiwan has reported six million domestic cases since the beginning of the year, driven by the more infectious Omicron variant. With more than 99% of those showing no or only mild symptoms, the government has relaxed rather than tightened restrictions in its "new Taiwan model". If "everything is under control", the government is aiming to end mandatory quarantine for all arrivals from around Oct. 13, with arrivals rising to 150,000 a week, Lo said. Those who test positive, however, still need to quarantine at home or in designated hotels, the government said. Before the pandemic, Taiwan was a popular tourist destination for mainly Asian visitors, with Japan, South Korea and Southeast Asia the most important markets.

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