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Foxconn (2317.TW) withdrew from the JV with the Indian metals-to-oil conglomerate on Monday, in a setback to Prime Minister Narendra Modi's chipmaking plans for India. "Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem." India expects its semiconductor market to be worth $63 billion by 2026, but Modi's plan has so far floundered. The $3 billion ISMC project is stalled because Tower is being acquired by Intel, while another $3 billion plan by IGSS was also halted because it wanted to re-submit its application, Reuters has reported. Like Foxconn, the Indian government has said the breakup of the JV had "no impact" on India's semiconductor plans, adding that both companies were "valued investors" in the country.

Persons: India Foxconn, Foxconn, Narendra Modi's chipmaking, Modi, IGSS, Ann Wang, Vedanta, Anil Agarwal, Vedanta's, Yimou Lee, Ben Blanchard, Tanvi Mehta, Aditya Kalra, Jacqueline Wong, Sonali Paul, Alexander Smith Organizations: India, JV, Vedanta, TW, Semiconductors, IGSS Ventures, ISMC, Intel, Reuters, REUTERS, Vedanta's, Vedanta Ltd, Vedanta Resources, Thomson Locations: chipmaking, India, TAIPEI, MUMBAI, Singapore, New Taipei City, Taiwan, Vedanta's India, Vedanta's London, Taipei, Mumbai, New Delhi, Pandya, Bengaluru

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

☆ Exclusive: Taiwan on alert for Chinese-funded election interference
▼ + stars: | 2023-06-21 | by ( Yimou Lee | ) www.reuters.com time to read: +5 min

"They hope to influence Taiwanese people by reaching out to the grassroots," said one Taiwan security official with direct knowledge of the matter. "They hope to influence swing voters who don't have particular political affiliation and would vote for whoever gives them benefits." It is illegal under Taiwanese law for an election campaign to receive money from "external hostile forces," including China. The report said the underground banking systems in Taiwan, which are widely known but difficult to regulate, could provide foreign exchange support. Some Taiwanese have been prosecuted in recent years over receiving illicit support from China in election campaigns.

Persons: Tsai Ing, China's, Wellington Koo, Tsai, Yimou Lee, Gerry Doyle Organizations: Reuters, National Security Council, Chinese Communist Party, Taiwan Affairs Office, Democratic Progressive Party, Mainland Affairs Council, Thomson Locations: TAIPEI, China, Beijing, Taiwan, Wellington, New Taipei City

Kinmen, Taiwan CNN —As the sun sets over Taiwan’s Kinmen islands, the neon lights of mainland China dazzle in the distance just 2.5 miles away. That lingering potential for invasion might make it seem like an unlikely place to construct a bridge to mainland China. Anti-invasion spikes along the coast of Taiwan's Kinmen islands. During a recent trip to Kinmen, Taiwan Vice President and DPP presidential candidate William Lai said he recognized the sacrifices of the islanders during decades of conflict. “The Taiwanese government looks at the Chinese military threat as something that cannot be accepted and we condemn it,” he added.

Persons: John Mees, Ko Wen, ”, Xi Jinping, Ho Chih, Sam Yeh, Kinmen, Yang Chien, ” Yang, “, Yang, Yang Pei, Huang Li, cheng, Tsai Ing, William Lai, Wu Chia, chiang, Nancy Pelosi, Kevin McCarthy, Joseph Wu, ” Wu, Maestro Wu Tseng, Maestro Wu Organizations: Taiwan CNN —, Communist, People’s Liberation Army, CNN, Democratic Progressive Party, Taiwan’s Presidential, Mainland Affairs Council, Chinese Communist Party, CCP, Mainland Affairs, Russo, Getty, Communist China's, Tourism Association, Communist Party, Xi, United States, Taiwan’s, Taiwan Locations: Kinmen, Taiwan, China, Beijing, Taipei, Taiwan’s, Xiamen –, Xiamen, Chinese, Ukrainian, Russia, Taiwan's, AFP, Jinsha, “, Fujian, California, Beijing’s

TAIPEI, May 17 (Reuters) - Taiwan's main opposition Kuomintang (KMT) party will pick New Taipei City mayor Hou Yu-ih to be its presidential candidate in the election next year, a senior party source told Reuters on Wednesday, with China tensions set to top the election agenda. The KMT favours close ties with China while the ruling Democratic Progressive Party (DPP) champions Taiwan's separate identity. The senior party source said the KMT will announce Hou as the presidential candidate later on Wednesday. A second party source said Hou is widely expected within the party to become the candidate. He has vowed to defend the Republic of China, Taiwan's official name, if it was attacked.

☆ As China Looms Over Taiwan’s Presidential Race, the Opposition Picks a Moderate
▼ + stars: | 2023-05-17 | by ( John Liu | Paul Mozur | ) www.nytimes.com time to read: +1 min

Once a dominant political force, Taiwan’s main opposition party lost the last two presidential elections in large part because it has promoted closer ties with China. Mr. Hou launched his bid with a rallying call. “We must unite for victory, especially at this stage when our country is facing fierce and dangerous international circumstances,” Mr. Hou said following the announcement of his nomination. His candidacy sets the stage for a tight race next January that could chart a new course for Taiwan in the big-power standoff between China and the United States and reshape tensions around the Taiwan Strait, one of the world’s most dangerous flash points. Under the seven-year leadership of President Tsai Ing-wen of the governing Democratic Progressive Party, Taiwan has come under intensifying military and diplomatic pressure from China and pushed back by bolstering ties with the United States.

☆ Virginia GOP Gov. Glenn Youngkin dodges 2024 questions as he gears up for Asia trip
▼ + stars: | 2023-04-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Glenn Youngkin will travel to Asia next week to meet with political and business leaders, adding more fuel to speculation that the Virginia Republican is considering a run for president. Youngkin will lead a state delegation on a trade-focused visit that includes stops in Taiwan, Japan and South Korea. Youngkin framed the visit, his first to Asia as governor, as a chance to strengthen his state's supply chains in the semiconductor, pharmaceutical and automotive industries. "I'm going to put our best forward to have that foreign direct investment come to Virginia," Youngkin, a former co-CEO of Carlyle Group, said during an interview on CNBC's "Squawk Box" on Friday. The planned six-day international visit, set to kick off Monday, prompted questions about whether he had presidential ambitions.

☆ 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.

☆ Vacation destinations like Finland and Sicily are giving away free trips, flights, and hotels to revive tourism — see the full list
▼ + stars: | 2023-03-26 | by ( Hannah Towey | ) www.businessinsider.com time to read: +6 min

Sicily is offering discounted airfare and hotel stays, and Finland is giving away 10 free trips. Taiwan said it will pay international visitors $165 and Hong Kong is giving out 500,000 free flights. Sicily, Finland, Hong Kong, and Taiwan are giving away free flights, hotel stays, excursions, and even straight cash. Hong KongThe central district of Hong Kong. Starting March 1, the tickets will be distributed by airlines Hong Kong Express, Cathay Pacific, and Hong Kong Airlines, Time Out reported.

☆ These 3 destinations in Europe and Asia will give you free hotel stays, flights, and cash to take your next vacation there
▼ + stars: | 2023-03-02 | by ( Hannah Towey | ) www.businessinsider.com time to read: +4 min

Taiwan said it will pay international visitors $165 and Hong Kong is giving away 500,000 free flights. The governments of Sicily, Hong Kong, and Taiwan are pumping billions into the programs, which range from free flights, hotel stays, and excursions — to straight cash. Gary Yeowell/Getty ImagesSicily, a historic island in the South of Italy, first launched its "See Sicily" travel promotion two years ago and recently announced its revival for 2023. Hong KongThe central district of Hong Kong. Starting March 1, the tickets will be distributed by airlines Hong Kong Express, Cathay Pacific, and Hong Kong Airlines, Time Out reported.

☆ 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.

☆ EXCLUSIVE Output of Apple iPhones at major China plant could fall 30% amid COVID curbs -source
▼ + stars: | 2022-10-31 | by ( Yimou Lee | ) www.reuters.com time to read: +3 min

[1/2] The logo of Foxconn is pictured on top of the company's headquarters in New Taipei City, Taiwan October 31, 2022. A second person familiar with the situation said many workers remained at the Zhengzhou plant and that production was continuing. Foxconn on Oct. 19 banned dining at canteens at the Zhengzhou plant and required workers to eat meals in dormitories. Foxconn has not disclosed whether any workers at the Zhengzhou site had been diagnosed with COVID-19. Authorities have since Oct. 19 reported 264 locally transmitted COVID-19 cases in Zhengzhou, the capital of central Henan province.

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