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[1/4] Taiwan's President Tsai Ing-wen poses for a photo with Taiwan's APEC representative and TSMC founder Morris Chang at a press conference in Taipei, Taiwan November 10, 2023. REUTERS/Ann Wang Acquire Licensing RightsTAIPEI, Nov 10 (Reuters) - Taiwan will stress the importance of peace in the region at next week's APEC summit, President Tsai Ing-wen said on Friday, one of the few international bodies both Taiwan and China are members of and where their officials meet. The 21-member Asia-Pacific Economic Cooperation (APEC) forum will meet in San Francisco for the 30th APEC summit, the first hosted by the United States since 2011. Neither the president nor Chang, representing Tsai for the sixth time at an APEC summit, took questions. Chang, 92, had a brief chat with Xi at last year's APEC summit in Bangkok, a rare high-level interaction.

Persons: Tsai Ing, Morris Chang, Ann Wang, Tsai, Chang, Xi, Sarah Wu, Ben Blanchard, Stephen Coates Organizations: Taiwan's APEC, REUTERS, Rights, APEC, Economic Cooperation, TSMC, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, Asia, San Francisco, United States, Beijing, pleasantries, Chang, Bangkok

U.S. Federal Reserve officials are puzzling over why bond borrowing rates spiked lately even as Fed policy expectations have remained largely unchanged. Whether a resurfacing "term premium'" now demanded to buy and hold longer-term bonds, is responsible is central to the conundrum. Britain's brief budget and debt shock late last year and the way the Bank of England was forced to react was perhaps a taster. "Once current debt has been refinanced and the average interest on debt reflects the higher long rates, absent changes in policy, debt ratios will increase," Blanchard wrote. US debt costs soarRates minus Growth hits budget mathCBO's long-term debt projectionsDYSFUNCTION AND EXPLOSIONThere were tinges of optimism though.

Persons: Marcos Brindicci, Olivier Blanchard, Washington's, Blanchard, it's, Morgan Stanley, Mike Dolan, Marguerita Choy Organizations: REUTERS, . Federal Reserve, Bank of England, International Monetary Fund, Washington's Peterson Institute for International Economics, U.S, Congressional, Reuters, Thomson Locations: Buenos Aires, Argentina, United States, Europe

☆ China tells Britain to stop efforts to 'enhance' ties with Taiwan
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/ File photo Acquire Licensing RightsBEIJING, Nov 9 (Reuters) - The Chinese government on Thursday told Britain to stop its efforts to "enhance" ties with Taiwan after a high level meeting in London and the signing of a new trade agreement between the island and Britain. "We urge the UK to abide by the one-China principle and stop using trade cooperation as an excuse to engage in official exchanges or enhance substantive relations with Taiwan," it added. Britain and Taiwan both maintain de facto embassies in each other's capitals, but London does not officially recognise the democratically elected government in Taipei. Britain approved a sharp increase in exports of submarine parts and technology last year to Taiwan as it upgrades its naval forces, Reuters reported in March. Because of its diplomatic isolation and pressure from China, chip powerhouse Taiwan has few formal foreign trade agreements, though it is a member of the World Trade Organization and has free trade agreements with Singapore and New Zealand.

Persons: Dado Ruvic, Nigel Huddleston, Chen Chern, Ben Blanchard, Sam Holmes Organizations: REUTERS, Rights, Wednesday, Trade Partnership, British Trade, World Health Organization, Reuters, World Trade Organization, Beijing, Thomson Locations: Rights BEIJING, Britain, Taiwan, London, China's, Beijing, China, Taipei, Singapore, New Zealand

☆ China urges G7 to stop 'inciting confrontation'
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

A two-day G7 foreign minister meeting held in Tokyo ended on Wednesday and mainly called for humanitarian pauses in the Israel-Hamas war to allow in aid and help the release of hostages. "China will resolutely counter any smear campaigns from external forces," the embassy said, adding it strongly protested against other countries' intentions to curb China with regards to Taiwan. President Tsai Ing-wen, of the democratically governed Taiwan island, said she would continue to work with G7 members toward a free and open Indo Pacific. Critical comments on Taiwan and Hong Kong have long riled Beijing, which considers such criticism as outside interference in its domestic affairs. Democratically governed Taiwan, which China considers as part of its territory, is the most sensitive issue.

Persons: Josep Borrell, James, Annalena Baerbock, Antony Blinken, Yoko Kamikawa, Melanie Joly, Tsai Ing, Hong Kong, Albee Zhang, Ryan Woo, Ben Blanchard, Bernadette Baum Organizations: European Union for Foreign Affairs, German, Canadian, France's, Hong, Thomson Locations: British, U.S, BEIJING, China, Japan, Tokyo, Israel, Russia, Ukraine, Taiwan Strait, Hong Kong, Taiwan, Beijing, Hong

☆ Taiwan monitors Chinese carrier group in sensitive Taiwan Strait
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTAIPEI, Nov 9 (Reuters) - Taiwan's military has sent forces to keep watch on a Chinese naval formation led by the aircraft carrier Shandong sailing through the sensitive Taiwan Strait, Taiwan's defence ministry said on Thursday. The Shandong participated in Chinese military drills around Taiwan in April, and again entered the Pacific last month. China says the Taiwan Strait is not an international waterway and that it alone has sovereignty there, which both Taiwan and the United States dispute. As of Thursday morning, the Chinese carrier group was continuing to sail northwards, Taiwan's defence ministry said. The Shandong, commissioned in 2019, also sailed through the Taiwan Strait in June.

Persons: Dado Ruvic, Ben Blanchard, Christopher Cushing, Simon Cameron, Moore Organizations: REUTERS, Rights, United, Thomson Locations: Rights TAIPEI, Shandong, Taiwan, China, United States, Canadian, South, Taiwan Strait

Last year, Taiwan's chip industry generated T$4.837 trillion ($150.27 billion) in revenue, nearly half of which came from TSMC, compared with Taiwan's GDP of T$22.667 trillion ($704.21 billion). "Taiwan's limited land and limited energy have always created a lot of pressure," GlobalWafers (6488.TWO) CEO Doris Hsu told reporters. 'FIVE SHORTAGES'The chip industry has long complained about Taiwan's "five shortages": land, water, energy, labour, and talent. Taiwan's government - determined to keep its crown jewel's most advanced technology at home - has said it will provide alternative options. The Longtan expansion had proposed acquiring 159 more hectares in the north, where TSMC and many chip companies are based.

Persons: Wei Hsin, Carlos Garcia Rawlins, Taiwan's, Wang Mei, TSMC, Doris Hsu, Hsu Shih, Rich, Chen Ting, Chen, Liao Chen, Cliff Hou, Isaiah, Lucy Chen, Chen Chi, Sarah Wu, Yimou Lee, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Taiwan's, National Chengchi University, Hsinchu Science Park, Reuters, Residents, TMSC's, Thomson Locations: Longtan, Taoyuan, Taiwan, Rights HSINCHU, LONGTAN, Hsinchu, United States, Japan, Germany, TSMC, Belgium, Arizona, Kaohsiung

☆ Foxconn sticks to strong end-of-year sales outlook
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +2 min

A Foxconn shareholder poses for photos after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Nov 5 (Reuters) - Taiwan's Foxconn (2317.TW), the world's largest contract electronics maker and a major Apple supplier, on Sunday stuck to its previous outlook of strong year-end holiday sales, and said customers were buying well in China and the United States. Foxconn said in a statement that with the second half of the year a "traditional peak season" for consumer tech products, operations "will ramp up sequentially", sticking to its outlook given last month. "Significant growth outlook in the fourth quarter compared to the third quarter remains unchanged," it added, without elaborating. Foxconn releases third-quarter earnings on Nov. 14, when it will give more details on its outlook.

Persons: Ann Wang, Foxconn, Ben Blanchard, David Goodman, Christopher Cushing Organizations: REUTERS, Rights, Apple, Hai Precision Industry Co, Revenue, Thomson Locations: New Taipei City, Taiwan, Rights TAIPEI, China, United States, Taipei

In the four decades since he fled Afghanistan during the Soviet invasion, the man, Najmuddin Torjan, had been living illegally in Pakistan. He married there, had children and watched as they had children of their own. All the while, he felt the unease of making a life on borrowed land, seemingly on borrowed time. The Pakistani government abruptly declared that all foreign citizens living in the country without documents must leave by Nov. 1. Now I’m starting again from zero.”

Persons: Najmuddin Torjan, “, ”, Torjan, I’m Locations: Afghanistan, Pakistan

☆ Crowds throng Taipei as Taiwan celebrates east Asia's largest Pride march
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +2 min

[1/5] Friends greet each other at the annual Taiwan's Pride parade in Taipei, Taiwan October 28, 2023. Lai then joined the DPP delegation, marching behind a banner reading "Democracy Supports Gays" as supporters yelled out "Hello Mr. President". The streets of central Taipei were packed for the annual parade, the 21st since it began and including go-go dancers and drag queens. Taiwan's openness on LGBTQ+ issues stands in marked contrast with its giant neighbour China, which claims the island as its own territory. While same sex relations are not illegal in China, same sex marriage is, and the government has been cracking down on activists and depictions of LGBTQ+ people in the media.

Persons: Ann Wang, Lai Ching, Lai, Democratic Progressive Party's, Tsai Ing, Tsai, Ben Blanchard, Editingby Raju Gopalakrishnan Organizations: REUTERS, Rights, Democratic Progressive, DPP, Kuomintang, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China

"I think the entire Taiwan semiconductor industry - in our essence, in our R&D and manufacturing, and in our global layout - will undergo a comprehensive improvement and transformation." Key to the development of the industry is stable and renewable energy, Hou, the chairman of the Taiwan Semiconductor Industry Association, told its annual meeting in the chip hub of Hsinchu. Last month, the association made four key appeals to the government, among them the stable supply of green energy, as Taiwan's chip industry aims to seize the AI opportunity, Hou said. In 2021, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said it aimed to reach net zero emissions by 2050, matching a government target set that year by President Tsai Ing-wen. GlobalWafers (6488.TWO) CEO Doris Hsu told reporters that while AI will be a key driver of rapid growth in the next decade, Taiwan's chip industry faces several pressures as it grows.

Persons: Ann Wang, Cliff Hou, Hou, Tsai Ing, Doris Hsu, Hsu, Sarah Wu, Ben Blanchard, Clarence Fernandez, Raju Gopalakrishnan Organizations: REUTERS, Rights, Taiwan, Taiwan Semiconductor Industry Association, Taiwan Semiconductor Manufacturing Co, Thomson Locations: Tainan, Taiwan, Rights HSINCHU, Hsinchu

☆ Taiwan reports Chinese fighters, bombers nearby as election campaign heats up
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

[1/3] Airplane is seen in front of Chinese and Taiwanese flags in this illustration, August 6, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTAIPEI, Nov 22 (Reuters) - Taiwan again reported Chinese military activity around the island on Wednesday, with 11 aircraft crossing the sensitive median line of the Taiwan Strait as the island's election campaign kicked into high gear. Taiwan holds presidential and parliamentary polls on Jan. 13 and candidates have to register with the election commission this week in order to take part. The strait's median line had previously served as an unofficial barrier between the two sides and which Chinese planes now regularly fly over. China says its activities near Taiwan are aimed at preventing "collusion" between Taiwan separatists and the United States and to protect China's territorial integrity.

Persons: Dado Ruvic, Ben Blanchard, Toby Chopra, Raju Gopalakrishnan Organizations: REUTERS, Rights, Taiwan, Democratic Progressive Party, Kuomintang, Thomson Locations: Rights TAIPEI, Taiwan, China, Beijing, Taipei, United States

☆ US says ready to help Vietnam with rare earth auctions
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

HANOI, Oct 25 (Reuters) - The United States is ready to help Vietnam in preparing auctions for rare earths mines, the U.S. State Department chief economist Emily Blanchard on Wednesday. "If Vietnam chooses to ask for assistance in developing an auction, we would be happy to provide assistance to do so," she said in Hanoi when asked about possible auctions to be arranged by Vietnam for new concessions at unexploited mines. Vietnam's government intends to launch tenders for multiple blocks of its Dong Pao mine before the year's end, Tessa Kutscher, an executive at Australia's Blackstone Minerals Ltd (BSX.AX), which plans to bid for at least one concession, told Reuters last month. Blanchard said that U.S. technical assistance to partner countries can extend to support to craft tenders or bids "to generate the most interest". Reporting by Francesco Guarascio; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

Persons: Emily Blanchard, Tessa Kutscher, Blanchard, Francesco Guarascio, Martin Petty Organizations: U.S . State Department, Australia's Blackstone Minerals Ltd, Reuters, Thomson Locations: HANOI, United States, Vietnam, Hanoi, Dong

☆ Taiwan chipmaker UMC sees demand stabilising, with 'rush' PC, smartphone orders
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

The logo of United Microelectronics Corporation (UMC) is seen at the company’s lobby at Hsinchu Science Park in Hsinchu, Taiwan, September 16, 2022. The semiconductor industry has come under pressure as global economic woes dent demand for chips used in everything from tablets to cellphones and cars. In an earnings release, UMC (2303.TW) co-President Jason Wang said it expected demand to gradually stabilise in the last three months of the year. "For the fourth quarter, with the recent rush orders from PC and smartphones, we expect demand has gradually stabilised," he said. However, the company kept its guidance for capital spending this year at $3 billion, compared with $2.7 billion for last year.

Persons: Ann Wang, TSMC, chipmaker, Jason Wang, Ben Blanchard, Jan Harvey Organizations: United Microelectronics Corporation, Hsinchu Science, REUTERS, United Microelectronics Corp, Qualcomm Inc, Germany's Infineon, UMC's, Thomson Locations: Hsinchu, Hsinchu Science Park, Taiwan, TAIPEI, U.S, UMC's Taipei

☆ Amid Foxconn probe, China tells Taiwan firms to play positive role in ties
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +3 min

A Foxconn shareholder poses for photos after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang Acquire Licensing RightsBEIJING, Oct 25 (Reuters) - Taiwanese companies should assume their social responsibilities and play a "positive role" in promoting the peaceful development of relations across the Taiwan Strait, China's government said on Wednesday, amid a probe into major Apple supplier Foxconn. "While sharing development benefits and growth dividends on the mainland and achieving rapid development, Taiwan enterprises should also assume corresponding social responsibilities and play a positive role in promoting the peaceful development of cross-Straits relations." China believes Lai, who is leading opinion polls, is a separatist bent on a formal declaration of independence. "As pointed out by the media on the island, Lai Ching-te has now changing from a Taiwan independence maniac to a Taiwan independence liar," she said.

Persons: Ann Wang, Zhu Fenglian, Zhu, Lai Ching, Democratic Progressive Party's, Lai, Ben Blanchard, Jacqueline Wong, Lincoln Organizations: REUTERS, Rights, Apple, Global Times, Taiwan Affairs Office, Taiwan, Democratic Progressive, Beijing, Thomson Locations: New Taipei City, Taiwan, Rights BEIJING, Taiwan Strait, China, Beijing

☆ Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +6 min

[1/2] Terry Gou, founder of Taiwan's Foxconn poses for pictures while saluting during a news conference in Taoyuan, Taiwan April 5, 2023. But three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground. China claims Taiwan as its own and believes Lai, who leads opinion polls, is a separatist bent on a formal declaration of independence. Since the Global Times report came out, Gou's team has declined to comment, referring questions to Foxconn itself. Gou remains a lauded figure at Foxconn after stepping down as chairman in 2019, referred to reverentially as "the founder".

Persons: Terry Gou, Taiwan's, Carlos Garcia Rawlins, Taiwan's Terry Gou, Gou, Lai Ching, Lai, Steve Jobs, Foxconn, Democratic Progressive Party's, reverentially, Xi Jinping, Ben Blanchard, Sonali Paul Organizations: REUTERS, Rights, Apple, Forbes, Global Times, Taiwan, Democratic Progressive, DPP, Taiwan People's Party, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taoyuan, Taiwan, Rights TAIPEI, China, Foxconn, Beijing, Kuomintang, People's Republic of China

☆ Who is running to be Taiwan's next president?
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

Here is a list of the candidates standing for president and their positions on relations with China:LAI CHING-TELai, also known by his English name William, is running for the ruling Democratic Progressive Party (DPP). Currently Taiwan's vice president, he is also the DPP's chairman, and has consistently led opinion polls. Lai, along with Taiwan President Tsai Ing-wen, have repeatedly offered talks with China but been rebuffed, as Beijing views them both as separatists. Lai and Tsai say only Taiwan's people can decide their future. He was re-elected in a landslide last year but has generally been running third in presidential election opinion polls.

Persons: LAI CHING, TE Lai, Lai, Tsai Ing, Tsai, HOU, Hou, Mao Zedong's, KO WEN, JE Ko, Ko, TERRY GOU Gou, Gou, Ben Blanchard, Sonali Paul Organizations: Democratic Progressive Party, Taiwan's, Kuomintang, KMT, New, Beijing, Taiwan People's Party, Apple, Thomson Locations: Taiwan, China, Beijing, Taipei's, New Taipei, Taipei, U.S

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

☆ Foxconn shares drop after report of China tax audit, land use probe
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +3 min

A woman drives past the logo of Foxconn outside the company's building in Taipei, Taiwan November 9, 2022. The Global Times did not give details of the tax or land use probes, which have not been officially announced by any Chinese government department. The Chinese state media report comes less than three months before Taiwan votes in presidential and parliamentary elections. Speaking at a campaign rally on Sunday, Taiwan Vice President Lai Ching-te, the DPP's presidential candidate and leading the polls, said the Chinese report on the investigation was "unexpected" and "regretful". Foxconn shares were down 2.4% at 0204 GMT, underperforming the broader Taiwanese market (.TWII).

Persons: Ann Wang, Foxconn, Terry Gou, Taiwan's, Huang Shih, Gou, Lai Ching, Hai, Ben Blanchard, Jacqueline Wong, Edwina Gibbs, Sonali Paul Organizations: REUTERS, Rights, Global Times, Hai Precision Industry Co, Democratic Progressive Party, Taiwan, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, China's, Henan, Hubei, Zhengzhou, India, U.S

☆ Deutsche Bank downgrades three solar stocks as industry demand weakens in the U.S. and Europe
▼ + stars: | 2023-10-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Softening demand means that investors should consider pivoting away from solar stocks, according to Deutsche Bank. The firm downgraded three solar names to hold from buy: SolarEdge , Sunrun and Sunnova . Deutsche lowered the price target for SolarEdge to $150 — implying a 32% potential upside from the stock's closing price Thursday — from $300. Those comments, along with SolarEdge cutting its third-quarter revenue guidance, put pressure on the broader solar sector. Earnings season for the solar industry kicks off with Sunnova reporting results on Oct. 25.

Persons: Deutsche, Sunnova, SolarEdge, Sunrun, Corinne Blanchard, whittle, Blanchard, there's, — CNBC's Michael Bloom Organizations: Deutsche Bank, NOVA, Bloomberg Locations: U.S, Northeastern U.S, Southern, China

☆ Analysts bail on solar stocks after SolarEdge warning of weak earnings
▼ + stars: | 2023-10-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Solaredge 's warning on Thursday of weakening European demand was another red flag following what has already been a tumultuous year for the solar industry. Several Wall Street investment banks downgraded SolarEdge and slashed their price targets in reaction to the preannouncement. Deutsche Bank downgraded SolarEdge , along with peer solar stocks Sunrun and Sunnova , to a hold rating from buy. Analyst Corinne Blanchard halved SolarEdge's price target to $150 from $300, although this still implies 32% potential upside from the stock's Thursday close. Besides waning European demand, Blanchard highlighted that U.S. demand has also declined and may not bottom until early 2024.

Persons: Solaredge, Zvi Lando, Enphase, SunPower, Sunrun, bode, Gordon Haskett, Don Bilson, Corinne Blanchard, Blanchard, Goldman Sachs, SolarEdge, Goldman, Brian Lee, Oppenheimer, Roth, Philip Shen, Julien Dumoulin, Smith, Michael Bloom Organizations: Deutsche Bank, Bank of America Locations: California, SolarEdge, U.S

☆ 3 virtual assistants who make up to $8,000 a month in revenue share how they got started
▼ + stars: | 2023-10-20 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +4 min

She built a "strong personal brand," she said, which meant tailoring her presence and wording to what the clients she wanted. Shannon Blanchard started working as a virtual assistant in January 2021 and wanted to work with creatives and web designers. Instead of cold-pitching her services, she'd comment on the Instagram stories and posts of clients she wanted to work with. Read more: I made up to $6,300 a month working 3 hours a day as a virtual assistant. Anna Christine, @annachristine.photoMary Carrasquillo started her virtual-assistant business in December 2020, and was booking more than $8,000 a month in monthly revenue by January 2022.

Persons: VAs, Hannah Dixon, Hannah Dixon Hannah Dixon, who's, Dixon, Read, I've, Shannon Blanchard, Blanchard, I'd, Here's, Mary Carrasquillo, Anna Christine, @annachristine.photo Mary Carrasquillo, Carrasquillo Locations: VAs, Instagram

☆ Taiwan reports 13 Chinese air force planes in its air defence zone
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: 1 min

Chinese and Taiwanese flags are seen in this illustration, August 6, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTAIPEI, Oct 19 (Reuters) - Taiwan's defence ministry said that it had detected 13 Chinese air force planes entering Taiwan's air defence zone on Thursday morning, including fighter jets and drones, accompanying Chinese warships carrying out "combat patrols" and drills. Taiwan, which China claims as its own territory, has repeatedly complained over the past four years of Chinese military activity around the island. Reporting by Ben Blanchard; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Ben Blanchard, Kim Coghill Organizations: REUTERS, Rights, Thomson Locations: Rights TAIPEI, Taiwan, China

Sharing a stage at Foxconn's annual tech showcase in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang said their companies would build these "AI factories" together. And the data centres that produce it are AI factories," Huang said, adding that Foxconn had the expertise and scale to build them globally. Showing a hand-drawn sketch, Huang - sporting his signature black leather jacket - explained how "AI factories" could continuously receive and process data from autonomous electric vehicles to make them smarter. The AI factory would improve the software and update the entire AI fleet," said the Taiwan-born Huang. "In the future, every company, every industry, will have AI factories."

Persons: Foxconn, Liu Young, Jensen Huang, Huang, Orin, Liu, Jun Seki, Terry Gou, Sarah Wu, Ben Blanchard, Christian Schmollinger, Jamie Freed Organizations: Nvidia, EV, Foxconn's Tech, Thomson Locations: TAIPEI, Taipei, Taiwan, China, Foxconn, India, Japan

Sharing a stage at Foxconn's annual Tech Day in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang said their companies were building AI factories together. Huang showed a hand-drawn sketch of what the two companies are building, which he called an "AI factory". What Nvidia and Foxconn are building is an entire end-to-end AI system for autonomous electric vehicles, with the AI factory developing the car's software, Huang added. The data would go to the AI factory, the AI factory would improve the software and update the entire AI fleet," he said. "This entire end-to-end system, on the one hand AI factory, on the other end EV fleet, is what Nvidia and Foxconn are building."

Persons: Liu Young, Ann Wang, Foxconn, Jensen Huang, Huang, Liu, Sarah Wu, Ben Blanchard, Christian Schmollinger, Jamie Freed Organizations: Tech Day, REUTERS, Rights, Nvidia, Thomson Locations: Taipei, Taiwan, Rights TAIPEI

A logo of Taiwanse chip giant TSMC can be seen in Tainan, Taiwan December 29, 2022. The likely decline in profit also reflects a strong performance last year, when the company was still riding high on pent-up post-pandemic demand. The world's largest contract chipmaker is set to report net profit of T$195.9 billion ($6 billion) for July-September - its second straight quarter of profit decline, according to an LSEG SmartEstimate drawn from 19 analysts. Given that, much of Thursday's focus will be on TSMC's outlook for the fourth quarter and beyond. Fubon Securities expects a slow start to next year for TSMC, with 10% growth in the first quarter, predicting order cancellations towards the year end and mild restocking demand.

Persons: Ann Wang, SmartEstimates, Morgan Stanley, SmartEstimate, TSMC, Sarah Wu, Ben Blanchard, Emily Chan, Edwina Gibbs Organizations: REUTERS, Revenue, TAIPEI, Taiwan Semiconductor Manufacturing Co, TSMC's, Fubon Securities, TSMC, Apple, Thomson Locations: Tainan, Taiwan, Asia's, TSMC's Taipei

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