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☆ Eye of the storm: Taiwan at the centre of Sino-U.S. tensions
▼ + stars: | 2022-12-06 | by ( Ben Blanchard | ) www.reuters.com time to read: +4 min

China likewise views Tsai as a separatist for refusing to accept Beijing's long-standing position that China and Taiwan both belong to "one China". Since Pelosi's visit, China has continued with its military activities near Taiwan, though on a reduced scale. WHY IT MATTERSA newspaper front page reporting about U.S. House of Representatives Speaker Nancy Pelosi is pictured in Taipei, Taiwan, August 2, 2022. The United States has long stuck to a policy of "strategic ambiguity" and not making clear whether it would respond militarily to an attack on Taiwan. Anti-China sentiment continues to build in the United States, and in its newly Republican-controlled House, along with support for Taiwan.

[1/4] FILE PHOTO: The logo of Foxconn is seen outside the company's building in Taipei, Taiwan November 10, 2022. The plant owned by Taiwan-based Foxconn, battered by China's strict COVID restrictions and facing critical year-end holiday demand, was offering enticing hiring bonuses and excellent pay. Hou said he was promised up to 30,000 yuan ($4,200) for just under four months' work - far above the 12,000-16,000 yuan Foxconn workers usually get for four months. In a rare example of large-scale labour unrest in China, Foxconn workers in COVID masks clashed with security personnel in white hazmat suits holding plastic shields. The company previously apologised to workers for a pay-related "technical error" that it said occurred when it was hiring.

[1/2] Taiwanese President Tsai Ing-wen announces to resign as Democratic Progressive Party chair to take responsibility for the party's performance in the local elections in Taipei, Taiwan, November 26, 2022. REUTERS/Ann WangTAIPEI, Nov 27 (Reuters) - Attention is turning to Taiwan's next presidential election in 2024 after the ruling Democratic Progressive Party (DPP) was thrashed at local elections on Saturday, with President Tsai Ing-wen's move to focus on China backfiring with voters. Speaking to reporters late on Saturday at party headquarters, its chairman Eric Chu said the KMT understood that only by uniting could it win. But Tsai's strategy failed to mobilise voters, who disassociated geopolitics from the local elections which traditionally focus more on issues from crime to pollution. Taiwan Foreign Minister Joseph Wu said last week Taiwan was seeing less Chinese interference ahead of the local elections, possibly due to China's own domestic problems and its efforts to improve its international image.

☆ Foxconn unrest risks iPhone shipments, weighs on Apple shares
▼ + stars: | 2022-11-26 | by ( Yimou Lee | ) www.reuters.com time to read: +5 min

Apple shares were down 1.9% in late morning trade on Friday, while the benchmark Nasdaq index was down 0.3%. LOWER SHIPMENTSKGI Securities analyst Christine Wang said if the current issue lasts through December, around 10 million units of iPhone production will be lost, which translates to 12% lower iPhone shipment in the last quarter of 2022. REUTERS/Ann Wang 1 2Wedbush Securities estimates many Apple stores now have 25% to 30% fewer iPhone 14 Pros than normal heading into the holiday shopping season. In a statement on Nov. 7, Apple said it expected lower iPhone 14 Pro and iPhone 14 Pro Max shipments than previously anticipated. Another Foxconn source familiar with the matter said some new hires had left the campus but did not elaborate on how many.

☆ Taiwan votes in local elections amid tensions with China
▼ + stars: | 2022-11-26 | by ( ) www.reuters.com time to read: +3 min

[1/7] People line up to cast their votes on election day in Taipei, Taiwan, November 26, 2022. The elections for mayors, county chiefs and local councillors are ostensibly about domestic issues such as the COVID-19 pandemic and crime, and those elected will not have a direct say on China policy. But Tsai has recast the election as being more than a local poll, saying the world is watching how Taiwan defends its democracy amid military tensions with China, which claims the island as its territory. Taiwan's main opposition party, the Kuomintang or KMT, swept the 2018 local elections, and has accused Tsai and her Democratic Progressive Party (DPP) of being overly confrontational with China. Tsai and the DPP heavily defeated the KMT in 2020 despite their setback at the 2018 local polls.

☆ TSMC planning advanced chip production in Arizona, company founder says
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: 1 min

[1/3] Taiwan's APEC representative and TSMC founder Morris Chang speaks at a news conference after his return to Taipei, Taiwan November 21, 2022. REUTERS/Ann WangTAIPEI, Nov 21 (Reuters) - Taiwanese chipmaker TSMC is planning to produce chips with advanced 3-nanometre technology at its new factory in the U.S. state of Arizona but plans are not completely finalised yet, the company's founder Morris Chang said on Monday. TSMC (2330.TW), did not immediately respond to a request for comment. Chang, speaking after attending the APEC summit in Thailand where he was Taiwan's representative, has retired from TSMC, the world's largest contract chipmaker, but he remains influential in the chip industry. Reporting by Ben Blanchard; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

☆ TSMC planning advanced chip production in Arizona, says company's founder
▼ + stars: | 2022-11-21 | by ( Sarah Wu | ) www.reuters.com time to read: +3 min

TAIPEI, Nov 21 (Reuters) - Taiwanese chipmaker TSMC is planning to produce chips with advanced 3-nanometre technology at its new factory in the U.S. state of Arizona but the plans are not completely finalised yet, the company's founder Morris Chang said on Monday. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW), , a major Apple Inc (AAPL.O) supplier and the world's largest contract chipmaker, is constructing a $12 billion plant in Arizona. Chang, speaking to reporters in Taipei after returning from the APEC summit in Thailand, said the 3-nanometre plant would be located at the same Arizona site as the 5-nanometre plant. "It has almost been finalised - in the same Arizona site, phase two. [1/3] Taiwan's APEC representative and TSMC founder Morris Chang speaks at a news conference after his return to Taipei, Taiwan November 21, 2022.

[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 belongs to Taiwanese, president says in fiery pre-election rebuff to China
▼ + stars: | 2022-11-12 | by ( Ben Blanchard | ) www.reuters.com time to read: +3 min

[1/6] People wave flags at the Taiwan's ruling Democratic Progressive Party pre-election campaign rally ahead of mayoral elections in Taipei, Taiwan, November 12, 2022. REUTERS/Ann WangSummary Taiwan president: our existence not a provocation to anyoneChina has been increasing military pressure on TaiwanTaiwan to hold local elections on Nov. 26TAIPEI, Nov 12 (Reuters) - Taiwan President Tsai Ing-wen said on Saturday her mission in life was to ensure the island continued to belong to its people and that Taiwan's existence was a provocation to no one, in a fiery pre-election rebuff to China. "As president, my calling is to make every effort to let Taiwan still be the Taiwan of the Taiwanese people." U.S. President Joe Biden will meet Xi next week, with Taiwan on the agenda, according to the White House. The KMT denies this but could not shake the accusations ahead of the 2020 elections, leading to the DPP landslide.

Welcome back to Insider Weekly, a roundup of some of our top stories. The industry took a beating after Meta, Alphabet, Amazon, and Microsoft reported poorer-than-expected earnings, wiping nearly $1 trillion off their collective market caps. Microsoft and Amazon reported slower growth in their usually outperforming cloud divisions, with Amazon also warning of slower holiday sales. Stephen Lam/Getty ImagesAmid a streak of disappointing financial results, inflation, and global turmoil, companies like Meta, Microsoft, and Google are looking to rein in runaway costs. For years, Big Tech companies competed on pay and perks to lure workers in a tight labor market.

☆ The fate of the world economy may depend on what happens to a company most Americans have never heard of
▼ + stars: | 2022-10-22 | by ( Avery Hartmans | Jacob Zinkula | ) www.businessinsider.com time to read: +13 min

The fate of the global economy may rest on the shoulders of one company: TSMC. That's because there could be trillions of dollars' worth of economic activity tied to that one company: Taiwan Semiconductor Manufacturing Company, the world's biggest chipmaker. Ann Wang/ReutersThe semiconductor industry has its roots in the US, as much of the research and development is done on US soil. According to a 2021 report from the Semiconductor Industry Association, in 1990 the US produced 37% of the world's chip supply. These days, the US is responsible for only 12% of global chip production.

☆ How to survive a nuclear bomb attack: Minute-by-minute steps to protect yourself
▼ + stars: | 2022-10-19 | by ( Aria Bendix | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

If a nuclear bomb were headed toward the US, residents would have 30 minutes or less to shelter. Russian Presidential Press Service/APA nuclear attack remains highly unlikely, but it's not out of the question, experts say. Redlener said the best way to learn of an impending nuclear attack would probably be TV or radio. Survivors of a nuclear attack would have about 15 minutes before sandlike radioactive particles, known as nuclear fallout, reached the ground. The US Department of Health and Human Services recommends staying indoors for at least 24 hours after a nuclear explosion.

☆ A Foxconn Tesla? Taiwan tech giant targets 5% of EV manufacturing by 2025
▼ + stars: | 2022-10-18 | by ( Sarah Wu | ) www.reuters.com time to read: +3 min

Foxconn Chairman Liu Young-way poses on stage with an electric vehicle, the Model C, during the company's annual Tech Day in Taipei, Taiwan, October 18, 2022. Register now for FREE unlimited access to Reuters.com Register"I hope one day we can do Tesla cars for Tesla." Foxconn is leveraging its "48-year-old roots in ICT manufacturing" to halve EV design times and slash development costs by a third, Liu said. "Despite the challenges of conflict in Europe and COVID globally, Foxconn has maintained our EV strategy," Liu said. "Our heartfelt hope is that Taiwan can seize this once-in-a-hundred years, rare EV business opportunity," Liu said.

☆ Taiwan says it will not back down on its sovereignty
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +1 min

A Taiwan flag can be seen at Liberty Square in Taipei, Taiwan, July 28, 2022. REUTERS/Ann WangTAIPEI, Oct 16 (Reuters) - Taiwan will not back down on its sovereignty or compromise on freedom and democracy, and its people clearly oppose Beijing's idea of "one country, two systems" management for Taiwan, the self-ruled island's presidential office said on Sunday. The statement came shortly after Chinese President Xi Jinping said in a speech at the opening of a the Communist Party Congress in Beijing that it is up to the Chinese people to resolve the Taiwan issue and China will never renounce the use of force over Taiwan. Maintaining peace and stability in the Taiwan Strait and the region is the common responsibility of both sides and meeting on the battlefield is not an option, Taiwan's presidential office said in the statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ben Blanchard; Writing by Martin Quin Pollard; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ Taiwan touts $900 mln in new business from Silicon Valley meetings
▼ + stars: | 2022-10-15 | 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 WangTAIPEI, Oct 15 (Reuters) - Taiwan's economy minister has drummed up new business worth T$30 billion ($940 million) in meetings with top executives at four major tech firms in California's Silicon Valley, the ministry said on Saturday. Taiwan is a major semiconductor producer, home to the world's largest contract chip maker, Taiwan Semiconductor Manufacturing Corp (2330.TW), , and supplies most the world's major tech firms. "The visits are expected to bring back U.S. research and development investment and orders in Taiwan worth more than T$30 billion," it said, without elaborating. Wang said on Tuesday that if Taiwan remains safe, global supply chains of vital semiconductors would also be secure.

☆ 'Please send us more chips' Canadian lawmaker says in Taiwan
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

Judy Sgro, a Canadian lawmaker of the federal Liberal Party, attends an interview with Reuters in Taipei, Taiwan, October 14, 2022. REUTERS/Ann WangTAIPEI, Oct 14 (Reuters) - A Canadian lawmaker who represents an area in the country's main auto producing province said on Friday he had asked Taiwan to "please send us more chips" to help resolve an ongoing shortage that continues to snarl some production lines. "I think every single meeting, including the upper levels of government, I brought up there are very major shortages of chips. It was a very broad conversation and every time we said 'please send us more chips'." Register now for FREE unlimited access to Reuters.com RegisterReporting by Ben Blanchard; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Taiwan welcomes back visitors after ending COVID quarantine rules
▼ + stars: | 2022-10-13 | by ( Ann Wang | ) www.reuters.com time to read: +2 min

Travellers from Thailand on the first quarantine-free flight to Taiwan, amid the coronavirus disease (COVID-19) pandemic, receive a welcome by officials and the media at the airport in Taoyuan, Taiwan, October 13, 2022. REUTERS/Ann WangTAOYUAN, Taiwan, Oct 13 (Reuters) - Taiwan began welcoming back visitors on Thursday after finally ending mandatory quarantines to control the spread of COVID-19, with gifts of cuddly toy black bears for the first tour group that stepped off the plane shortly after midnight. Some rules remain, including a requirement for people to monitor their health for seven days after arrival and perform rapid tests on themselves. Prior to the pandemic, Taiwan was a popular tourist destination, mostly for travellers from Japan, South Korea and Southeast Asia, attracted by the island's cuisine and natural beauty. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ann Wang; Writing by Ben Blanchard; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

A Taiwan Coast Guard ship travels past the coast of China, in the waters off Nangan island of Matsu archipelago in Taiwan August 16, 2022. REUTERS/Ann WangTAIPEI, Sept 23 (Reuters) - A Chinese blockade of Taiwan or the seizure of an offshore island would be considered an act of war and Taiwan would not surrender, a senior Taiwanese security official told Reuters using unusually strong and direct language. Chinese military action might not be as straightforward as a full frontal assault on Taiwan: it could include actions like a blockade to try to force Taiwan to accept China's rule, strategists say. To show its anger, China mounted military exercises around Taiwan that included firing missiles and steps to mount a blockade. "A blockade is an act of war; seizing an offshore island is an act of war," the official said, adding Taipei believed Beijing was unlikely to take either of those actions at the moment.

☆ China willing to make effort for peaceful 'reunification' with Taiwan
▼ + stars: | 2022-09-21 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +3 min

REUTERS/Ann Wang/File PhotoBEIJING, Sept 21 (Reuters) - China is willing to make the utmost effort to strive for a peaceful "reunification" with Taiwan, a Chinese government spokesperson said on Wednesday, following weeks of military manoeuvres and war games by Beijing near the island. China claims democratically-governed Taiwan as its own territory. Taiwan's government rejects China's sovereignty claims and says only the island's people can decide their future. China has been carrying out drills near Taiwan since early last month, after U.S. House Speaker Nancy Pelosi visited Taipei, including firing missiles into waters near the island. Taiwan's government says that as the island has never been ruled by the People's Republic of China, its sovereignty claims are void.

☆ Taiwan 'proud' of its efforts to help Ukraine, says President Tsai
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Sept 20 (Reuters) - Taiwan is "proud" of its efforts to help Ukraine in the country's struggle to defend itself and those efforts must continue, President Tsai Ing-wen told a conference taking place in New York. We must continue with our efforts," Tsai said in remarks pre-recorded from her office and played at the Concordia Summit on Monday. Taiwan President Tsai Ing-wen gives a speech at a navy base in Penghu Islands, Taiwan, August 30, 2022. Taiwan held China's United Nations seat under its formal name the Republic of China until 1971, when it was replaced by the People's Republic of China. The defeated Republic of China government fled to Taiwan in 1949 after losing a civil war to Mao Zedong's communists.

HUALIEN, Taiwan, Aug 17 (Reuters) - Taiwanese F-16 fighters roared into the night sky on Wednesday in a show of force in front of the media, demonstrating the military's determination to defend the democratically governed island in the face of days of Chinese war games. "The Republic of China's forces are confident, capable, and determined to defend the safety of the Republic of China," Sun added, using Taiwan's formal name. While Taiwanese fighters, including Hualien's F-16s, have been repeatedly scrambling since early this month, the ministry has stressed Taiwan's "calm" response and there have been no clashes. The Hualien base, which has hangers cut out of the side of a mountain, has two pilots on duty at any one time sitting in their flight suits and able to be in the air within six minutes. The fighters on display were the Lockheed Martin Corp (LMT.N) F-16V, Taiwan's most up-to-date combat jet.

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