DIRS.INFO The most relevant business & tech news

☆ Fearing China, South Korea targets firms building Taiwan navy submarines
▼ + stars: | 2023-10-16 | by ( Ju-Min Park | ) www.reuters.com time to read: +10 min

SI Innotec, which was fined in August 2022, and Park, who received a suspended prison sentence, deny wrongdoing and have appealed. The equipment was not designed solely for military purposes and did not involve sensitive technology, SI Innotec told Reuters. SI Innotec said the contract, at CSBC's request, listed the equipment's primary use as for wind power generation. "The accused were fully aware that the subject equipment would be used to manufacture a military submarine", the court ruled. It was at this point that Seoul's foreign ministry told DAPA it disapproved of the deal, one of them said.

Persons: Tsai Ing, Narwhal, Carlos Garcia Rawlins, Park Mal, sik, China's, DAPA, Moon Jae, Taiwan's, Innotec, SI Innotec, Moo, sik —, —, Yang Hyang, Yang, KHNT's, KHNT, Cho Hyeon Gyu, 1,343.1000, Ben Blanchard, Faith Hung, Tian, Katerina Ang, Josh Smith Organizations: REUTERS, Rights, Reuters, Administration, Keumha Naval Technology, South, Police, Foreign Ministry, Democratic Progressive Party, Indigenous Defense, South Korean, Foreign Trade, SI, Thomson Locations: Kaohsiung, Taiwan, Rights SEOUL, Beijing, Seoul, U.S, China, South Korea, Park, Taipei, Netherlands, Pacific, Beijing . U.S, Changwon, Korea

☆ When is it OK to violate your cost basis to buy more shares of a company?
▼ + stars: | 2023-10-15 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

This week's question: The cardinal rule of discipline is to not violate cost basis and show patience to buy more high-quality stocks on pullback. How do you evaluate a flying stock which might not come back to levels of cost basis to add more? Since we are not anticipating the stock breaking below our cost basis — it is rallying — we need another way to determine when to buy more shares. If you can't buy below you price basis, you should buy at or below your valuation basis. And then set up points to buy when the valuation goes lower, just as you would when the stock price falls.

Persons: Jim Cramer, Eli Lilly, Ravi, —, Jim Cramer's, Jim, Jensen Huang, Walid Berrazeg Organizations: Nvidia, workloads, Jim Cramer's Charitable, CNBC, Getty Locations: Taipei

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTAIPEI, Oct 13 (Reuters) - Taiwan's TSMC (2330.TW) said on Friday it expects to receive permission from the United States to supply its China plant with U.S. chipmaking tools indefinitely, in an easing of Washington's restrictions on foreign chipmakers operating in China. "We expect to receive a permanent authorization through the VEU process," TSMC said, noting that it did not previously need to apply for VEU status. Taiwan Economy Minister Wang Mei-hua said earlier on Friday that TSMC has received the waiver from the United States to supply U.S. equipment to the company's factory in China. However, the United States is continuing efforts to cut China off from top AI technology and plug gaps in export controls. The United States last year shook relations with Beijing when it unveiled new restrictions on shipments of AI chips and chipmaking tools to China, seeking to thwart its military advances.

Persons: Dado Ruvic, TSMC, Wang Mei, Biden, chipmaker, Sarah Wu, Ben Blanchard, Sonali Paul, Muralikumar Anantharaman, Simon Cameron, Moore Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, The U.S . Department of Commerce's, of Industry and Security, Reuters, Taiwan, Samsung Electronics, SK Hynix, Apple Inc, United, TSMC's, Thomson Locations: Rights TAIPEI, United States, China, The, KS, Nanjing, Beijing, TSMC's Taipei

☆ China says sends fighter jets to warn US Navy plane in Taiwan Strait
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, Oct 12 (Reuters) - China said on Thursday it had sent fighter jets to monitor and warn a U.S. Navy patrol aircraft that flew through the Taiwan Strait. Taiwan and the United States dispute that, saying the Taiwan Strait is an international waterway. China's military described the flight as "public hype", adding it had sent fighters to monitor and warn the U.S. plane. China stages almost daily military activities of its own in the Taiwan Strait and seas and skies around Taiwan. The United States last announced a Poseidon mission through the strait in July.

Persons: Thomas Peter, Ben Blanchard, Kim Coghill, Miral Organizations: REUTERS, Rights, U.S . Navy, Navy, Troops, Eastern Theatre Command, People's Liberation Army, U.S, United States, Beijing, Thomson Locations: China's, Taiwan, Fujian province, China, Rights BEIJING, Taiwan Strait, United States, U.S, Navy's, Taipei

☆ Taiwan urges progress on EU investment deal as bloc courts chip firms
▼ + stars: | 2023-10-12 | by ( Ben Blanchard | ) www.reuters.com time to read: +3 min

Taiwan National Development Council Minister Kung Ming-hsin poses during an interview with Reuters in Taipei, Taiwan, April 23, 2021. Taiwan has repeatedly pushed for the conclusion of a Bilateral Investment Agreement (BIA) with the EU, saying it would help encourage more Taiwanese investment, especially from chip companies. The EU identified Taiwan as a candidate for a BIA in 2015, but no talks have taken place on the issue. "On the basis of this mutual trust... can you tell EU headquarters, on the BIA, can it start, effectively moving it forward?" A Taiwanese government official said last month that Taiwan is seeking other trade agreements with the EU given the BIA is a "long shot".

Persons: Taiwan National Development Council Minister Kung Ming, hsin, Ben Blanchard, Development Council Minister Kung Ming, Tsai Ing, Tsai, John Stonestreet Organizations: Taiwan National Development Council Minister, Reuters, REUTERS, Rights, European Union, BIA, European, EU, Development Council Minister, Trade Organisation, Taiwan Semiconductor Manufacturing Corp, chipmaker, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, EU, Europe, Asia, China, Beijing, Germany

☆ Taiwan says awaiting US announcement on China chip waiver extension
▼ + stars: | 2023-10-12 | by ( Ben Blanchard | ) www.reuters.com time to read: +2 min

South Korea's government said this week that Samsung Electronics (005930.KS) and SK Hynix (000660.KS) will be allowed to supply U.S. chip equipment to their China factories indefinitely without separate U.S. approvals. "Whether it will be the same treatment as Samsung and SK Hynix, it's up to the announcement from the U.S. government," Wang told reporters in Taipei. Samsung and SK Hynix, the world's largest and second-largest memory chipmakers, had invested billions of dollars in their chip production facilities in China and welcomed the move. Samsung Electronics makes about 40% of its NAND flash chips at its plant in Xian, China, while SK Hynix makes about 40% of its DRAM chips in Wuxi and 20% of its NAND flash chips in Dalian. The companies together controlled nearly 70% of the global DRAM market and 50% of the NAND flash market as of end-June, data from TrendForce showed.

Persons: Florence Lo, Wang Mei, Biden, Wang, chipmaker, TSMC, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, U.S, Samsung Electronics, SK Hynix, Samsung, U.S ., United, Korean, Thomson Locations: Rights TAIPEI, Taiwan, China, KS, Taipei, TSMC, United States, Nanjing, Xian, Wuxi, Dalian, TrendForce

☆ Ex-Australia PM Says He Also Had Beijing in Mind When Arming Ukraine
▼ + stars: | 2023-10-11 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

TAIPEI (Reuters) - Former Australian Prime Minister Scott Morrison said on Wednesday that he also had Beijing on his mind when he decided to help arm Ukraine given Western concern about the global expansion of authoritarianism. Speaking at a forum in Taipei, Morrison said his decision to fund lethal defensive weapons for Ukraine after Russia's invasion had a broader message. "When my government took the decision for Australia to swiftly provide lethal aid to support and assist Ukraine following the illegal invasion by Russia, that decision was taken with as much of having Beijing in mind as Moscow," Morrison said. China has refused to condemn Moscow for the invasion of Ukraine it launched in February 2022. It has offered its own peace plan, which received a lukewarm response in both Russia and Ukraine.

Persons: Scott Morrison, Morrison, China's, Ben Blanchard, Nick Macfie Organizations: Australian Locations: TAIPEI, Beijing, Ukraine, China, Canberra, Australian, United States, Taipei, Australia, Russia, Moscow, Taiwan, South China

☆ Taiwan Sets up Task Force to Study Israel-Hamas War
▼ + stars: | 2023-10-11 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

Chiu, asked by reporters at parliament about what lessons Taiwan has learned from Israel's conflict with Palestinian Hamas militants, said the ministry had set up a task force to monitor the situation. Taiwan holds presidential and parliamentary elections in January, which the main opposition party, the Kuomintang (KMT), has cast as a choice between war and peace. The KMT has accused the ruling Democratic Progressive Party (DPP) of taking Taiwan to the brink of war by intentionally provoking China, which it strongly denies. Senior DPP lawmaker Wang Ting-yu, responding on his Facebook page, criticised the KMT for not condemning China and its threats against Taiwan. Israel is an even smaller nation than Taiwan and likewise lives under constant threat," he told an audience that included Taiwan Foreign Minister Joseph Wu.

Persons: Yimou Lee, Ben Blanchard, Chiu Kuo, cheng, heightening, Chiu, Tsai Ing, Eric Chu, Chu, Wang Ting, Wang, Tsai, Scott Morrison, Joseph Wu, Gerry Doyle Organizations: Defence, Taiwan, Kuomintang, KMT, Democratic Progressive Party, Sunday, Beijing, Taiwan Foreign, Stockholm International Peace Research Institute Locations: Ben Blanchard TAIPEI, Taiwan, Israel, China, Beijing, Hamas, Palestinian, Australian, Taipei, Stockholm

☆ Armed with a heavyweight torpedo made to 'break ships in half,' Taiwan's first homemade submarine represents a new threat to China's navy
▼ + stars: | 2023-10-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

The vessel's ability to carry a powerful heavyweight torpedo capable of defeating ships and submarines — the US-made Mark 48, or Mk-48 — is a real eye-catching feature. The vessel — its English name "Narwhal" and Mandarin name "Hai Kun" — is the first sub of the island's Indigenous Defense Submarine program, a top priority in Taipei. AdvertisementAdvertisementTaiwan President Tsai Ing-wen receiving a submarine model in front of Taiwan's first locally built submarine, "Narwhal," during the vessel's unveiling ceremony at the CSBC Corporation shipbuilding company in Kaohsiung in September. US Navy/MC1 Michael B ZingaroOriginally designed in the late 1960s and deployed in the late 1980s, the Mk-48 torpedo was intended to counter advances in Soviet submarine technology. These considerations make the Mk-48 torpedo key.

Persons: —, Tom Shugart, who's, they're, Tsai Ing, Bryan Clark, Clark, Donald Trump, Michael B, It's, Shugart, MCSN Jaimar Carson, Huang Shu, kuang, they've, Philip Davidson, Michael B Zingaro, it's, Huang, wouldn't Organizations: China, Service, US, Center, New, New American Security, Indigenous Defense, CSBC Corporation, SAM, Getty, US Navy, Hudson Institute, Army, Pacific Command, Tomahawk, Maritime Locations: Taiwan, bulking, New American, Kaohsiung, Taipei, AFP, Los Angeles, Columbia, Soviet, Jefferson City, Beijing, China, Ukraine

☆ Armed with a heavyweight torpedo made to 'break ships in half,' Taiwan's first homemade submarine will represent a new threat to China's navy
▼ + stars: | 2023-10-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

☆ Heavy rainstorms to hit southern China after Typhoon Koinu batters Taiwan
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Workers lift up a turned-over food cart after Typhoon Koinu passed the southern tip of Taiwan, in Kenting, Taiwan October 5, 2023. REUTERS/Carlos Garcia Rawlins/File Photo Acquire Licensing RightsBEIJING, Oct 6 (Reuters) - Heavy rainstorms and strong winds will hit southern China in the next three days as Typhoon Koinu approaches the coast of Guangdong province after killing one and injuring hundreds in Taiwan. Typhoon Koinu, which means "puppy" in Japanese, will bring heavy rain along the coasts of Guangdong and neighbouring Fujian province in the next three days, China's National Meteorological Centre (NMC) said. It also issued a yellow alert for strong winds, the third highest in a four-coloured warning system. The typhoon is expected to weaken into a strong tropical storm from late Friday and grow weaker as it heads west along China's southern coast, it said.

Persons: Koinu, Carlos Garcia Rawlins, Typhoon Koinu, Albee Zhang, Ben Blanchard, Michael Perry 私 Organizations: Workers, REUTERS, Rights, National Meteorological Centre, NMC Locations: Taiwan, Kenting, Rights BEIJING, China, Guangdong, Fujian, Shanwei, Beijing, Taipei

☆ Taiwan elects its own leaders so is already independent: presidential frontrunner
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Taiwan's Vice President William Lai announces his "National Project of Hope" ahead of the upcoming presidential election in Taipei, Taiwan September 6, 2023. In an interview with Japanese media, a transcript of which his campaign team released on Friday, Lai was asked on his position on Taiwan independence. Taiwan regularly elects leaders at all levels of government, right from the grassroots up to the president, Lai said. Therefore, there is no need to declare Taiwan's independence again," he added. Taiwan President Tsai Ing-wen cannot stand again after two terms in office.

Persons: William Lai, Ann Wang, Lai, Tsai Ing, Mao Zedong's, Ben Blanchard, Lincoln Organizations: of, REUTERS, Rights, Taiwan Affairs Office, Kuomintang, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, Beijing, Republic of China, People's Republic of China

☆ Taiwan elects its own leaders so it is already independent, presidential frontrunner says
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: +1 min

Taiwan Vice President and Chairman of ruling Democratic Progressive Party, or DPP, William Lai gestures during his speech at the DPP headquarters in Taipei on April 12, 2023. In an interview with Japanese media, a transcript of which his campaign team released on Friday, Lai was asked on his position on Taiwan independence. Taiwan regularly elects leaders at all levels of government, right from the grassroots up to the president, Lai said. If it is not sovereign and independent, how can there be a presidential election? Therefore, there is no need to declare Taiwan's independence again," he added.

Persons: William Lai, Lai Organizations: Taiwan, Democratic Progressive Party Locations: Taipei, Taiwan, China, Beijing, Republic of China

"The fourth quarter should see significant growth compared to the third quarter," it added, without elaborating. Foxconn, formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$660.7 billion ($20.46 billion), down 19.7% year-on-year but soaring 60.1% from August. Revenue in its smart consumer electronics products, including smartphones, saw strong growth month-on-month "due to new product launches in September", Foxconn said. Foxconn is the world's biggest iPhone assembler, but has been trying to diversify into electric vehicles. It added that September year-on-year revenue for cloud and networking products, which includes servers, declined due to "conservative customer pull-in".

Persons: Dado Ruvic, Foxconn, Ben Blanchard, Sarah Wu, Kim Coghill Organizations: REUTERS, Apple, Hai Precision Industry Co, Revenue, Thomson Locations: TAIPEI, Taipei, Taiwan

☆ Cartoon elves and scrolls visualize Chinese military’s goal of Taiwan ‘reunification’
▼ + stars: | 2023-10-03 | by ( Jessie Yeung | ) edition.cnn.com time to read: +7 min

It has long vowed to “reunify” Taiwan with the Chinese mainland, by force if necessary. The Chinese painting "Dwelling in the Fuchun Mountains" displayed in its entirety in the National Palace Museum Taipei on June 1, 2011. As a result, the scroll has long been seen as a living symbol of the division between China and Taiwan. Visitors look at "Dwelling in the Fuchun Mountains" at the National Palace Museum Taipei on June 1, 2011. The “Escape from the British Museum” series “has struck a chord in people’s hearts and reflects the deep patriotic sentiments,” said one article in the state-run tabloid Global Times.

Persons: Hong Kong CNN —, “, Patrick lin, Huang Gongwang, —, Shi Tang, Xi Jinping, ” Xi’s, Chiang Kai, Mao Zedong’s, ” Organizations: Hong Kong CNN, Eastern Theater Command, People’s Liberation Army, PLA, Communist Party, Theater Command, Palace Museum, Getty, National, Museum, Zhejiang Provincial Museum, National Palace Museum, Taiwan, World Health Organization, Olympic Games, Asian, British Museum ’, British Museum, Beijing’s, Nationalist, Global Times, British Locations: Hong Kong, Taiwan Strait, People’s Republic of China, Taiwan, Palace Museum Taipei, AFP, Taipei, Hangzhou, China, National Palace Museum Taipei, Beijing, Ukraine, Fujian, London, Mao Zedong’s Communist, Greater China

☆ Two elves and a scroll: China military releases animation on Taiwan 'reunification'
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

The shorter piece of the scroll, known as "The Remaining Mountain", about 51 cm long, is at the Zhejiang Provincial Museum in Hangzhou city. Taiwan's National Palace Museum has kept the 640-cm long "Master Wuyong Scroll" since the 1950s. The two pieces were reunited in 2011 when China lent its fragment to the Taiwanese museum for two months during a period of warmer relations as Taiwan pursued a policy of economic rapprochement with China. But in recent years, as relations have cooled, China has ramped up military activities around Taiwan, including drills over the past month that Beijing said were targeted at combating separatist forces. While China is keen to woo Taiwan with promises of economic gains, the threat of taking Taiwan by force is unrelenting.

Persons: Huang Gongwang, Pichi Chuang, Yuan, Ryan Woo, Robert Birsel Organizations: National, Museum, REUTERS, Rights, Eastern Theatre Command, Zhejiang Provincial Museum, Eastern, Command, Thomson Locations: Taipei, Rights BEIJING, Taiwan, China, Beijing, Taiwan Strait, Hangzhou city, Taiwan's, Fujian

☆ Fixing Intel ends with taking it apart
▼ + stars: | 2023-09-29 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

A man walks past an Intel wall at the 2009 Computex trade show in Taipei June 3, 2009. REUTERS/Pichi Chuang Acquire Licensing RightsNEW YORK, Sept 29 (Reuters Breakingviews) - Intel (INTC.O) will have to get out of its own way. But now that its manufacturing technology has fallen behind, it’s dragging down both sides of the business. Snag is, Intel’s manufacturing arm will always have a reason to prioritize its own chips to support its design business. CONTEXT NEWSIntel announced on Sept. 29 the start of high volume manufacturing using its Intel 4 process technology at a plant in Leixlip, Ireland.

Persons: Pichi Chuang, Boss Pat Gelsinger, Intel’s, Gelsinger, Jonathan Guilford, Sharon Lam Organizations: Intel, Electronics, Reuters, Thomson Locations: Taipei, Taiwan, Arizona, Leixlip, Ireland

☆ Taiwan says China knows armed threats backfire on influencing elections
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

China has never renounced the use of force to bring democratically governed Taiwan under its control, viewing the island as one of its provinces. In 1996, China lobbed missiles into the Taiwan Strait to try to intimidate the island's voters against voting for Lee Teng-hui as president, who Beijing despised for his perceived pro-independence sympathies. That triggered the so-called Third Taiwan Strait Crisis, in which the U.S. Navy carried out a massive show of force in the strait. Lai has said he does not seek to change the status quo, and has repeatedly offered talks with Beijing. Wu said China was preparing for a possible attack against Taiwan, including how the People's Liberation Army would deal with U.S. intervention.

Persons: Lee Teng, Lee, William Lai, it's, Joseph Wu, Lai, Wu, Ben Blanchard, Gerry Doyle Organizations: U.S . Navy, Democratic Progressive Party, Taiwan Affairs Office, People's Liberation Army, Thomson Locations: TAIPEI, Taiwan, Beijing, China, Taiwan Strait, Taipei, Japan, Australia, United States

☆ 'Narwhal' ship: Taiwan unveils first domestically built submarine as China threat grows
▼ + stars: | 2023-09-28 | by ( Eric Cheung | ) edition.cnn.com time to read: +9 min

“It is also important equipment for our naval forces in developing asymmetric warfare strategies.”“In the past, many people thought building an indigenous submarine would be an impossible task. Taiwan's president gives a speech at the launch ceremony of Taiwan's first domestically built submarine, in Kaohsiung on September 28. Tsai said the indigenous submarine project was “a top priority” of her administration. Video Ad Feedback Taiwan's military is preparing in case China attacks. But Taiwan’s indigenous military procurement program remains a lynchpin of its defense strategy, particularly when it comes to systems like anti-ship missiles that could defend against a potential invasion.

Persons: Tsai Ing, Kun, ” Tsai, “, Tsai, Taiwan's, Eric Cheung, Sandra Oudkirk, Washington’s, Admiral Huang Shu, kuang, Huang, ” Huang, Collin Koh, ”, Admiral Huang, Joe Biden, Donald Trump, Xi Jinping, Nancy Pelosi, Lee Teng Organizations: Taiwan CNN, Taiwan, CNN, National Security Council, Rajaratnam, of International Studies, PLA Navy, Party, US Pacific Fleet Locations: Kaohsiung, Taiwan, Taipei, Beijing, China, ”, Philippines, Japan, Singapore, Philippine, United States, Taiwan Strait, South Korea, India

☆ China says aim of its drills near Taiwan is to combat 'arrogance' of separatists
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +4 min

Solider miniatures are seen in front of displayed Chinese and Taiwanese flags in this illustration taken, April 11, 2023. "The purpose is to resolutely combat the arrogance of Taiwan independence separatist forces and their actions to seek independence," Zhu said. "The provocation of Taiwan independence continues all day long, and the actions of the People's Liberation Army to defend national sovereignty and territorial integrity are always ongoing," she added. "I hope that the majority of Taiwanese compatriots will clearly distinguish between right and wrong, resolutely oppose Taiwan independence, and work with us to maintain peace and stability in the Taiwan Strait." Taiwan's defence ministry last week also took the unusual step of announcing it was monitoring Chinese drills in Fujian province, opposite Taiwan.

Persons: Dado Ruvic, Zhu Fenglian, Zhu, Li Shangfu, Taiwan's, Yimou Lee, Ben Blanchard, Himani Sarkar, Gerry Doyle Organizations: REUTERS, Rights, Taiwan Affairs, People's Liberation Army, Defence, Reuters, Democratic Progressive Party, Beijing, Thomson Locations: Rights BEIJING, Taiwan, Taipei, China, Shandong, Beijing, Fujian

☆ Pegatron India fire traced to workers' failure to turn off switch -sources
▼ + stars: | 2023-09-27 | by ( Praveen Paramasivam | ) www.reuters.com time to read: +4 min

People are seen outside the main gate of the Pegatron facility following a fire incident at the facility near Chennai, India, September 26, 2023. A senior Tamil Nadu government source, and another industry source briefed on the matter, detailed how Sunday's events unfolded. One smartphone industry source with direct knowledge said the charging racks at the Pegatron plant are typically switched off after three Saturday shifts end early on Sundays. The fire damaged some machines, said the government source and another source with direct knowledge, who spoke on condition of anonymity. About 8,000 people work on the assembly line at the Pegatron facility, which sprawls across 39,000 sq.

Persons: Praveen, Pegatron, Praveen Paramasivam, Munsif, Faith Hung, Ben Blanchard, Aditya Kalra, Clarence Fernandez Organizations: REUTERS, Sunday, Reuters, Apple, Tamil, Firemen, Thomson Locations: Chennai, India, Tamil Nadu, Taiwan, Chengalpattu, Bengaluru, Taipei

☆ Mexico eyes US energy exports from solar farm, chip supply chain role
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Mexico’s state of Sonora Governor Alfonso Durazo speaks during an interview with Reuters in Taipei, Taiwan September 25, 2023. During a visit to Taiwan, Sonora Governor Alfonso Durazo said the "Plan Sonora" solar energy project would not only help improve domestic connectivity to the national grid, but also to export to the United States. "We want to convert our state into an exporter of clean energy, particularly for semiconductor and electric vehicle industries." "Assuming as a natural complement of all these processes of relocation of investment in Arizona, we also see TSMC as an obvious option for Sonora state," he said. Sonora also boasts major lithium deposits, which Lopez Obrador formally nationalised in Mexico earlier this year.

Persons: Alfonso Durazo, Carlos Garcia Rawlins, Andres Manuel Lopez Obrador's, Durazo, Foxconn, Lopez, Ben Blanchard, Carlos Garcia, Jamie Freed Organizations: Reuters, REUTERS, Rights, Puerto, Apple, Hsinchu Science Park, EV, Thomson Locations: Sonora, Taipei, Taiwan, Rights TAIPEI, California, Arizona, Mexican, United States, Mexico, Foxconn, Hsinchu

☆ Taiwan lobbies Australian lawmakers on supporting its bid for Pacific trade pact
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Sept 26 (Reuters) - Taiwan President Tsai Ing-wen on Tuesday called on Australia to support its bid to join a pan-Pacific free trade pact during a meeting with a group of visiting Australian lawmakers. The CPTPP is a landmark trade pact agreed upon in 2018 by 11 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. "We look forward to the continued strengthening of economic and trade cooperation between Taiwan and Australia," Tsai said in comments released by her office. "We also hope that the Australian government and parliament will support Taiwan's accession to the CPTPP to jointly promote economic growth and sustainable development of the Indo-Pacific region." "Protecting the free and open Indo-Pacific region is the common goal of Taiwan and Australia."

Persons: Tsai Ing, Tsai, Don Farrell, Ben Blanchard, Kirsty Needham, Gerry Doyle Organizations: Trans, Pacific, Taiwan, Australian Trade, Thomson Locations: TAIPEI, Taiwan, Australia, China, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, Britain, Taipei, Sydney

Chen told CNN he “felt sad, angry and afraid” after receiving such a call on July 21, when police told him to undergo a psychiatric evaluation. When evening fell, he crossed the border into the Laos mountains, he told CNN – and by early August, he’d crossed the Mekong River and entered Thailand. Many Chinese dissidents do not feel safe in Thailand given the government’s often friendly links with Beijing, and in the past dissidents based there have turned up in Chinese custody. Soon after posting his video, Chen was taken for questioning by Taiwan’s immigration authorities and the Mainland Affairs Council, he told CNN. Laos lies across China’s southwestern border and has long been a common, albeit risky, exit point for Chinese dissidents trying to leave the country.

Persons: Taiwan CNN —, Chen Siming, Chen, Xi Jinping, “, ”, he’d, Beijing’s, Jiang Yefei, Dong Guangping –, Lu Siwei, Lu, Wang Dan Organizations: Taiwan CNN, CNN, United Nations, Refugees, Taoyuan International Airport, Chinese Communist Party, Communist Party, Mainland Affairs Council, UNHCR, Taiwan Affairs Office Locations: Taipei, Taiwan, United States, Canada, Thailand, China, Beijing, Laos, Guangzhou, Taoyuan, Hong Kong, West, Southeast Asia

☆ Apple's Chinese supplier Luxshare's production of some iPhone 15s doubled in a year
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Ann Wang/File Photo Acquire Licensing RightsBEIJING, Sept 21 (Reuters) - Apple Inc's (AAPL.O) Chinese supplier Luxshare Precision Industry (002475.SZ) is producing three models of iPhone 15 series this year, and the business has doubled in a year, Luxshare's chairwoman said on Thursday. Luxshare has increased the production types and numbers of Apple's iPhone products in recent years, Wang added. "Luxshare is continuing to expand its production capacity in China to meet Apple's needs," Wang said, adding the company built a new plant in Kunshan last year to support the development and mass production of iPhone. "The fact that Luxshare Precision can have this scale this year is inseparable from Apple's support," Wang told the Paper. Founded in 2004, Luxshare became an Apple supplier in 2011 and has steadily moved up the hardware giant's value chain, from making connector cables for the iPhone and Macbook to manufacturing Airpods.

Persons: Ann Wang, Wang Laichun, Wang, Luxshare, Ella Cao, Meg Shen, Jane Merriman Organizations: Apple, REUTERS, Rights, Luxshare Precision Industry, Apple Vision, Thomson Locations: Taipei, Taiwan, Rights BEIJING, China, Kunshan, Beijing, Hong Kong

Search resuls for: "In Taipei"

25 mentions found