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Taiwan became top chip manufacturer with US help. Can it stay there?

It was the first day after Lunar New Year in February 1974 when seven men gathered over breakfast at the Little Xin Xin Soy Milk stall in central Taipei and mapped out Taiwan’s foray into semiconductor manufacturing.In an anecdote that is now legendary, Pan Wen-yuan, a Chinese expatriate who was then a US-based research director at Radio Corporation of America (RCA), advised Sun Yun-suan, the minister for economic affairs, to develop integrated circuits. It would cost US$10 million and four… Source link

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China 

Taiwan M&A activity hits 15-year low as US-China trade war rocks business climate

Merger and acquisition activity in Taiwan has hit a 15-year low as the US-China trade war and a global recession have spooked investors who fear the business climate is deteriorating.According to data by Dealogic, the number of M&A deals so far this year dropped 42 per cent from the same period in 2018 to 71 while the transaction value of US$2.5 billion was the lowest since 2004.Ongoing trade tension between the world’s two largest economies and a global economic slowdown have worsened… Source link

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China will think long and hard before sending in the PLA – it needs the Hong Kong ‘experiment’ to work, and it wants Taiwan back

There has been much hand-wringing in Hong Kong in recent days over the danger that impatient hardliners in Beijing will detonate the nuclear option, either unleashing the People’s Liberation Army garrison on pro-democracy protesters or trundling in thousands of People’s Armed Police, who have been amassing in a sports stadium in Shenzhen. Commentators have agreed that as demonstrations have become more violent and as local police efforts to quell the violence have proved ineffective, so the… Source link

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Vietnam 

Taiwan quality items on display at Expo 2019  – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI — More than 30 top brands awarded with the prestigious Taiwan Excellence Award have joined in the Taiwanese International Trade Fair – Taiwan Expo 2019, hosted by the Taiwan External Trade Development Council (TAITRA). The three-day event began on Wednesday at Hà Nội’s International Center of Exhibition. Taiwan Expo 2019 attracts nearly 200 brand names covering multifaceted sectors, with a view to promoting Taiwanese image and products. Taiwan Excellence Pavilion is expected to impress visitors with the appearance of 34 prominent and top-quality Taiwanese brands, many that are already familiar with Vietnamese…

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China 

China’s sanctions threat against US firms after Taiwan arms deal casts shadow over Gulfstream’s ‘optimism’

The threat of Chinese sanctions against firms from the United States over arms sales to Taiwan may cast a shadow over Gulfstream’s “optimism in the region”, according to a lawyer whose company has advised the business jet giant.General Dynamics, and its subsidiary Gulfstream Aerospace, as well as Honeywell and Oshkosh Corporation, were named in an article posted an article on the official WeChat channels of both the People’s Daily and state broadcaster CCTV on Sunday, criticising their… Source link

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US defence giant Honeywell distances itself from Taiwan under threat of China sanctions over arms deal

After China’s state media named several US firms allegedly threatened by sanctions over arms sales to Taiwan, American aerospace and defence giant Honeywell has said it had “no input” into the agreement between Washington and Taipei.Both the People’s Daily and state broadcaster CCTV posted an article on their official WeChat channels on Sunday criticising Honeywell, Oshkosh Corporation, General Dynamics and its subsidiary Gulfstream Aerospace, for their involvement in the sale of tanks and… Source link

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Money 

Taiwan tech firms set to join exodus from China amid trade war, says Citibank research

A 25 per cent tariff will largely wipe out cost advantages of Taiwanese tech firms on the mainland, accelerating their exodus from China and lead to as many three million job losses, a Citibank study predicted on Thursday.“Taiwan firms’ exports account for at least 10 per cent of total Chinese exports, and 37 Taiwanese firms operating in China are in the top 100 exporters’ list to US,” the report said, adding that because of rapidly rising wages and other costs, labour intensive industries have… Source link

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Taiwan halts NT$1 billion investment by Hong Kong firm with ‘extreme deep connections’ to Beijing on security grounds

A part of the largest property development project in Taipei has been halted, after Taiwan’s ministry of economic affairs blocked a key investor citing national security concerns.Hong Kong-listed Nan Hai Corporation had bid through a wholly-owned subsidiary, Nan Hai Development, along with Malaysian property developer Malton Berhad to develop a property worth NT$1 billion (US$32.2 million) connecting metro stations, office buildings and shopping malls near the Taipei railway station. The… Source link

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Foxconn chairman Terry Gou hands over reins ahead of Taiwan presidential bid

Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world’s largest electronics contract manufacturer to a new operations committee as he prepares to contest Taiwan’s presidential elections next year.The 68-year-old Foxconn founder was speaking at the company’s annual general meeting in Taipei, where a few hundred shareholders and supporters had braved the heat to watch a live broadcast on big screens. The move was widely expected.The Apple supplier, whose full name… Source link

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Singapore 

5 makeup brands to buy in Taiwan: Mkup, My Beauty Diary & more, Lifestyle, Singapore News

I don’t know about you, but I have a lot of confidence in Taiwanese beauty and makeup products. You would too if you’ve ever seen those trending videos of Taiwanese girls and their 180-degree transformations… they take dolling up very seriously. There’s also a hit TV programme called Queen (better known by its Chinese name, 女人我最大), which features some of their local cult products. If you’re headed there soon, here are some of the more popular beauty items to buy in Taiwan. What to buy in Taiwan – face masks,…

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