Taiwan


Global chip shortage threatens China car production

Global chip shortage threatens China car production

(ATF) The global shortage of semiconductors is hitting car production in China, where automotive executives say a recovery in the sector will begin.Carmakers around the world have had to adjust assembly lines due to the shortages, caused by manufacturing delays that some semiconductor makers blame on a faster-than expected recovery …

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Biden sends delegation to Taiwan as supply chain looms large

Biden sends delegation to Taiwan as supply chain looms large

(ATF) US President Joe Biden on Wednesday sent a high-level delegation to Taiwan, underscoring both continuing tense ties with China and the island's increasing importance to global supply chains.Taiwan's presidential office said former US senator Christopher Dodd and former deputy secretaries of state Richard Armitage and James Steinberg would land …

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South China Sea tensions spike, as oil and gas drilling continues

South China Sea tensions spike, as oil and gas drilling continues

(ATF) South China Sea developments are grabbing headlines once again. Chinese state media reported on Thursday that China had drilled deep in the controversial waterway to retrieve sediment core from the seabed.Chinese scientists on a marine research vessel used a domestically built “Sea Bull II” drilling system to obtain a …

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Improving economic outlook sustains market gains

Improving economic outlook sustains market gains

(ATF) Hong Kong: Asian markets were broadly firm as the US Federal Reserve minutes showed its view of the economy continued to improve and that it would continue asset purchases until it meets its employment and price stability goals.But Chinese markets remained under pressure as tensions between Beijing and Taipei …

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Growth upgrade boosts sentiment 

Growth upgrade boosts sentiment 

HONG KONG: Asian markets edged up after the IMF upgraded its global growth forecast but China’s markets underperformed amid growing cross-strait tensions and on concerns the central bank is tightening liquidity.China said its carrier group is exercising near Taiwan and such drills will become regular, while Taiwan’s foreign minister said …

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Global chip supply chain can’t take a punch, industry admits 

Global chip supply chain can’t take a punch, industry admits 

The global semiconductor supply chain is far from robust, a new study has revealed, and is especially vulnerable to natural disasters and escalating trade disputes.The paper from the US industry group says the vital sector is susceptible because suppliers have become concentrated in distinct regions, leaving not just the tech …

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Suez grounding threatens oil supply as insurance claims loom

Suez grounding threatens oil supply as insurance claims loom

(ATF) As the 224,000-tonne container ship Ever Given lay stricken astride the Suez Canal, bringing a significant portion of global trade to a halt, the reverberations from its grounding continued to make waves, threatening the ships' owners with huge insurance claims.Oil prices fell about 2% on March 24 as worries …

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TSMC share price short-circuits over Intel’s $20 billion expansion plan 

TSMC share price short-circuits over Intel’s $20 billion expansion plan 

Shares in the world’s largest contract chip maker – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) – fell by just under 4% on Wednesday after American rivals Intel unveiled a $20 billion expansion plan.Taiwan's economy minister sought to downplay the impact of Intel’s announcement but TSMC’s stock dropped 3.9% over news …

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Foxconn reported to be seeking Vietnam EV partnership

Foxconn reported to be seeking Vietnam EV partnership

(ATF) Taiwan's contract manufacturing giant Foxconn is in early stage talks with a Vietnamese carmaker about a partnership to produce electric vehicles (EV), according to weekend reports.Foxconn has proposed acquiring VinFast's EV production lines, Reuters reported, but VinFast, a unit of Vietnam's largest conglomerate Vingroup, prefers a partnership.The Vietnamese company …

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Taiwan's Delta, booming in pandemic, pulls back China operations

Taiwan's Delta, booming in pandemic, pulls back China operations

(ATF) Taiwan-based Delta Electronics, a manufacturer of power and other components to companies such as Apple, has bypassed supply chain blockages and geopolitical tensions by ordering semiconductors early and slashing its China workforce.A surge in demand for consumer electronics has driven a global chip shortage that has idled car factories …

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