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Losses in global foundry sales in 2023 will hurt Taiwan and South Korea.
This year is expected to be a down year for revenues in the worldwide contract chipmaking industry, also known as foundries, as demand for sophisticated chips, which have strengthened the technology-driven economies of Taiwan and South Korea, rapidly cools. Foundry sales are forecast to drop by 4...
Sales of global foundries are expected to fall in 2023, hurting Taiwan and South Korea in particular.
The advanced chips that have strengthened the economies of Taiwan and South Korea through technological innovation have seen a sharp decline in demand, and foundry revenues around the world are expected to plummet as a result. Foundry sales are predicted to fall by 4% in 2023 from 2022, according...
28 FIGHTER JETS FLOWN BY CHINA TOWARDS TAIWAN
Highlights –
- 28 fighter jets flown by China towards Taiwan.
- This is the largest display of force by Beijing towards Taiwan.
- Taiwan's air force deployed its combat air patrol forces in response.
- G-7 nations issued a stat...
JAPAN, AUSTRALIA BEGAN TALKS TO STREGNTHEN SECURITY TIES
Highlights –
- Japan, Australia began talks to strengthen security ties.
- The countries will also discuss on peace and stability of the Taiwan Strait.
- They are also expected to share concerns over Beijing's growing military presence ...
JAPAN TO PROVIDE COVID-19 VACCINE OF 1.29 MILLION DOSES TO TAIWAN
Highlights –
- Japan to provide COVID-19 vaccine of 1.29 million doses to Taiwan.
- Japan will provide AstraZeneca’s COVID-19 vaccine to Taiwan.
- The vaccines will arrive in Taipei by air later Friday.
- The offer was arrang...
TRANSIT OF WARSHIP LEADS TO A WAR OF WORDS BETWEEN THE US AND CHINA
Highlights
• Beijing said that the American vessel was “warned away” from the contested waters by its naval forces
• The US said that the warship “USS Curtis Wilbur was not ‘expelled’ from any nation’s territory” from near th...
TAIWAN PRESIDENT AIMS TO PROVIDE DOMESTICALLY DEVELOPED COVID-19 VACCINE
Highlights –
- Taiwan President aims to provide domestically developed COVID-19 vaccine.
- In the past week Taiwan reported more than 1,000 coronavirus cases.
- Taiwan’s vaccine development is said to be in its final stages of clinica...
TAIWAN PRESIDENT REASSURES PUBLIC OF HANDLING COVID-19 CASES WELL
Highlights –
- Taiwan president reassures public of handling COVID-19 cases well.
- Taiwan reported 6 local COVID-19 cases recently.
- 5 cases were discovered in a gaming cafe in Yilan county on Taiwan's eastern coast.
- On Tue...
PETER DUTTON: CONFLICT WITH CHINA OVER TAIWAN SHOULD NOT BE DISCOUNTED
Highlights:
- The defence minister of Australia said that, the conflict with China over Taiwan should not be discounted
- He also said that, Australia is going to be working with its allies in the region for maintaining peace
On Sunday, ...
AS US ENVOYS VISIT TAIWAN, CHINA CONDUCTS ‘COMBAT DRILLS'
Highlights
• According to Reuters, former US senator Chris Dodd, and former deputy secretaries of state James Steinberg and Richard Armitage arrived in Taipei on Wednesday in an unmarked private jet.
• On the other hand, China’s Taiwan affairs office in B...
CHINA PROTESTS PASSAGE OF A U.S. DESTROYER THROUGH TAIWAN STRAIT
Highlights
• Zhang Chunhui, spokesperson for the Chinese military's eastern theater command said in a statement that China tracked and monitored the USS John S McCain throughout its passage on Wednesday
• The US Navy also announced the carrier Theodore Roosevelt ...
CHINA NAVY SAYS CARRIERS WILL CONTINUE DRILLS NEAR TAIWAN
Highlights –
- China navy says carriers will continue drills near Taiwan.
- China’s first aircraft carrier Liaoning has been put to active service for ‘routine’ drills near Taiwan.
- Taiwan President Tsai Ing-wen is overse...
TAIWAN’S TSMC TO INVEST $100 BILLION TO EXPAND ITS MANUFACTURING CAPACITY
Highlights –
- Taiwan’s TSMC to invest $100 billion to expand its manufacturing capacity.
- Apple Inc. and Qualcomm Inc. mostly uses processor chips made by TSMC.
- The chip maker’s revenue was 18% higher in January-February per...
CHINA’S MILITARY ACTIVITIES INCREASE TOWARDS TAIWAN
Highlights –
- China’s military activities increase towards Taiwan.
- China is said to be working up to attack and blockade Taiwan.
- China is said to be deploying “grey zone” warfare tactics to subdue Taiwan.
- C...
CHINESE STOCK MARKET SWAYS AS BANKS AND HEALTHCARE FIRMS POST RECORD WINS
- China stocks revival continued on Friday, on track to post weekly gains, as investors found support from a continued economic recovery, though Sino-U.S. tensions remained a point of consternation.
- The CSI300 index rose by 0.9%, to 5,522.21 points at the end of the morning sessi...
FIRST US WARSHIP SAILS THROUGH TAIWAN STRAIT AFTER BIDEN TOOK OVER THE OFFICE
Highlights
• The US Seventh Fleet said that the Arleigh Burke-class guided missile destroyer on Thursday conducted a routine transit via the waterway that separates Taiwan and the Chinese mainland
• This voyage was confirmed by the defence ministry of Taiwan without ...
TAIWAN PUT ON ALERT AND DEPLOYED SHIPS AND JETS OVER CHINESE AIRCRAFT CARRIER
Highlights –
- Taiwan put on alert and deployed ships and jets over Chinese aircraft carrier.
- A Chinese aircraft carrier the Shandong sailed through the strait in the Taiwan region.
- Taipei sent out six warships and eight aircraft to sta...
CHINESE SU35 FIGHTER JET SHOT AT IN TAIWAN AIRSPACE WITH PILOT INJURED
- It has been Reported that a Chinese SU 35 fighter jet has been shot by the US or Taiwan Air Defense System (ADS) near Taiwan Strait.
- Flames and clouds of smoke were seen billowing out of the Chinese jet.
The aircraft had allegedly intruded into Taiwanese...
CHINA COMPLAINS STATING US MEDDLING IN TAIWAN ECONOMY
- US announces to further talks on technology industry as Taiwanese president says she will lift ban on American beef and pork imports
- However, Beijing tells Washington to stop official relations in all forms and accuses it of breaking the one-China principle.
B...
U.S BLOCKS SHIPMENTS FROM TAIWAN BASED FISHING VESSEL REPORTED FOR ABUSIVE LABOUR CONDITIONS
Highlights –
- U.S blocks shipments from Taiwan based fishing vessel reported for abusive labour conditions.
- The U.S followed the reports from Greenpeace East Asia to keep out products that are the result of forced labour.
- The U.S...