Taiwan Semiconductor previously bought 1,129 acres to build a $12 billion factory, joining other semiconductor makers with operations in metro Phoenix ... ( read original story ...)
First Internet-only bank in Taiwan to start operation
Rakuten International Commercial Bank (RICB) will become the first Internet-only bank to start operation in Taiwan by the end of. ( read original story ...)
China Hands Rare Death Sentence to Former Asset-Management Head
The former chairman of one of China’s biggest state-owned asset-management companies receives the death penalty on bribery and corruption charges, a striking signal in Beijing’s campaign to rein in ... ( read original story ...)
Avoid Alibaba Until Political Headwinds Clear
The Ant Financial IPO should have added $34 billion for Ant ... This could hurt Baidu (NASDAQ:BIDU), Taiwan Semiconductor (NYSE:TSM), and Tencent. Notably, TSM resides in Taiwan, not China. ( read original story ...)
Asia Pacific Wire & Cable Corporation Ltd. Reports Third Quarter 2020 Financial Results
Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC ) (“APWC” or the “Company”), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in ... ( read original story ...)
Taiwan raises monthly minimum wage to NT$24,000 effective January
The wage hike is expected to benefit some 1,558,500 workers, which includes 1,097,700 Taiwanese and 460,800 foreigners. ( read original story ...)
Top Pentagon official dismissed U.S. alliances with Taiwan, Australia
Retired Army Gen. Lloyd Austin, if confirmed as secretary of defense, will rejoin a senior adviser at the Pentagon who privately expressed some unconventional views on alliances with longtime U.S. ( read original story ...)
UPDATE 3-Mexico raises $3 billion with first Formosa 50-year bond
Mexico's government has issued its first "Formosa bond" with an offering of 50-year notes in U.S. dollars on the Taiwanese market and raised $3 billion, the finance ministry said on Monday. ( read original story ...)
How Chinese President Xi Jinping scuttled Jack Ma’s Ant group IPO
Alibaba's Jack Ma is the most celebrated Chinese entrepreneur in the world, however, now he has a target on his back and he only has one man to blame for it - Chinese President Xi Jinping. The Chinese ... ( read original story ...)
CDPQ and Cathay PE to acquire 50 pct stake in Danish energy company’s Taiwan wind farm
Caisse de dépôt et placement du Québec and Cathay Private Equity have agreed to acquire a 50 percent interest in Ørsted's 605-megawatt Greater Changhua 1 Offshore Wind Farm in Taiwan. ( read original story ...)
Convoy’s board swells to 16 directors as boardroom manoeuvres continue in shareholders’ jostle for control
The enlarged board would strengthen the hand of the Tsai family, which owns 29.98 per cent stake in Convoy, against an attempt by Kwok Hui-kwan – with 29.91 per cent shareholding – to seize control of ... ( read original story ...)
John J. Tkacik, Jr. On Taiwan: China’s 2021 demands
The Chinese always test incoming American presidents. George W. Bush had his “EP-3 Hainan Incident” (he announced an US$8 billion arms package for Taiwan); Obama had his “USNS Impeccable” (he ignored ... ( read original story ...)
Ontario finance minister resigns after tropical vacation
The finance minister for Canada’s most populous province resigned Thursday after going on a Caribbean vacation during the pandemic and seemingly trying to hide the fact by ... ( read original story ...)
From Ant Group to Bitcoin: the questions for Asian business in 2021
A new year does not mean the end of some of the issues that grabbed the attention of Asia's business leaders and entrepreneurs in 2020. The coronavirus pandemic has not interrupted intense debates ... ( read original story ...)
CTBC Brand Campaign Gives Gratitude to Employees
COVID-19 pandemic. Directed by Hsiao Ya-chuan (蕭雅全) and uses “Thank You” by artist Summer Lei (雷光夏) as background music, the video restores the 91 days where more than 2,600 CTBC employees worked ... ( read original story ...)
Nvidia Rival Graphcore Raises $222 Million for AI Chips With Potential IPO on the Horizon
Graphcore has raised $222 million as it looks to take on U.S rivals Nvidia and Intel. The Series E funding round, which comes less than a year after Graphcore raised a $150 million extension to its ... ( read original story ...)