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Taiwan economy

Taiwan’s US$800 billion export-reliant economy depends largely on manufactured exports. Headline products include semiconductor chips, consumer electronics and machinery following the half-decade-old development of a hi-tech sector that supplies top brands such as Apple.

last updated:

9 September, 2024

TSMC

TSMC halts advanced chip orders from mainland China, source says

TSMC has told mainland Chinese clients it will no longer produce advanced chips for them, according to person briefed on the notice.

8 Nov 2024 - 7:00PM

US-China tech war

Musk’s SpaceX asks Taiwanese suppliers to move production abroad

6 Nov 2024 - 11:00AM

Taiwan economy

TSMC halts advanced chip orders from mainland China, source says

TSMC has told mainland Chinese clients it will no longer produce advanced chips for them, according to person briefed on the notice.

Musk’s SpaceX asks Taiwanese suppliers to move production abroad

Taiwan firms less worried about possible US-China war

Taiwan accuses 8 mainland Chinese firms of poaching chip talent

The eight companies named include Naura Technology Group, which counts mainland China’s largest chip makers as clients.

Dumpling giant Din Tai Fung folds in northern China as budgets kept under wraps

Din Tai Fung, a Taiwan-based restaurant chain, has announced it will close several of its mainland China stores as customers appear to have lost their appetite for pricier meals.

Mainland China resumes Taiwanese pomelo imports, ending 2-year ban

Curbs on Taiwanese pomelos by mainland China were imposed in 2022 in the wake of the visit by then-US House of Representatives speaker Nancy Pelosi.

Beijing should set up ‘shadow government’ ready to run Taiwan, academics say

In an article on social media, mainland Chinese research institute says a plan is needed for ‘comprehensive takeover’ of the island after unification.

Does a deal over 2 fishermen mean Taiwan and mainland China could revive talks?

A five-month crisis over the deaths of two men near Quemoy has ended but one critical obstacle remains, observers say.

Mainland China and Taiwan reach deal to resolve crisis over fishing crew deaths

More than a dozen rounds of sometimes acrimonious talks end with agreement on compensation to families and return of remains.

‘India, why not?’: Taiwan’s firms roll out welcome mat, but ‘prejudices’ lurk

Taiwan and India have signed a deal to allow Indian workers to help plug a stubborn labour shortage spawned by the island’s low birth rate.

Hedging risk, Taiwan’s hi-tech sector drifts towards India, Thailand, Vietnam

Company executives and analysts dissect why major Taiwanese tech firms have been shifting toward South and Southeast Asia, rather than expand at home or in mainland China.

AI computing pushes Taiwan’s geopolitics-weary tech sector into party mode

Taiwan’s trade data already reflects the rising global popularity of AI-optimised consumer electronics – a point hammered home at the recent Computex Taipei trade show.

Which needs do American firms in Taiwan say are not being met?

AmCham Taiwan’s annual paper flags urgent need to address natural disasters and talent shortages, with a desire to see continued defence support from Washington.

Mainland China suspends tariff arrangements on 134 items under Taiwan trade deal

Mainland China announced on Friday a suspension of some preferential tariff arrangements under its Economic Cooperation Framework Agreement with Taiwan.

As tensions chip at Taiwan’s ‘silicon shield’, semiconductor superiority may shift

The risk of cross-Strait conflict with mainland China appears to be chipping away at Taiwan’s long-held dominance in the semiconductor industry, underpinning a sense of urgency in diversifying hi-tech supply chains.

Beijing woos Taiwan hearts and minds with Fujian-Matsu investment package

Multimillion-dollar plan unveiled days before Monday’s presidential inauguration of independence-leaning DPP’s William Lai.

Taiwan-US trade talks enter second phase, bolstering ties and vexing Beijing

Trade talks between Taiwan and the United States for a phase-two deal have begun, with progress likely to be ‘harder’, analysts say, as more contentious topics fall under the microscope.

KMT’s Fu Kun-chi returns to Taiwan with peace mission for William Lai

Lai must deflect the risk of war by improving relations with mainland China, Fu says after trip to Beijing.

‘Strategic shift’ as US overtakes mainland China as Taiwan’s top export market

Taiwan’s exports to the US in the first quarter beat shipments sent to mainland China, with analysts pointing to a ‘strategic plan’ by Washington to construct and lead a world supply chain and market order.

Incoming Taiwan cabinet to feature fresh faces but security left to old hands

William Lai Ching-te’s ministerial team is expected to show Lai has no desire to alter cross-strait status quo: analysts.

Taiwan semiconductor veteran named as economy minister

Next government has signalled it will continue current policy of diversifying trade links and developing core industries, including cybersecurity and defence

A second KMT leader from Taiwan plans a visit to mainland China next week

The trip by Hau Lung-bin, a former mayor of Taipei, to take part in a tribute in Zhengzhou to the Yellow King will come as former Taiwan president Ma Ying-jeou finishes an 11-day ‘journey of peace’ to the mainland.

Research finds mainland China, G7 sanctions over Taiwan would be lose-lose

Researchers have released their findings on the likely devastating responses taken by G7 countries as well as mainland China if tensions over Taiwan turned for the worse.

Taiwan firms in mainland China turn ‘more cautious’ as moves intensify: survey

Geopolitical tensions, coupled with a weakened and more uncertain business environment on the mainland, continue to take a toll on investor confidence among Taiwanese investors.

As mainland China seeks more Taiwanese money, why aren’t more listening?

Mainland China is seeking to further integrate with Taiwan economically after Taiwanese approved investments fell to a 22-year-low in 2023.

Export growth sputters for tech powerhouse Taiwan, but rise reaches fourth month

Taiwan exports grew by a mere 1.3 per cent in February, though it still represented a fourth straight month of gains after having slipped for most of 2023.

Taiwan’s hi-tech export orders resume rise in January as world gears up for AI

Orders by value topped US$48 billion last month, and these also include purchases of semiconductors, electronics for cars, and electric vehicle components.

KMT deputy chief Andrew Hsia starts mainland China trip with call for dialogue

Hsia says he has no plans to meet mainland officials but is open to the possibility and would express condolences over the death of two mainland fishermen near Quemoy