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Taiwan's chipmaker TSMC, one of the world's largest companies, reported a 58 per cent jump in profit on Thursday for the January-March quarter, thanks to strong demand driven by the artificial intelligence boom, even as the Iran war was driving up costs. Taiwan Semiconductor Manufacturing Corp., a key supplier for Apple and Nvidia and the largest contract chipmaker in the world, reported a record net quarterly profit of 572.5 billion new Taiwan dollars (USD 18.1 billion) for the first three months of the year, better than analysts had expected. Profit for the quarter was 58.3 per cent higher compared to the 361.6 billion new Taiwan dollars (USD 11.5 billion) booked in the same period a year earlier. It was also 13.2 per cent higher compared with the previous quarter in October-December. Revenue increased 8.4 per cent in the January-March period from the previous three months to USD 35.9 billion, the company said. For the current April-June quarter, TSMC expects revenue to further gr
China said Sunday it would resume some ties it had suspended with Taiwan, such as direct flights to cities across China and imports of Taiwanese aquaculture products, as the island's opposition party leader concludes her visit. The Taiwan Work Office under China's Communist Party issued a statement saying it would explore setting up a longstanding communication mechanism between the Communist Party and Taiwan's Kuomingtang Party, and facilitate the import of Taiwan's aquaculture products, after it banned them in recent years. Cheng Li-wun, the head of the Kuomingtang, and China's President Xi Jinping held a high-profile meeting Friday during which both called for peace without offering specifics. Taiwan is self-ruled, but China claims the island as part of its territory. Relations between China and Taiwan have been tense since 2016, when the Taiwanese public elected Tsai Ing-wen from the Democratic Progressive Party as president. Since then, Beijing cut off most of its official ...
Taiwan opposition leader Cheng Li-wun arrived in China on Tuesday at the invitation of President Xi Jinping, in what she's calling a "journey for peace" as Beijing pushes for the self-ruled island to come under its control. The visit is the first by a Taiwanese opposition leader in a decade and comes ahead of a meeting in Beijing between Xi and US President Donald Trump scheduled to take place in May. Meanwhile, Taiwan's opposition-controlled parliament has stalled attempts by its government to pass a USD 40 billion special defence budget, expected to fund arms deals with the United States and the development of Taiwan's indigenous defence industry. China claims the self-ruled island as its own territory and has not excluded the use of force to take it. Beijing has been ramping up its military pressure against the island by sending warplanes and naval vessels near it almost daily, while its military occasionally stages live-fire drills around the island, the latest in December. Th
Taiwan saw a surge of Chinese military planes near the island, its defence ministry said on Sunday, after a sharp drop in flights over the past two weeks had sparked discussions among observers. The ministry detected 26 Chinese military aircraft around the island on Saturday, with 16 of them entering its central and southwestern Air Defence Identification Zone. Seven naval ships were spotted around the island, it reported. The increased number of aircraft came after the ministry reported a fall that left analysts scratching their heads about what China's military may be up to. Taiwan didn't report any Chinese military planes that went beyond the median line and entered the zone for a week from Feb. 27 to March 5. After two were detected on March 6, the next four days had none. Such flights resumed in small numbers between Wednesday and Friday. The drop coincided with the annual meeting of China's legislature. While such flights have fallen in the past during major events and public
The Trump administration has reached a trade deal with Taiwan, with Taiwan agreeing to remove or reduce 99 per cent of its tariff barriers, the office of the US Trade Representative said. The agreement comes as the US remains reliant on Taiwan for its production of computer chips, the exporting of which contributed to a trade imbalance of nearly USD 127 billion during the first 11 months of 2025, according to the Census Bureau. Taiwan's exports to the US will be taxed at a 15 per cent rate or the US government's "Most Favoured Nation" rate, the USTR's office said on Thursday. The 15 per cent rate is the same as that levied on other US trading partners in the Asia-Pacific region, such as Japan and South Korea. Trade Representative Jamieson Greer attended the signing of the reciprocal agreement, which occurred under the auspices of the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States. Taiwan's Vice Premier Li-chiun Cheng and
In Taipei, real estate agent Jason Sung is betting that home prices around a high-tech industrial park in the northern part of Taiwan's capital will soon take flight because of computer chip maker Nvidia. The area is where Nvidia plans to build its new Taiwan headquarters as it rapidly expands on the island, set to surpass Apple to become the biggest customer of Taiwan semiconductor maker TSMC, the biggest contract manufacturer of the advanced chips needed for artificial intelligence. Nvidia CEO Jensen Huang describes Taiwan as the "center of the world's computer ecosystem." It's riding high on the global AI frenzy. Its economy grew at an 8.6% annual pace last year, and it's hoping to maintain that momentum after it recently sealed a trade deal with U.S. President Donald Trump that cut U.S. tariffs on Taiwan to 15% from 20%. "We have been lucky," said Wu Tsong-min, an emeritus economics professor at National Taiwan University and a former board member of Taiwan's central bank. But