Page 38 - Taiwan

Foxconn's billionaire founder Gou to drop out of Taiwan presidential race

The decision brings to an end Gou's years-long pursuit of Taiwan's most-powerful job - at least for now

Innova Solutions shifts focus to India, to expand operations in 2024

Global IT firm Innova Solutions has shifted its focus back to India and will look to expand operations and rope in talent from the country next year, a senior executive of the company said. Pradeep Yadlapati, Senior Vice President, India Head & APAC Special Business Unit Head, Innova Solutions, said the company operates in various segments, including health, BFSI, communications, and media. "This year, we shifted our focus to India. Large corporates are looking at India for skills and technology, not just cost capital. India is emerging as a growth market for technology and talent," Yadlapati told PTI. Yadlapati said India continues to play an important role in the region in terms of technology and talent, and the momentum will spill over to 2024. "This year, we were able to consolidate all our brands," he said. "We run our IT infrastructure applications in the laboratories, which are managed by vertical heads in India," he added. Headquartered in Georgia, US, Innova Solutions ..

Xi calls for economic exchanges with Taiwan before meeting with Biden

Xi urged more efforts "to facilitate economic exchanges and cooperation and advance integrated development in all fields across the strait," the official Xinhua News Agency reported

China's probe into Foxconn aims to disrupt election in Taiwan: Official

Foxconn is one of the world's largest contract producers of electronics as well as being a key supplier for Apple's iPhones

US-China ties can easily veer towards conflict if not well managed: NSA

The United States-China could easily veer towards a conflict if it is not well managed, US National Security Advisor Jake Sullivan has said ahead of the much-anticipated meeting between US President Joe Biden and his Chinese counterpart Xi Jinping. Biden and Xi are scheduled to meet in San Francisco on Wednesday on the sidelines of the APEC Leadership meeting. The White House is calling it a summit. Sullivan on Monday said the US president has the opportunity to engage, so do the rest of his team, on how they effectively manage peace and stability across the Taiwan Strait. "Those are some of the issues that, through intense diplomacy, we have been able to manage," he said. "Then will look for opportunities to actually generate affirmative outcomes that deliver tangible progress for the American people in areas where our interests overlap. I mentioned, for example, the issue of fentanyl. "We're hoping to see some progress on that issue this coming week, and that could then open the

China's largest chipmaker SMIC's Q3 net down 80%; says market stabilising

Their results echoed others such as Taiwan's TSMC and Germany's Siltronic, who have faced similar earnings pressure from a slowdown in the semico­nductor industry

Biden, Xi to meet on Nov 15 for talks on talks on trade, Taiwan: Report

President Joe Biden and Chinese President Xi Jinping will meet Wednesday in California for talks on trade, Taiwan and managing fraught US-Chinese relations in the first engagement between the leaders of the world's two biggest economies in nearly a year, Biden administration officials said. The White House has said for weeks that it anticipated Biden and Xi would meet on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, but negotiations went down to the eve of the gathering, which kicks off Saturday. The officials, who briefed reporters on the condition of anonymity under ground rules set by the White House, said Friday that the leaders would meet in the San Francisco Bay area but declined to offer further details because of security concerns. Thousands of protesters are expected to descend on San Francisco during the summit. The meeting is not expected to lead to many, if any, major announcements, and differences between the two powers certainly won't

India planning labour supply pact with Taiwan while China tensions brew

Taiwan could hire as many as 100,000 Indians to work at factories, farms and hospitals, the officials said, asking not to be identified as the discussions are private

Minda inks pact to form JV with Taiwan firm to produce sunroof for PVs

Auto components maker Minda Corporation on Thursday said it has inked a pact to form a joint venture with Taiwan-based HSIN Chong Machinery Works to produce sunroofs for passenger vehicles. The joint venture will offer a full system solution ranging from design, and development to manufacturing of sunroof for passenger vehicles, the company said in a statement. With changing consumer preferences for premiumisation, the market for sunroof in India is expected to reach USD 500-600 million by 2030, it added. "With the changing consumer preferences and increasing demand for premium features, the market for Sunroof and other advanced vehicle access products is expected to grow multi-fold in the years to come. "Our continuous focus to bring new and advanced technology products will lead the next phase of our growth," Minda Corporation Executive Director Aakash Minda said. The collaboration will help the company stay at the forefront by offering localised solutions, he added. Commenting

Taiwan probes alleged election graft linked to Foxconn's founder Gou

The Central Election Commission will announce by Nov. 14 whether Gou has enough signatures

China keeps up military pressure on Taiwan, sends 43 planes and 7 ships

Taiwan said on Wednesday that China sent 43 military aircraft and seven ships near the self-ruled island, the latest sign that Beijing plans no let-up in its campaign of harassment, threats and intimidation. Taiwan's Defence Ministry said the figure was current for the 24 hours up to 6:00 a.m. on Wednesday and that 37 of the aircraft had crossed the median line in the Taiwan Strait, which China no longer recognises as an informal divider between the sides. It said Taiwan had monitored the situation, scrambled jet fighters, dispatched ships and activated land-based missile systems, all standard responses to Chinese military activities, which include crossing into Taiwan's air defense identification zone but not into its actual airspace. Such Chinese maneuvers have become frequent and aggressive since then-US House Speaker Nancy Pelosi visited Taiwan in August 2022. China suspended military communication with the US to show its displeasure over her trip to Taiwan, which Beijing ...

Foxconn's Terry Gou continues presidential bid for Taiwan amid China woes

At a religious event on Sunday in Taipei, Gou repeated his stance that the Taiwanese people don't want war with China. But there, too, he didn't address Foxconn's China woes

Investing in India: View from Taipei

There is opportunity but competition is stiff and India needs to liberalise trade policy

Foxconn faces tax audit and land use probe, says Chinese state media

China's natural resources department also conducted on-site investigations on the land use of Foxconn enterprises in Henan and Hubei provinces

Taiwan watching Hamas-Israel war for lessons as it faces intimidation

Taiwan is closely watching the war in the Middle East sparked by the unprecedented attack on Israel by Hamas militants from Gaza for lessons amid what the self-governing island says is a campaign of intimidation and threats by China. Hamas staged a stunning and massive incursion into Israel last weekend, killing hundreds in Israel and dragging dozens into Gaza as hostages. In retaliation, Israel's increasingly destructive airstrikes in Gaza have flattened entire city blocks. The latest conflict, which has claimed at least 2,400 lives on both sides, is expected to escalate. Taiwanese Defence Minister Chiu Kuo-cheng said on Thursday that the Hamas-Israel war "blew up so suddenly, prompting Taiwan to up its ability to forecast possible threats. We've established a working group to study and ... reinforce the importance of collecting intelligence, he said ahead of a meeting of the legislature. China, which claims Taiwan as part of its territory, has conducted increasingly large milita

Peace only option to resolve political differences: Taiwan Prez on Beijing

Peace between Taiwan and China is the only option, Taiwanese President Tsai Ing-wen said Tuesday, while strongly asserting the self-governing island's defences against Beijing's threats to invade. Tsai said in a National Day address that the international community views stability in the Taiwan Strait as an indispensable component of global security and prosperity. China claims Taiwan as its own territory and has been increasingly sending ships and warplanes across the Taiwan Strait in an effort to intimidate the population of 23 million, who strongly favour the status-quo of de-facto independence. Tsai's Democratic Progressive Party will seek to maintain power in elections next year against the Nationalists, who officially support unification between the sides that divided amid civil war in 1949. "Let me reiterate that peace is the only option across the Taiwan Strait," said Tsai, who will step down after two terms in office. Maintaining the status quo, as the largest common ...

US wants to cut Ukraine aid, boost Taiwan's. But it is tied to Kyiv's

To Rep. Mike Collins, China is a bigger threat to the United States than Russia. So the Georgia Republican has voted against providing military aid to Ukraine as he advocates for doing more to arm Taiwan, the self-governed island that's at risk of military aggression from Beijing. For Collins and other Republican lawmakers, Taiwan and Ukraine are effectively rivals for a limited pool of U.S. military assistance. But that's not necessarily how Taiwan and many of its supporters see it. They view Taiwan's fate as closely linked to that of Ukraine as it struggles to push back a Russian invasion. They say China is watching closely to see if the United States has the political stamina to support an ally in a prolonged, costly war. The U.S. aid to Ukraine also has led to weapons manufacturers stepping up production something that could benefit Taiwan in a clash with China. Ukraine's survival is Taiwan's survival. Ukraine's success is Taiwan's success, Taiwan's diplomat in the U.S., Hsiao

Taiwan, India nurtured 'natural and reliable partnership': Taiwanese Envoy

Taiwan and India may be thousands of miles apart but the shared commitment to democracy, freedom and the rule of law is instrumental in joint efforts to further deepen the bilateral ties, Taipei's de-facto Ambassador Baushuan Ger has said. The envoy also said that Taiwan is looking forward to joining hands with India and other like-minded partners to strengthen the global supply chain and safeguard peace and stability across the Taiwan Strait and Indo-Pacific. Without naming China, the envoy said Taiwan, confronted by "unceasing cross-Strait military intimidation and grey-zone threats", has continued to strengthen its self-defence capabilities and has consistently strived to serve as a "force for good". His comments last night at an event ahead of the Taiwanese National Day on October 10 came amid China ramping up its military muscle-flexing around Taiwan, a self-ruled island of more than 23 million people. "Over the years Taiwan and India have nurtured a natural and reliable ...

Taiwan looks forward to joining hands with India: Representative Ger

The Taiwanese representative said: "In addition to our Chennai office in 2012, I am pleased to announce that our 3rd mission, Taipei Economic and Cultural Center in Mumbai, will open early next year"

China launches Long March rocket with spy satellite over Taiwan zone

In order to enable a suitable response, it continued, it had deployed its joint intelligence, surveillance, and reconnaissance system to track the ballistic dynamics, trajectories, and other data