You might also like
-
NT dollar’s drop tied to stocks: official
2026-10-29
RESERVES ADEQUATE: The central bank governor rejected claims that Taiwan was facing a cash shortage, saying that its financial system had ample savings The New Taiwan dollar’s 3 percent fall this year despite record exports and a widening trade surplus stems from foreign investors cashing in on the local stock market’s technology-driven rally and moving funds overseas, central bank Governor Yang Chin-long (楊金龍) told lawmakers yesterday. The NT dollar has become one of Asia’s weakest-performing major currencies this year. Foreign investors have reaped substantial gains from Taiwan’s surging stock market, prompting them to sell shares and rebalance their portfolios, Yang told a meeting of the legislature’s Finance Committee in Taipei. Their withdrawals have added to downward pressure on the NT dollar, offsetting support
By Crystal Hsu -
MediaTek gains new AI customer
2026-10-31
‘ON SCHEDULE’: Chief executive officer Rick Tsai said that TSMC ‘remains our most important partner’ as MediaTek seeks to meet robust customer demand Chip designer MediaTek Inc (聯發科) yesterday said it has secured a second customer for its customized artificial intelligence (AI) accelerator for data centers, while volume production of a second-generation chip for an existing customer is on track for early 2028, potentially easing market concerns about possible delays. This is a new customer and, crucially, not from China, MediaTek said. The remarks were meant to dismiss speculation that ByteDance Ltd (字節跳動), the parent company of TikTok, was the second customer for MediaTek’s new customized AI application-specific integrated circuit (ASIC) business. “It is on track, on schedule. We understand there is some noise about the
By Lisa Wang
-
AI cycle to last over 20 years: ex-Intel CEO
2026-10-28
The artificial intelligence (AI) supercycle should last for more than two decades, former Intel Corp chief executive officer Pat Gelsinger told an event in Taipei yesterday, dismissing fears of an AI bubble amid mounting skepticism over massive infrastructure investments. “We do see that there will be periods of disruption, correction, etc. So, we do not think of it as an AI bubble,” Gelsinger, who is a general partner at Playground Global LLC, said at the US venture capital firm’s second annual Taiwan Deep Tech Summit. However, “we’ll have some speed bumps as different areas and different technology disruptions occur along it,” Gelsinger
By Lisa Wang -
ASE raises capex budget to US$11.5bn
2026-10-30
ROOM TO GROW: The company’s biggest bottleneck is still space, chief financial officer Joseph Tung said, adding that it was scouting existing factories to acquire ASE Technology Holding Co (日月光投控) yesterday raised its annual capital expenditure budget for the third time to US$11.5 billion, driven by expectations that customer demand next year would continue to outpace capacity, particularly for its leading-edge advanced packaging (LEAP) technologies used in artificial intelligence (AI) chips. ASE, the world’s biggest chip packaging and testing service provider, plans to add US$1 billion to its US$10.5 billion outlay on capacity expansion. About 60 percent of the US$500 million equipment budget would be allocated for LEAP and 40 percent for mainstream packaging technology capacity, ASE chief financial officer Joseph Tung (董宏思) told an online investors’
By Lisa Wang
Source: Taipei Times · 台北時報
At a glance
- Topic
- World
- Country
- 🇹🇼 TW
- Publisher language
- EN
- Added to Allnira