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The Latest Breaking News from Taiwan

Taiwan ruling party's new chair vows to safeguard democracy

The new head of Taiwan’s ruling party who described himself as pro-independence has vowed to uphold the self-ruled island’s democracy in face of China’s authoritarianism

The Independent UK

Davos day 1: China ‘passed peak Covid’; Kissinger backs Ukraine Nato membership, as first lady Zelenska seeks support – as it happened

Rolling coverage from the World Economic Forum in Davos, where vice-premier Liu He says China has passed its peak of Covid-19 infections

The Guardian - UK

3 Semiconductor Stocks You Can Buy and Hold Forever

While the demand for semiconductors has damped over the past months, increasing investments and technological advancements should keep the industry afloat in the long run. Therefore, fundamentally strong semiconductor stocks Taiwan Semiconductor Manufacturing (TSM), STMicroelectronics (STM), and Photronics (PLAB) might be solid buy-and-hold options. Keep reading.

StockNews.com

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U.S., Taiwan officials pledge ambitious trade negotiating schedule

The United States and Taiwan concluded four days of trade negotiations on Monday and reached consensus on several areas related to trade facilitation, anti-corruption, small and medium-sized enterprises and regulatory practices, the U.S. Trade Representative's office said.

Reuters

PSH to rejig precast business via transfer

SET-listed developer Pruksa Holding Plc (PSH) will dilute its shares in the precast business through a share swap with General Engineering Plc (GEL) and will co-invest in logistics with Singaporean real estate firm Capitaland and Taiwan developer Ally Logistics Property to boost recurring income.

Bangkok Post

3 Large-Cap Stocks to Add to Your Buy List This Winter

Despite inflation cooling further in December, the likelihood of the economy entering a recession this year is rising as the Fed expects to continue increasing interest rates until inflation comes down to its 2% target. Therefore, large-cap stocks Microsoft (MSFT), UnitedHealth (UNH), and Taiwan Semiconductor (TSM) could be stable investments…

StockNews.com

Taiwan’s ruling party picks pro-independence VP as new leader

Taiwan’s ruling party has chosen Vice President William Lai as its next chairman, putting the self-described “political worker for Taiwanese independence” in line to be a top challenger in the next presidential election.

Bangkok Post

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Taiwan VP new ruling party boss, setting stage for presidential run

Taiwan Vice President William Lai was elected as the new chairman of the ruling Democratic Progressive Party (DPP) on Sunday, setting the stage for him to run in presidential elections early next year.

Reuters

Econometer: Should the US subsidize chip making?

U.S. lawmakers approved about $76 billion in government subsidies this summer for American semiconductor production.

Tribune News Service

US and Japan's new defense strategy sends stark warning to China

WASHINGTON — President Joe Biden will welcome Japanese Prime Minister Fumio Kishida at the White House on Friday, a meeting intended to signal a more confrontational approach to China as Tokyo's defense turns south toward the Taiwan Strait.

Los Angeles Times

Bringing manufacturing back to the US requires political will, but success hinges on training American workers

Supply chain disruptions during COVID-19 brought to light how interdependent nations are when it comes to manufacturing. The inability of the U.S. to produce such needed goods as test kits and personal protective equipment during the pandemic revealed our vulnerabilities as a nation. China’s rise as a global production superpower…

The Conversation

Taiwan ready to assist Ukraine with digital reconstruction

Taiwan is ready to help Ukraine upgrade its digital infrastructure in fields such as remote learning as part of rebuilding efforts after the war, the island's Digital Minister Audrey Tang told Reuters.

Reuters

Japan, U.S. shift focus to defense of Nansei Islands

WASHINGTON -- A clear takeaway from the latest 2-plus-2 talks of the Japanese and U.S. foreign and defense ministers was the shift toward reinforcing the defense of the Nansei Islands.

The Japan News/Yomiuri

Japan doubles down on defense and U.S. alliance with an eye on China

Japan plans to double defense spending and deepen cooperation with the U.S.

Axios

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Wales Online

It's the tenth business in the city dedicated to the Taiwanese drink, with fruit teas and 'dirty milk' on the menu

StockNews.com

The Cheapest Chip Stock to Buy in 2023

Taiwan-based chipmaker United Microelectronics is trading at a discount to its peers. Although the current uncertain macroeconomic environment means that the company will continue to face soft consumer demand, the demand for chips is expected to remain strong in the long run due to their increasing applicability. Therefore, it could…

The Japan News/Yomiuri

At 2+2 meeting, allies agree to bolster defense of Nansei Islands

WASHINGTON -- The Japanese and U.S. governments clearly showed Wednesday a resolve to boost defense capabilities in the Nansei Islands, which span Kyushu and Okinawa Prefecture, amid lingering concerns that a contingency could occur regarding Taiwan.

The Independent UK

Taiwan chipmaker TSMC says quarterly profit up 78%

Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, says its quarterly profit rose 78% over a year earlier but forecast weak demand this year

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Reuters

'Seriously doubt' imminent invasion of Taiwan by China -Pentagon chief

U.S. Defense Secretary Lloyd Austin said on Wednesday he seriously doubted that ramped up Chinese military activities near the Taiwan Strait were a sign of an imminent invasion of the island by Beijing.

The Independent UK

Trump accused of having ‘racist obsession’ with Elaine Chao after repeatedly posting offensive nickname

Ms Chao, who was born in Taiwan, served as former president’s transportation secretary

The Times of India

Top international news of the day

Travelers stand in the departures hall of Terminal B at LaGuardia Airport in New York, Wednesday. A computer outage at the Federal Aviation Administration brought flights to a standstill across the US, with thousands of delays quickly cascading through the system at airports nationwide.

Reuters

Germany's ties with China could change fundamentally - SPD leader

Germany would be forced to cut ties with China in the way it has with Russia should China attack Taiwan, the leader of Chancellor Olaf Scholz's Social Democrats (SPD) told the weekly Die Zeit in comments published on Wednesday.

The Japan News/Yomiuri

Taiwan airline also received bomb threat at Narita Airport

The bomb threat targeting a Jetstar Japan passenger plane last week was not the only one received for a flight leaving Narita Airport, according to investigators.

Al Jazeera

China renews threat, warns Taiwan independence will be ‘punished’

China’s Taiwan Affairs Office said anti-China elements in foreign countries were ‘playing with fire’ on Taiwan issue.

Reuters

Explainer: Why the U.S. is overhauling its marines on Japan's Okinawa

The United States plans to shake up its marine force on Japan's Okinawa islands as Tokyo undertakes its biggest military build up since World War Two that will double defence spending over five years to deter China from attacking Taiwan or nearby Japanese islands.

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