With port traffic at an all-time high, causing shipping congestion in the U.S., foreign media reported that the Union Pacific Railroad would be pausing its harbor transportation services last Friday, effective as of July 19. The affected regions include Los Angeles, Long Beach, Oakland, Washington, and Tacoma. The suspension is slated to last for a week in hopes of easing inventory backing up ...

With Taiwan entering the summer, the state-owned power company Taipower expects to see electricity consumption rise significantly, raising concerns regarding power supply as a unit in a power plant is scheduled to shut down. The No.1 unit of New Taipei-based Kuosheng Nuclear Power Plant is slated to be shut down half a year earlier than scheduled, highlighting concerns over a possible power ou...

The 11th Taiwan-U.S. TIFA will resume talks on June 30 after a four-year hiatus, according to the American Institute in Taiwan (AIT). The statement issued on Friday indicated that the meeting will be held via digital video conference due to the COVID-19 pandemic. The announcement comes after a steady improvement of Taiwan-U.S. relations. Talks will revolve around trade and other methods of imp...

The Appacus Foundation Chairman Chen Chun warned possible challenges for Taiwan's economic trade future, citing how global economies' bounceback after the pandemic would serve as a stark contrast with Taiwan's internal struggle with the COVID-19 outbreak. Chen used the U.K.'s Brexit as an example; contrary to most analysts' grim perspectives regarding the British government's untimely exit fr...

With the shortage of COVID-19 vaccines and players mobilizing capacity on all fronts, chip-maker TSMC announced on the 19th that it will purchase 5 million doses of the BNT vaccine. Taiwan's top financial analyst Kirkland Capital Chairman Kirk Yang said that TSMC’s chip-making capabilities are the best bargaining chip, enabling them to negotiate with the German government for chip and vaccine...

Hon Hai and Formosa Plastics Group were reported to be going through discussions over electric vehicle (EV) cooperation, specifically over the most critical technology in the emerging EV industry that's also gaining popularity in its field: solid-state batteries. For solid-state batteries, Hon Hai has developed a market standing through its subsidiary Guangyu, and through it, has also investe...

Taiwan's economic fundamentals remained strong in April, according to the National Development Council's (NDC) index gauging the economic climate, which flashed a "red light" for the third consecutive month. The index's monitoring indicators reflect the existing economic situation. It moved up a point to 41 in April, reported the government's top economic planning agency on Thursday. It would...

Amid Taiwan's COVID-19 outbreak, the Economic Ministry addressed concerns over whether the current situation would impact the semiconductor industry, stating that the government will assist companies in ensuring protocols are in place in the case of employees contracting the virus. The Economic Ministry stated that protocols are in place to ensure a smoother transition for the global supply cha...

One of the world's biggest auto parts shows -- Taipei AMPA is kicking off on April 14 to April 17 concurrently with Autotronics Taipei at the Nangang Exhibition Center Hall 1. There are around 400 exhibitors showcasing in 11 exhibition areas, with over thousands of OEM and aftermarket parts, auto electronics, electric vehicles, and vehicle IoT solutions. These trends reflect the "ACES" moveme...

The Economic Ministry has prepared three measures in the face of a record-breaking drought to ensure water usage until the end of May. The concern comes as the globe grapples with chip shortages. According to Economic Minister Wang Mei-hua on Monday, the drought so far has not impacted chipmaker TSMC. Other water-intensive sectors such as textile factories and agriculture farming are feeling t...