Four petrochemical firms Formosa Plastics, Nanya Plastics, Formosa Chemicals and Fibre, and Formosa Petrochemical - often referred to as the "Four Treasures of Formosa Plastics" - performed and profited in Q2, according to reports released on Sunday. As the traditional peak season and seeing reopened European and American economies, the third quarter is expected to enjoy considerable growth as...

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...

Benefiting from the strong momentum of electronic information communication and rising prices for raw material markets, the Ministry of Economic Affairs (MOEA) announced that its export orders for May were marked at US$52.29 billion. Market watchers expect June to perform better than that in May. The orders received in the first six months will exceed US$300 billion, while expectations indicat...

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...

Chinese National Federation of Industries (CNFI) Chairman Wang Wen-yuan reported a pessimistic situation among companies in the traditional industries, stating how the pandemic has hindered companies from continuing operations properly. In the report outlining how the recent COVID-19 outbreak impacted Taiwan's local industries, as reported by Wang on Wednesday, the report showed over 60% of do...

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...

As Taiwanese chip manufacturers are struggling to buoy the global semiconductor supply shortage, Taiwan is taking blows from all sides: the worsening of the COVID-19 pandemic and the year-long drought that has hit multiple sectors: agriculture, commercial, and energy supply. While the government is working hard to contain the epidemic, the shortage of water and electricity has highlighted Tai...