Navigating Beijing’s digital cash ambitions
By Huang
Tien-lin 黃天麟
In the past few months, Taiwan’s print media seem to have become engulfed in a “digital currency fever” almost every day there are reports about digital currencies saying that central banks in many countries are rushing to research and issue them.
On Oct. 10 last year, the Chinese-language Economic Daily News reported that seven major national central banks, including the US Federal Reserve, had drafted principles for the issuance of central bank digital currencies (CBDC), in the hope of catching up with China.
The Liberty Times (the Taipei Times’ sister newspaper) in June last year reported that Taiwan’s central bank completed a study on “wholesale CBDC feasibility technology” for large interbank transactions.
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TSMC says demand remains resilient
BATTLE OVER? TSMC’s Morris Chang and UMC founder Robert Tsao shook hands at an event at the Hsinchu Science Park, indicating a thaw in the two men’s feud
By Lisa Wang
Customer demand would remain resilient through the first half of next year, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said yesterday, denying speculation that orders would be cut due to overbuilt inventory.
The Hsinchu-based chipmaker said that US-China trade disputes and the COVID-19 pandemic have changed semiconductor supply chains and redefined overbooking, or double booking.
Building higher inventory has “become a new norm for supply chains,” TSMC chairman Mark Liu (劉德音) told reporters on the sidelines of an international forum celebrating 40th anniversary of the Hsinchu Science Park (新竹科學園區), when asked about growing concern among investors over inventory corrections.