Taipei, Jan. 2 (CNA) The local manufacturing sector continued to flash a "yellow-blue" light, indicating sluggishness in November, but the index still improved month-on-month on the back of increased momentum in old economy industries, according to the Taiwan Institute of Economic Research (TIER).
2020/12/27 09:05 Workers at Kenda Tires factory (Momentum Mag photo) Workers at Kenda Tires factory (Momentum Mag photo) Business sentiment in the local manufacturing sector improved in November, as old-economy industries gradually came out of the doldrums previously caused by the COVID-19 pandemic, according to the Taiwan Institute of Economic Research (TIER). Citing the results of a survey, TIER, one of Taiwan s leading think tanks, said that the composite index for the manufacturing sector, which gauges business sentiment among manufacturers, rose 1.91 points from a month earlier to 103.11 in November, marking the seventh consecutive month of growth. The November index also hit the highest level since August 2014, according to TIER. Bucking the upturn, the composite index for the property sector moved lower by 2.22 points from a month earlier to 109.23 in November, stopping a two-month rising streak, in the wak
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Beijing’s biggest chipmaking champion SMIC faces uncertain future after US blacklisting The headquarters of Semiconductor Manufacturing International Corp (SMIC) in Shanghai. Photo: Bloomberg
The future of China s largest chip maker and Beijing s best hope to catch up with rivals in the critical field of semiconductor manufacturing is under a cloud after the company said it would have trouble developing advanced chipmaking processes after it was put on a US trade blacklist. (The addition to the blacklist) will have significant negative impacts on research and development of advanced processes smaller than 10 nanometre (based) upon our initial assessment, SMIC said in a statement on Monday, adding that the short-term impact on the company s operation and finances would be limited.
U.S. fund easing poses challenges to Taiwan s forex market: central bank
12/17/2020 09:53 PM
Central Bank Governor Yang Chin-long
Taipei, Dec. 17 (CNA) Taiwan s Central Bank Governor Yang Chin-long (楊金龍) said Thursday that a move by the United States to ease its monetary policy to pump large funds into the economy has posed challenges for Taiwan in its attempts to maintain the stability of the foreign exchange market.
Speaking at a news conference after the central bank s quarterly policy-making meeting, Yang said amid the current super easing policy adopted by Washington to take on the economic impact resulting from COVID-19, many countries have seen their currencies rise as ample funds in the U.S. sent the American unit lower.
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SMIC appoints former TSMC R&D head as executive director, highlighting need for pragmatism amid push for home-grown tech Che Pan SMIC has been seen as China’s best shot to catch up with global peers like TSMC. Photo: EPA-EFE
A boardroom shake-up at China s leading wafer foundry Semiconductor Manufacturing International Corporation (SMIC) could be an attempt to bring stability to a national chip champion trying to reduce the country s reliance on core US semiconductor technology.
Chiang Shangyi, who spent nine years as head of research and development at Taiwan foundry giant TSMC before retiring in 2006, has been appointed executive director and vice-chairman of SMIC and a member of its strategic committee, according to a SMIC stock filing on Tuesday.