By Reuters Staff
2 Min Read
FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS/Ann Wang
TAIPEI (Reuters) -Taiwan Semiconductor Manufacturing Co’s (TSMC) board has approved $2.89 billion in spending to increase capacity, the company said on Thursday, responding to a global chip shortage that has affected carmakers in particular.
In a brief statement, the world’s largest contract chipmaker said its board had approved the spending “for the purpose of installing mature technology capacity”.
It did not elaborate.
The company this month said that it plans to invest $100 billion over the next three years to increase capacity at its plants, days after Intel Corp announced a $20 billion plan to expand its capacity.
UPDATE 3-As Biden s emissaries go to Taiwan, China terms exercises combat drills Reuters 1 hr ago
(Adds Taiwan presidential office comment on visit)
BEIJING, April 14 (Reuters) - China described its military exercises near Taiwan as combat drills on Wednesday, hours before the arrival of senior former U.S. officials in Taipei on a trip to signal President Joe Biden s commitment to Taiwan and its democracy.
Taiwan has complained over the proximity of repeated Chinese military activity, including fighter jets and bombers entering its air defence zone and a Chinese aircraft carrier exercising off the island, claimed by Beijing.
Twenty-five Chinese air force aircraft including fighters and nuclear-capable bombers entered Taiwan s air defence identification zone (ADIZ) on Monday, the largest reported incursion by Taipei to date.
At least 36 dead in Taiwan train crash by Reuters
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China 2021 defence spending to rise 6.8% by Reuters
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BEIJING, March 5 (Reuters) - China s 2021 defence spending will rise 6.8% from 2020, according to a budget report issued at the opening of the country s annual meeting of parliament on Friday, up only slightly from the 6.6% budgeted increase for last year. (Reporting by Yew Lun Tian; Writing by Ben Blanchard Editing by Shri Navaratnam)
By Reuters Staff
2 Min Read
TAIPEI, Jan 13 (Reuters) - Taiwan health authorities said on Wednesday they had confirmed the first case of the highly transmissible South African variant of COVID-19, in an eSwatini national being treated in hospital.
The infection with the variant had been confirmed on Tuesday by laboratory test, the Central Epidemic Command Centre said.
The man in his 30s had arrived in Taiwan to work on Dec. 24 and began developing symptoms while in quarantine and was initially confirmed to have COVID-19 on Jan. 3, according to details previously released by the government.
The small southern African country of eSwatini, formerly known as Swaziland, is Taiwan’s only remaining diplomatic ally on the continent.