Austin Babb News Today : Breaking News, Live Updates & Top Stories | Vimarsana

“The individuals we honor this evening are a special group of people. Their paths to be here today have not always been easy, yet you would never know it.”

Taiwan Business TOPICS TSMC Raises CAPEX to Meet Demand The Taiwan Semiconductor Manufacturing Co. (TSMC) announced plans on April 1 to raise capital expenditures, committing an unprecedented US$100 billion over the next three years to expand production capacity in response to ongoing global shortages of chips and the strong demand for new technologies. In a statement, the company said the funds would also be used “to support the manufacturing and R&D of advanced semiconductor technologies,” and added that the company is “working closely with our customers to address their needs in a su...

Taiwan Business TOPICS By Austin Babb and Jason Wu Guidelines, Visit Show Improving U.S. Ties U.S.-Taiwan relations are showing further signs of strengthening as Washington continues to make overt gestures of support for Taiwan. The U.S. Department of State recently released an update to guidelines regarding interactions between American diplomats and their Taiwan counterparts. In a short press statement, the State Department highlighted Taiwan as a “vibrant democracy and an important security and economic partner,” and said that the new guidelines “liberalize guidance on contacts with ...

Taiwan Business TOPICS Exports Climb as FOREX Reserves Fall The International Monetary Fund (IMF) in April raised its forecast of Taiwan’s 2021 GDP growth to 4.7%, much higher than the 3.2% figure it provided last October. The organization’s biannual World Economic Outlook report cited a “stronger than anticipated rebound” of the global economy as the reason for its upward adjustment. The new projection surpasses both the 4.64% forecast by Taiwan’s Directorate General of Budgeting, Accounting and Statistics (DBGAS) and the 4.53% predicted by Taiwan’s Central Bank. According to the...

Taiwan Business TOPICS Taiwan Secures COVID Vaccines As of February 21, Taiwan has secured around 20 million doses of COVID-19 vaccines from three different sources. It is expected to begin a rollout of the vaccine by early March, according to Health and Welfare Minister Chen Shih-chung. Taiwan will obtain 10 million doses of AstraZeneca vaccines, five million Moderna vaccines, and 4.76 million vaccines through the World Health Organization-led COVAX program. In addition, German vaccine maker BioNTech has said that another five million doses of its vaccine will be supplied to Taiwan, despite ...