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After months of negotiations, Taiwan and the U.S. signed the first agreement under the U.S.-Taiwan Initiative on 21st-Century Trade on June 1 in Washington D.C. It outlines practices and procedures aimed at streamlining and strengthening trade relations. Both sides of negotiators deserve a round of accolades, but the fact that it does not cover tariff reductions or exemptions still puts many stakeholders down.

Japan's Fujifilm Holdings has disclosed plans to invest NT$3.38 billion (US$110 million) to bolster production of chemical mechanical planarization (CMP) slurry and lithography-related materials in Taiwan to better serve its semiconductor customers.

Chinese memory module company Techwinsemi Technology plans to enhance its outsourcing business in Taiwan, looking to expand its supplier list to include flash controller vendors and backend service houses.

NXP Semiconductors will continue stepping up its investment in Taiwan, where a comprehensive semiconductor ecosystem cannot be ignored in the global market, according to Rafael Sotomayor, company executive VP and GM of Secure Connected Edge.

IFA Management GmbH, the trade show company managing IFA Berline 2023, selected Taipei as the only key promotional city for the exhibition in Asia and partnered with the German Trade Office to host an industry trend seminar and media reception in Taipei on May 31.