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The Economist yesterday said that “promises to fight for Taiwan” are an ineffective deterrent and could instead lead to a diplomatic fallout with Beijing, something that could be avoided by taking practical action to strengthen Taiwan’s self-defense capabilities. The 180km-wide Taiwan Strait and the US military stand as the two main components deterring Beijing from attacking Taiwan, but Beijing is working to overcome both obstacles, the weekly said, adding that some US generals have said that Beijing could attack Taiwan by 2030. The article, titled “How to deter China from attacking T...

Tainan-based Prince Housing and Development Corp (太子建設) is looking at earnings growth this year due to unrecognized sales and profits of about NT$6 billion (US$205.42 million), the company told an investors’ conference on Wednesday. The rosy outlook, if realized, would beat last year’s net income, which soared nearly twofold from 2020 to a five-year high of NT$1.53 billion, or earnings of NT$0.95 per share. The company’s board approved a proposed cash dividend of NT$0.5 per share, pending shareholders’ approval at a meeting on June 17. Prince Housing and Development stands to b...

Quanta Computer Inc (廣達電腦), an assembler of Apple Inc’s MacBooks, has partially resumed operations in Shanghai after a surge in COVID-19 cases led to lockdowns in the city. The Quanta Shanghai Manufacturing City (QSMC, 廣達上海製造城), Quanta’s manufacturing base in Shanghai, on Friday resumed production with about 2,000 staff members working in a closed-loop management system, Xinhua news agency reported on Sunday. Production at its F1 and F3 factories, which make laptops for Apple and accessories for Tesla Inc respectively, was under way, the report said. The resumption me...

Presale projects and newly completed houses last quarter declined 2.8 percent from a year earlier to NT$273.29 billion (US$9.42 billion), despite stable sales, as the market is assimilating to unfavorable policy measures, the Chinese-language Housing Monthly (住展雜誌) said yesterday. The NT$8 billion retreat came as a surprise to explosive growth expectations previously fueled by intensive land plot sales and building permit issuances, the magazine said. The disappointing result was likely due to a shift in sentiment after the central bank last month raised interest rates by 50 basis poin...

Quanta Computer Inc (廣達電腦), which assembles MacBooks for Apple Inc, yesterday said its Chinese subsidiary has suspended production, the latest among Apple’s supply chain facing production disruptions as China sticks to its strict “zero COVID-19” policy. The world’s biggest contract laptop computer manufacturer said in a filing with the Taiwan Stock Exchange that the subsidiary, Tech-Com (Shanghai) Computer Ltd (達功上海電腦), has halted production in response to the Shanghai government’s COVID-19 prevention measures. The factory at the Shanghai Songjiang Export Process...