EYEING GROWTH: Hotai said new vehicle sales for its brands might reach 165,000 units, giving it a 36.7 percent market share, up from 34.9 percent last year
Hotai Motor Co (和泰汽車), which distributes Lexus, Toyota and Hino models in Taiwan, yesterday said it is seeking a moderate increase in auto sales this year, aided by the government’s vehicle trade-in program and strong promotion efforts by car brands.“Despite lingering global economic and political u
AblePrint Technology Co (APT, 印能科技), which specializes in key equipment used in advanced chip packaging technology, said it expects revenue to grow up to 30 percent annually, on the back of high demand for artificial intelligence (AI) products.APT’s remarks came despite doubts that have been raised
OpenAI yesterday said it would develop artificial intelligence (AI) products for South Korea with chat app operator Kakao Corp, unveiling a second major alliance with a high-profile Asian partner this week.In a whirlwind tour through Asia, OpenAI CEO Sam Altman on Monday announced a partnership with
The EU wants to engage swiftly with Washington over US President Donald Trump’s planned tariffs, EU Commissioner for Trade and Economic Security Maros Sefcovic said yesterday, while his boss, European Commission President Ursula von der Leyen, said that the bloc would protect its interests in negoti
A vendor prepares candy shaped like animals on a shopping street on the last day of the Spring Festival holiday in Beijing yesterday.
SUPPORT: The government said it would help firms deal with supply disruptions, after Trump signed orders imposing tariffs of 25 percent on imports from Canada and Mexico
The government pledged to help companies with operations in Mexico, such as iPhone assembler Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), shift production lines and investment if needed to deal with higher US tariffs. The Ministry of Economic Affairs yester
Taiwan’s consumer confidence weakened to its lowest in eight months last month amid concerns over the uncertainties for the global economy created by US President Donald Trump’s return to the White House, National Central University (NCU) said yesterday. Citing a survey conducted from Jan. 18 to 21,
Factories across Asia expanded at a lackluster pace last month as demand cooled, ahead of a trade war that US President Donald Trump launched on the weekend. The purchasing managers’ index gauge for manufacturing-heavy countries showed tepid activity, according to the S&P Global. In Vietnam, the ind
Philippine Seven Corp, operator of the 7-Eleven convenience store chain in the Southeast Asian country, plans to invest 5 billion pesos (US$85.32 million) to add more than 400 stores this year, the company’s Taiwanese investor said.The exclusive licensee to run 7-Eleven stores in the Philippines tar
JOINT VENTURE: Softbank joins tech leaders including Meta and Microsoft that are spending billions of dollars to lay the foundation for future AI development and use
Softbank Group Corp and OpenAI would create a joint venture to develop and sell artificial intelligence (AI) services to businesses across Japan, establishing one of the broadest efforts yet to sell the fast-growing start-up’s tools to enterprise customers outside of the US. Billionaire Softbank fou
Minister of Culture Li Yuan, left, attends the annual Taipei International Book Exhibition at Taipei World Trade Center’s Hall I yesterday. The fair starts today and ends on Sunday.
MARKET REACTION: The market has ‘been on Trump’s side’ until now, but US tariff policies could prompt it to ‘challenge him for the first time,’ a Siebert executive said
Investors are bracing for a looming hit to US corporate profits and pressure on inflation after US President Donald Trump on Saturday signed an executive order imposing tariffs on its largest trading partners, with markets seen as not having fully factored in risks from higher levies on imports.The
CHIP WAR: Tariffs on Taiwanese chips would prompt companies to move their factories, but not necessarily to the US, unleashing a ‘global cross-sector tariff war’
US President Donald Trump would “shoot himself in the foot” if he follows through on his recent pledge to impose higher tariffs on Taiwanese and other foreign semiconductors entering the US, analysts said.Trump’s plans to raise tariffs on chips manufactured in Taiwan to as high as 100 percent would
Japan intends to closely monitor the impact on its currency of US President Donald Trump’s new tariffs and is worried about the international fallout from the trade imposts, Japanese Minister of Finance Katsunobu Kato said.“We need to carefully see how the exchange rate and other factors will be aff
Domestic gasoline and diesel prices this week are to remain unchanged for a second consecutive week, as the nation’s two major refiners absorb cost changes to comply with a government policy of keeping consumer prices stable during the holiday season.Gasoline prices at state-run CPC Corp, Taiwan (CP
The market turmoil sparked by DeepSeek’s (深度求索) chatbot over the past week has left some rethinking the credit frenzy around artificial intelligence (AI).Corporate giants told money managers last week that the Chinese start-up’s cheaper models would only spur more demand for the technology and the s
Volkswagen AG has sued Indian authorities to quash an “impossibly enormous” tax demand of US$1.4 billion, arguing the ask is contradictory to New Delhi’s import taxation rules for car parts and would hamper the company’s business plans, court papers show.Volkswagen’s unit, Skoda Auto Volkswagen Indi
People take part in a bean-throwing ceremony to drive away evil spirits and bring good luck at the annual Setsubun Festival at the Ikegami Honmonji temple in Tokyo yesterday.
A start-up in Mexico is trying to help get a handle on one coastal city’s plastic waste problem by converting it into gasoline, diesel and other fuels.With less than 10 percent of the world’s plastics being recycled, Petgas’ idea is that rather than letting discarded plastic become waste, it can bec