tsmc is talking at the moment about, what, six hours disruption, around about $60 million damage. that was the statement what they have given yesterday, but given the fact that i think these machines are highly sensitive and they need to be checked very carefully in order to make sure that the wafers produced there are coming out in high quality. when you think about the share of advanced processed notes for the foundry business, this is more than 65% for the world s production, basically on this island. ai servers is 100% for the usa is produced in taiwan. so i think in this regard, taiwan has learned from their devestating earthquake in 1999, which was 25 years ago, where there was a power outage for almost one week before they could turn back. this has not happened yesterday. so taiwan was better prepared to cope with the situation. given there is so much chip making that happens in taiwan and it plays such a sort of an outsized role in the chip making industry, do you th
the title of his speech was unpacking the new order. i think what he was basically talking about was the united states leading western efforts to try to impose technology sales to china to make china less capable with things like chip making and green technologies and i have to say that many people in that room, business delegates, would probably agree with him. the old order, if you want to call it that, the idea of countries making stuff that is the quickest and efficient countries, making it and then selling it so people who need it, i think that worked for many businesses. the problem is that western governments were not that happy about that because if you have a dominant partner, that does pose a threat to you if you are a western country and that is why you see chip technology restrictions in the us and the retaliation, the rare earths potential ban or at least restriction of what china has to the rest of the world. this is fundamentally what the tension is at this con
interesting. he was basically saying that the idea of globalisation was irresistible and irreversible and that any efforts to enact protectionist policies would lead to nowhere. the title of his speech was unpacking the new order. i think what he was basically talking about was the united states led western efforts to try and impose technology sales to china for the two basically make china less capable of things like chip making and green technology. i got to say, i think a lot of people in that room, business delegates would probably agree with him. the old order, if you want to call her back, the idea that countries making stuff the quickest are the cheapest and most efficient countries, making and selling it to people who need, i think that works for a lot of businesses. the problem is that western governments weren t happy with that because if you have a dominant, that does pose a threat if you re western country that s why you see things like chip making technology rest
Now on bbc news all the latest Business News live from singapore. It is official. Us President Donald Trump tears up the Trans Pacific Partnership Deal and looks to renegotiate nafta next. We just officially terminated the Trans Pacific partnership. Applause. Samsung, a scandal applause. Samsung, a scandaland a corruption row. Good morning, asia. Hello, world. Thank you for investing your time in Asia Business report. Im rico hizon. Its a tuesday. We start off with us President Donald Trump. He has formally pulled the us out of the tra ns Pacific Partnership, has formally pulled the us out of the Trans Pacific partnership, a major Trade Negotiation between 12 countries. It is part of his Campaign Pledge of america first, safeguarding emre can jobs and manufacturing. That is a message he told world leaders. We have more on what he called the captains of industry. Thank you very much, everybody. Donald trump assembled a whos who of the corporate world around the table were the bosses of
preliminary efforts for the new package, are expected to surpass its predecessor. Although formal announcements are slated for post-election governance transition., Economy News - Times Now