Taipei, Sept. 13 (CNA) Taiwan has been trying to attract information technology (IT) talent from Singapore and Malaysia, as part of a national policy goal to attract 60,000 foreign professionals from 2021-2030, the National Development Council (NDC) said Tuesday.
Taiwanese manufacturers are facing unparalleled headwinds this year, stemming from heightened tensions in the Taiwan Strait, continuing global economic uncertainty and the lingering effects of the COVID-19 pandemic. Still, they are trying to keep investing in technology and new product development, even though many of them, especially those with greater exposure to the consumer electronics sector or the Chinese market, have a gloomy outlook amid expectations of severe order cuts and revenue declines.
Behind this investment drive is the belief that maintaining technological leadership and innovation is the only way to survive downcycles, especially in the face of heated competition from
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported better-than-expected quarterly revenue, providing another signal that electronics demand is holding up better than feared.
The world’s largest contract chipmaker booked NT$534.1 billion (US$17.9 billion) of revenue for the second quarter, compared with analysts’ average estimate of NT$519 billion.
The results from Apple Inc’s most important chipmaker might allay investors’ worst fears about the impact of weakening demand and soaring costs on the US$550 billion semiconductor industry. On Thursday, Samsung Electronics Co also reported a better-than-anticipated 21 percent jump in revenue, triggering an Asian stock rally.
While concerns linger about the longer-term impact of a