Business

Cathay Financial Ups 2026 GDP Growth Forecast for Taiwan to 5.8%

Taipei: Cathay Financial Holding Co. has raised its forecast for Taiwan’s gross domestic product growth in 2026 to 5.8 percent, citing the AI boom, but it cautioned that the economy could be hit by inflationary pressures due to higher crude oil prices…

TSMC Shares Bounce Back to Pre-Dividend Levels After Opening

Taipei: Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) rebounded to their prior ex-dividend levels as the stock market commenced trading on Tuesday morning. Upon the market’s opening at 9 a.m., TSMC shares rose to NT$1,875.00 (US$58.59), mark…

Foxconn’s 2025 Net Profit Hits New High

Taipei: Taiwan-based manufacturing giant Hon Hai Precision Industry Co. posted a net profit in 2025 that was the highest in its history, helped by an ongoing boom in artificial intelligence development and investment. In a statement Monday, Hon Hai, k…

Foxconn Projects Significant AI Server Rack Growth for Q1

Taipei: Taiwan’s Hon Hai Precision Industry Co., the world’s largest contract electronics maker, announced on Monday an optimistic outlook for its AI server rack shipments, anticipating a “high double-digit” growth sequentially in the first quarter of…

Taiwan Shares End Lower Amid Middle East Concerns

Taipei: Shares in Taiwan fell again Monday as investor sentiment remained dampened by the impact of the U.S.-Israel war against Iran, including the rise in international crude oil prices, analysts said. The Taiex, the Taiwan Stock Exchange’s benchmark…