Business

Taiwan Shares Close Lower as Tech Stocks Fall on AI Concerns

Taipei: Shares in Taiwan closed lower Tuesday, led by the electronics sector amid worries over AI development after the heads of three U.S. AI giants-Anthropic, OpenAI, and xAI-warned of risks and called for a slowdown in development, dealers said. Af…

Taiwan Shares Close Down 0.77%

Taipei: Taiwan shares ended down 351.03 points, or 0.77 percent, at 45,511.49 Tuesday on turnover of NT$603.45 billion (US$18.99 billion).

According to Focus Taiwan, the market experienced a decline as investors reacted to various market conditions….

Construction of TSMC Fab in Germany on Track: ESMC President

Dresden: A topping out ceremony was held Monday at the site of a plant being built in Germany by Taiwan Semiconductor Manufacturing Co. (TSMC), indicating that the fab is progressing as planned and within budget, according to the head of a joint ventu…

Taiwan’s Real Wages Achieve Highest Growth in Over a Decade

Taipei: Inflation-adjusted wages in Taiwan’s industrial and service sectors showed the strongest growth in 11 years during the first seven months of the year, according to government data released Monday. Real aggregate earnings outpaced consumer pric…