Business

Hon Hai Reports Record February Sales Driven by AI Demand

Taipei: Taiwan-based manufacturing giant Hon Hai Precision Industry Co. on Thursday reported its highest-ever sales in the month of February, a result backed by the ongoing artificial intelligence boom. Despite fewer working days in February than usua…

Taiwan Stock Market Opens Lower as Index Drops 189 Points

Taipei: The Taiwan Stock Exchange’s main index opened down by 189.00 points, settling at 33,483.94. The initial turnover was reported at NT$9.86 billion, equivalent to approximately US$310 million.

According to Focus Taiwan, the market’s opening perf…

Taiwan’s Inflation Rate Sees Notable Increase in February

Taipei: Inflation in Taiwan rose 1.75 percent in February, and is expected to remain below the 2 percent warning threshold in March, despite rising oil prices driven by the war in the Middle East, an official said Friday.

According to Focus Taiwan, …

Taiwan’s Industrial Output Hits Record High Driven by AI Demand

Taipei: Taiwan’s industrial production index and manufacturing subindex both hit record highs in January, driven by continued strong demand for artificial intelligence (AI) applications, the Ministry of Economic Affairs (MOEA) said Thursday. The indus…