Industry

Ex-Insurance Executive Detained in NT$50 Million Investment Fraud

Taipei: Taipei District Court on Saturday approved prosecutors’ request to detain a former insurance firm executive accused of selling investment products and pocketing more than NT$50 million (US$1.58 million) incommunicado. The suspect, surnamed Che…

TSMC Announces Ambitious Plan to Hire 8,000 Workers in 2026

Taipei: Taiwan Semiconductor Manufacturing Co. (TSMC) revealed plans to recruit 8,000 additional employees this year to support its expansion goals, offering an average annual salary of NT$2.2 million (US$69,449) for new engineers with a master’s degr…

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, …