Industry

Taipei Aims to Resolve Land Use Contract to Retain Nvidia Taiwan HQ in City

Taipei: Taipei Deputy Mayor Lee Shu-chuan announced on Sunday that the city government intends to send a mutual contract termination document to Shin Kong Life Insurance. The document, to be dispatched on Monday, is intended to facilitate discussions regarding the surface rights of plots T17 and T18 in Beitou Shilin

Naval Officer Indicted for Selling Missile Manuals to Chinese Agent

Taichung: The Taichung District Prosecutors Office has indicted a naval officer on corruption charges after he allegedly sold sensitive but unclassified operational manuals for Taiwan’s domestically developed Hsiung Feng II (HF-2) anti-ship missiles to a Chinese intelligence agent. According to Focus Taiwan, in an indictment released to the press on

National Central University Names Asteroid After Pingtung’s Hengchun

Pingtung: National Central University (NCU) on Saturday announced that an asteroid it discovered has been officially named “Hengchun,” coinciding with the 150th anniversary of the Pingtung County township’s founding. According to Focus Taiwan, at a press conference at Pingtung County Library, NCU Vice President Chen Wen-yih described the asteroid’s naming

Stabilization Fund to Continue Market Intervention Amid U.S. Tariff Concerns

Taipei: The National Financial Stabilization Fund will continue to intervene in the local stock market despite a significant rebound since it first entered the market in early April, with the Ministry of Finance (MOF) citing uncertainties stemming from U.S. tariff policies. According to Focus Taiwan, the MOF stated that the

EVA Air Revenue Falls in September, Starlux and Tigerair Taiwan Report Growth

Taipei: EVA Airways, one of Taiwan’s prominent international carriers, experienced a 10 percent year-on-year decline in revenue for September. In contrast, Starlux Airlines, the newest Taiwanese international carrier, and Tigerair Taiwan, the country’s sole low-cost airline, reported an increase in revenue during the same month. According to Focus Taiwan, EVA

85°C Café to Close Underperforming Outlets in China, Bolster U.S. Expansion

Taipei: Gourmet Master Co., the owner of the 85°C Bakery Cafe chain, has announced plans to shutter underperforming outlets in China as part of a business restructuring strategy, while simultaneously ramping up its expansion efforts in the United States. According to Focus Taiwan, the decision stems from challenges in the