Tag Archives: Taiwan

By Steve Holland, Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden said on Saturday the United States does not support the independence of Taiwan, after Taiwanese voters rebuffed China and gave the ruling party a third presidential term. Earlier in the day, the Taiwanese ruling Democratic Progressive Party’s (DPP) presidential candidate Lai Ching-te came to power, strongly rejecting Chinese pressure to spurn him, and pledged both to stand up to Beijing and seek… Source link

By Jane Lanhee Lee (Reuters) – Tensions between China and the United States are pushing some manufacturer companies to talk about moving some of their supply chain away from Taiwan as well, although it’s “incremental,” the head of Taiwan’s most important smartphone chip design firm told Reuters over the weekend. Some of the “very large (equipment manufacturers) will require their chip suppliers to have multiple sources, like from Taiwan and from U.S., or from Germany or from Europe,”… Source link

Russia’s invasion of Ukraine this year has roiled global energy markets and caused food shortages in some parts of the world. The disruptions could intensify during the winter, with soaring energy costs causing a recession in Europe and weakening the economies of the United States and many other nations. A broader and more devastating conflict remains possible. A war involving China would be orders of magnitude worse. House Speaker Nancy Pelosi’s recent visit to Taiwan enraged China’s… Source link

The entire semiconductor industry seemed to be holding its breath as Nancy Pelosi’s plane made its final approach to Taipei this week. Some in the sector now appear to be exhaling. The dramatic slate of responses from China to the House Speaker’s visit has notably sidestepped the chip issue — signaling that both the U.S. and China hope to keep Taiwan’s valuable semiconductor factories humming no matter what else happens in the coming weeks and months. “I think both the U.S. and China are… Source link

portto, the company behind nonfungible token (NFT) and crypto wallet Blocto, is joining forces with Yahoo Taiwan to launch Yahoo Taiwan NFT Store. They’re set to debut by the end of this month with the first NFT collection featuring ‘A-Hoo’ , the official mascot of Yahoo Taiwan whose image widely appears on its stickers, branded products, and even delivery crates. The ‘A-Hoo’ collection will also be available to trade on Blocto’s NFT marketplace, BloctoBay. The new store enables… Source link

The Senate on Wednesday overwhelmingly passed a $768 billion defense policy bill that directs the president to create a “grand strategy” to address global economic and military threats posed by China. That vote came as news emerged that U.S. military commanders have created a software tool designed to predict how China will react to U.S. activities in the area, such as U.S. officials’ visits to Taiwan. In a new interview taped Monday, billionaire hedge fund titan Ray Dalio said a military… Source link

Chang Kai Shek (CKS) Memorial Hall in Taipei, capital of Taiwan. What is it about Taiwan anyway? Why does China care so much about this little island — and why should we in the U.S. give a flying hoot? Further, why is Taiwan such a big deal right now? (And a focal point of the virtual summit held this week between Joe Biden and Xi Jinping.) The disputed status of Taiwan has been an issue for almost three quarters of a century. Now for some reason Taiwan has moved from a tolerable friction… Source link

MELBOURNE, Nov 13 (Reuters) – It would be “inconceivable” for Australia not to join the United States should Washington take action to defend Taiwan, Australian Defence Minister Peter Dutton said on Saturday. On Wednesday, U.S. Secretary of State Anthony Blinken said the United States and its allies would take unspecified “action” https://www.reuters.com/world/asia-pacific/us-allies-would-take-action-if-taiwan-attacked-blinken-2021-11-10 if China were to use force to alter the status quo over… Source link

(Bloomberg) — Taiwan stocks slumped, extending their biggest rout in more than a year, as the government tightened restrictions on people and businesses to control its worst outbreak of the coronavirus. The Taiwan Stock Exchange Weighted Index closed the Monday session 3% lower, having slid as much as 4.2%, as authorities urged companies to allow staff to work from home or split locations after reporting a record 206 new local cases Sunday. The benchmark gauge sank 8.4% last week on concern… Source link

National Review The Bill Is Coming Due for China’s ‘Capitalist’ Experiment The Chinese Communist Party (CCP) has re-awoken to a profound truth: Rich, secure capitalists are the natural enemies of authoritarian regimes. In a hybrid autocratic-capitalist model, capitalism is the means to generate wealth, but power is the end goal. Successful capitalists naturally begin to demand that their personal and property rights be protected from authoritarian fiat. Capital in the hands of… Source link