TW Biz News｜WK 09/23 - 09/29

Every week, we'll select Taiwan's five business news from the previous week for your review.

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• 〔Focus Taiwan〕Taiwan economy heats up further in August on strong exports

Taiwan's index gauging the state of the economy flashed a "red" light in August, reflecting a booming or even overheating economy built on a strong demand for tech products and record exports, National Development Council (NDC) data showed.

• 〔Focus Taiwan〕Taiwan has competitive edge in potentially polarizing AI world: Tech head

In the artificial intelligence (AI) era, enterprises and countries already at the top might get stronger, but "Taiwan still has plenty of advantage with its excellence in hardware manufacturing," a tech company head told a forum in Taipei.

• 〔Taiwan News〕Taiwanese startups continue Japanese market expansion

National Development Council (NDC) Minister Liu Chin-Ching (劉鏡清) led around 50 Taiwanese startups to Japan on Sept. 17 for the Japan-Taiwan Innovation Summit and attended the Startup Island Taiwan office launch in Tokyo.  

• 〔Taiwan News〕TSMC performance in US market drives Taiwan stocks to 2-month high

Taiwan's stock market rallied on Wednesday (Sept. 25) in early trading after Taiwan Semiconductor Manufacturing Company (TSMC) shares rose in the US.

• 〔Taiwan Plus〕Analysis: TSMC Reportedly Discussing Building Factories in Middle East

TSMC and Samsung are reportedly discussing opportunities to build chip factories in the United Arab Emirates, with projects potentially being valued up to US$100 billion, according to the Wall Street Journal. TaiwanPlus speaks with Dan Hutcheson, Vice Chair of TechInsights on whether the UAE is a good investment for chips.