TW Biz News｜WK 08/19 - 08/25

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

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• 〔Focus Taiwan〕TSMC's investment in Germany focused on sustainability: Analyst

Taipei, Aug. 21 (CNA) Taiwan Semiconductor Manufacturing Co.'s (TSMC) investment in Dresden is aimed at strengthening corporate sustainability by taking advantage of green energy development in Germany, according to a veteran market information analyst in Taiwan.

• 〔Focus Taiwan〕Taiwan's direct overseas investment hits new high in Q2

Taipei, Aug. 24 (CNA) Taiwan's direct overseas investment reached a new high in the second quarter of this year, as tech firms were keen to send funds abroad for expansion, according to the central bank. Data compiled by the central bank showed direct overseas investment during the April-June period totaled US$10.7 billion, up from US$2.99 billion in the same period last year.

• 〔Taiwan Plus〕Taiwan Wants To Become an 'AI Island'

The National Science and Technology Council is proposing plans to promote Taiwan’s AI industries over the next five years. The council aims to invest more than US$1 billion in AI technologies across the country's south. 

• 〔Taiwan Plus〕Analysis: Income Up in Taiwan but Households Still Struggling

Government statistics show that average income in Taiwan hit a record high last year, but not everyone is feeling the benefits. Labor activist Roy Ngerng explains the difficult situation most households face in Taiwan, as even mid-range salaries only afford them the most basic necessities.

• 〔Taiwan Plus〕Higher Interest Rates for Mortgages As Taiwan's Banks Reach Lending Limit

Several banks in Taiwan have reportedly reached lending capacity and have raised interest rates on mortgages. This trend could burden property buyers and renters.