Apple’s Taiwan suppliers, Samsung apply for India’s smartphone scheme

NEW DELHI (Reuters) – Apple Inc’s (AAPL.O) Taiwan contract manufacturers Foxconn (2317.TW), Wistron Corp (3231.TW) and Pegatron Corp (4938.TW) have applied for India’s $6.65 billion scheme to boost local smartphone manufacturing, the country’s tech minister said on Saturday.

FILE PHOTO: People wear masks to protect themselves from coronavirus disease (COVID-19), while listening to the annual general meeting at the lobby of Foxconn’s office in Taipei, Taiwan, June 23, 2020. REUTERS/Ann Wang/File Photo

The production-linked incentive (PLI) plan offers companies cash incentives on additional sales of devices made locally over five years, with 2019-2020 as the base year. India hopes it will help turn the country into a global smartphone export hub like neighbouring China.

Apple already assembles some its smartphones, including the iPhone 11, via Foxconn and Wistron’s local unit in two southern Indian states.

Pegatron, one of Apple’s top suppliers, has

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Tech demand powers Taiwan export order growth to two-year high

TAIPEI (Reuters) – Taiwan’s export orders grew at their fastest pace in nearly two years in June, boosted by strong demand for telecommuting products such as laptops, as the coronavirus pandemic forced millions of people around the world to work from home.

FILE PHOTO: A person riding a scooter wears a mask amid the outbreak of the coronavirus disease (COVID-19), while passing a Foxconn office building in Taipei, Taiwan, July 14, 2020. REUTERS/Ann Wang/File Photo

The island’s export orders, a bellwether of global technology demand, jumped 6.5% in June from a year earlier to $41 billion, Ministry of Economic Affairs data showed on Monday.

The outcome exceeded a 1.2% rise projected in a Reuters poll and a 0.4% increase in May. It was the fourth consecutive month of gains and the strongest since August 2018.

The ministry, which has repeatedly warned of a difficult outlook for orders because of the

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Taiwan minister says TSMC has offset lost Huawei orders

TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW) has made up its order book with other customers now that it has lost China’s Huawei Technologies Co Ltd [HWT.UL], which is subject to U.S. sales restrictions, a government minister said on Monday.

FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan, Aug. 31, 2018. REUTERS/Tyrone Siu/File Photo

TSMC’s clients include Huawei’s chip division HiSilicon. However, the U.S. blacklisting of Huawei over security concerns and trade disputes with China has left the world’s biggest contract chipmaker exposed to diplomatic developments between two countries where it also has production bases.

Last month, the company unveiled plans for a $12-billion plant in the United States just hours before the U.S. Commerce Department outlined a proposal to amend chip export rules – a move that would restrict TSMC’s sales to Huawei.

The amendment

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Taiwan eyes $1.3 billion in foreign tech investment under new scheme

FILE PHOTO -General view of the city during sunset hour in Taipei, Taiwan, April 29, 2020. REUTERS/Ann Wang

TAIPEI (Reuters) – Taiwan hopes a new programme will attract T$40 billion ($1.34 billion) of research and development investment by foreign tech companies, creating more than 6,300 jobs a year, the government said on Thursday.

Taipei will spend more than T$10 billion in subsidies over the next seven years to attract the investment, Lin Chuan-neng, the island’s vice minister of economic affairs, said on Thursday.

“We will target three investment in three areas, which are 5G, artificial intelligence and semiconductors,” Lin told a news conference in Taipei.

“We hope to get them to Taiwan to do research and development,” he added. “We hope to boost related supply chains in Taiwan.”

The export-reliant island is home to tech behemoths like Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), the world’s biggest contract chipmaker

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