Business

Acer Inc., one of the leading PC brands in Taiwan, is planning to raise the price of products made in China and sold to the United States by 10 percent in response to U.S. President Donald Trump hiking tariffs on imports from China.

Advanced Semiconductor Engineering, Inc. (ASE), a wholly owned unit of Taiwan-based ASE Technology Holding Co., inaugurated its fifth plant in Penang, Malaysia, Tuesday, with an aim to double its IC packaging and testing capacity for artificial intelligence and automotive electronics used in the Southeast Asian market.

Shares in Taiwan closed higher Tuesday after contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) got a boost from last-ditch buying, dealers said.

The U.S. dollar rose against the Taiwan dollar Tuesday, gaining NT$0.070 to close at NT$32.765.

Taiwan shares ended up 160.78 points, or 0.68 percent, at 23,666.11 Tuesday on turnover of NT$330.785 billion (US$10.09 billion).

The U.S. dollar was traded at NT$32.758 at 10 a.m. Tuesday on the Taipei Foreign Exchange, up NT$0.063 from the previous close.

The Taiwan Stock Exchange's main index opened up 45.17 points at 23,550.50 Tuesday on turnover of NT$3.32 billion (US$104.43 million).

The median monthly regular wage in the local industrial and service sectors increased by 3.29 percent year-on-year in 2024 before adjusting for inflation, while the country's nominal average monthly regular wage grew by 2.77 percent over the same period, the Directorate General of Budget, Accounting and Statistics (DGBAS) reported on Monday.

Taiwan Semiconductor Manufacturing Co. (TSMC) said Monday that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is set to break ground on its third wafer fab in the U.S. in June.

Taiwan's semiconductor output value exceeded NT$5 trillion for the first time in 2024, reaching NT$5.32 trillion (US$152.69 billion), up 22.4 percent from a year earlier, according to statistics released by the Industrial Technology Research Institute (ITRI).