Business

The U.S. dollar fell against the Taiwan dollar Friday, shedding NT$0.017 to close at NT$30.172.

Taiwan's top trade negotiator Yang Jen-ni (楊珍妮) met with U.S. Trade Representative Jamieson Greer in South Korea on Thursday, according to Vice Premier Cheng Li-chiun (鄭麗君), but she did not provide details on what specifically was discussed.

Taiwan shares ended up 113.44 points, or 0.52 percent, at 21,843.69 Friday on turnover of NT$342.74 billion (US$11.37 billion).

The U.S. dollar was traded at NT$30.115 at 10 a.m. Friday on the Taipei Foreign Exchange, down NT$0.074 from the previous close.

The Taiwan Stock Exchange's main index opened up 1.63 points at 21,731.88 Friday on turnover of NT$3.52 billion (US$116.67 million).

The Executive Yuan on Thursday approved a plan to speed up the development of Taiwan's smart robotics industry, aiming to raise the production value of professional service robots from NT$4 billion (US$132.47 million) to NT$50 billion over the next five years.

The semiconductor industry will grow by over 10 percent this year and is likely to have a market value of over US$1 trillion by 2030, a senior Taiwan Semiconductor Manufacturing Co. (TSMC) executive said Thursday.

The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.095 to close at NT$30.189.

Eight major business groups on Thursday urged all political parties to support a government plan to allocate NT$100 billion (US$3.31 billion) to state-run Taiwan Power Co. (Taipower).

Taiwan shares ended down 52.62 points, or 0.24 percent, at 21,730.25 Thursday on turnover of NT$340.84 billion (US$11.3 billion).