Business

A consortium of major Asia-Pacific telecom companies, including Taiwan-based Chunghwa Telecom (CHT), jointly activated the Southeast Asia-Japan Cable 2 (SJC2) on Friday, a high-capacity international submarine cable system aimed at strengthening digital infrastructure and connectivity across the region.

The 2025 Taipei Summer Travel Expo officially opened Friday, featuring a four-day ticket to celebrate the 10th anniversary of the annual tourism event.

The U.S. dollar fell against the Taiwan dollar Friday, shedding NT$0.006 to close at NT$29.406.

Taiwan shares ended up 269.85 points, or 1.17 percent, at 23,383.13 Friday on turnover of NT$368.74 billion (US$12.54 billion).

The U.S. dollar was traded at NT$29.379 at 10 a.m. Friday on the Taipei Foreign Exchange, down NT$0.033 from the previous close.

The Taiwan Stock Exchange's main index opened up 232.44 points at 23,345.72 Friday on turnover of NT$9.76 billion (US$331.97 million).

Tigerair Taiwan launched a new route Thursday connecting Taoyuan, Taiwan and Ishigaki Island in Okinawa, Japan, with two round-trip flights scheduled each week.

Taiwan Semiconductor Manufacturing Co. (TSMC) is accelerating the construction of its second and third wafer fabs in Arizona, with the aim of establishing a global gigafab cluster in the U.S. state.

Taiwan Semiconductor Manufacturing Co. (TSMC) has raised its U.S. dollar-based sales growth forecast to 30 percent, up from 24-26 percent, citing strong demand for its advanced process technologies.

Shares in Taiwan closed slightly higher Thursday as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) moved in a narrow rage ahead of an investor conference slated to open after the trading session, dealers said.