Foxconn and Gogoro form strategic alliance for global e-scooter expansion

Foxconn parent company Hon Hai Precision Industry (TWSE: 2317) announced that it has signed a memorandum of understanding with electric vehicle manufacturer Gogoro to form an alliance on technology and production strategies to accelerate plans for Gogoro’s global expansion plans, today June 23. The cooperation agreement will allow Gogoro to use the world’s largest technology manufacturer and service provider, Hon Hai Technology Group’s high-tech manufacturing capabilities to enhance the capacity and scale of battery exchange technology and smart electric vehicle

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Laptop sales surge, education department website crashes after nationwide school closure announced

Schools across Taiwan will be closed from tomorrow May 19 until May 28, the Ministry of Education announced today, leading to the MOE website crashing as concerned parents and students flooded onto the site seeking more information. The MOE made the decision a day after schools in Taipei City and New Taipei City announced city-wide school closures from today, May 18. Minister of Education Pan Wen-chung announced that all schools, including public and private kindergartens, elementary, junior and senior high

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Taiwanese PC maker Gigabyte apologizes for mocking quality of “Made in China” components

Taiwan-based PC maker GIGABYTE (TWSE:2376) issued an apology today, after facing criticism in China over statements made on its website which implied that computer components manufactured in China were of inferior quality to those made in Taiwan. The introduction to Gigabyte’s e-sports notebook series “Aero” claimed that Gigabyte implements strict quality control, manufacturing their notebook computers in Taiwan instead of China, where product quality is low. The comment drew the ire of Chinese Internet users on social media platforms such

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Taiwan tech companies report large revenue gains as ICT demand continues to surge

Taiwan PC manufacturer ASUSTek (TWSE: 2357) announced a consolidated group revenue for March 2021 of NT$45.9 billion, a year-on-year increase of 74% due to continuing strong demand for laptop computers. The company reported today, April 9, that group revenue for the first quarter of 2021 was NT$116.2 billion, a year-on-year increase of 64%. ASUSTek said that the company has a positive outlook on PC market demand and an active growth strategy going forward. In the first quarter of 2021, the

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Acer’s February revenue up 80.9% year-on-year

Strong demand for computers has seen Taiwan ICT giant Acer (TWSE:2353) rack up NT$20.32 billion (US$718.06 million) in consolidated revenue for February, 2021, up 80.9% from the same time last year, the company announced today, March 9. Cumulative revenue for the first two months of the year was NT$43.813 billion, a year-on-year increase of 76.8%. Acer reported that its e-sports product revenue in February increased 91.3% year-on-year, while Chromebook revenue increased by 631.3%. Earnings from desktops were up 34.3% from

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Taiwan stocks, company revenues reach record highs: investors hope for bullish Year of the Ox

The Taiwan Stock Exchange is closed for the Lunar New Year holidays after finishing the Year of the Rat at a record high of 15,802 points, and record company revenues are boosting investor confidence for a bullish Year of the Ox. The TWSE closed Friday, February 5, 3,683.69 points (30.4%) up from the close of trading the previous year – the Year of the Pig. As company revenue reports flood in, investors are seeing record sales, revenues, and profits, on

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