🇹🇼 Taiwan
War & Conflict
- Ceasefire / tensionChina-Taiwan
Beijing has announced no major exercise, but military activity around Taiwan has risen. Taiwan National Security Council Secretary-General Joseph Wu said in early November that more than 100 Chinese navy and coast guard…
Geopolitics & Diplomacy
Taiwan's defence minister says China staging carrier-led 'area denial' drills in Western Pacific ahead of APEC and local elections
Taiwan Defence Minister Wellington Koo said on Nov. 10 that China was conducting 'area denial' drills in the Western Pacific involving one of its aircraft carriers and other naval formations, aimed at undermining peace and stability in the Indo-Pacific. China has not formally declared any drills, but Taiwan's defence ministry reported a sharp rise in Chinese air force activity around the island last week. The activity comes ahead of next week's expected Trump-Xi meeting at APEC in Shenzhen and Taiwan's local elections at the end of the month.
Sources: taipeitimes.comusnews.com
Finance & Economy
Taiex adds about 2.5% as TSMC and MediaTek rise over 2%
[Tue 11/10 close, provisional] The Taiex rose for a second day after Monday's 4.94% surge, with TSMC and MediaTek each up more than 2%. A report of a 3.5% gain appears to reflect intraday trade; the closing index level was not confirmed.
Sources: malaymail.com
Tech & Energy
TSMC board approves up to $500 million each for Anthropic and OpenAI stakes, raises quarterly dividend
TSMC said in an SEC 6-K filing that its board on Nov. 10 approved buying up to $500 million of Anthropic common shares at the IPO price and investing up to $500 million in OpenAI preferred stock. It also earmarked up to $500 million to set up an investment company for semiconductor and ecosystem investments, and raised its quarterly dividend. TSMC did not say when the OpenAI deal would close or at what valuation. Anthropic's IPO filing lists reliance on TSMC chip supply as a risk factor, putting a key supplier on its shareholder register.
Sources: taipeitimes.comen.sedaily.comTSMC October revenue rises 59.7% year on year to NT$586.89 billion
TSMC said in a filing on Nov. 10 that consolidated revenue for October was approximately NT$586.89 billion, up 14.7% from September and 59.7% from a year earlier. Revenue for January through October totaled NT$4.49 trillion, up 43.3% year on year. Its fourth-quarter revenue guidance is $52.3 billion to $54.3 billion. The figures point to resilient foundry demand despite the recent selloff in AI chip stocks.
Sources: sec.gov