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barclays lowers price target for applied materials to 160 from 190
Barclays has lowered its price target on Applied Materials, Inc. to $160 from $190 while maintaining an equal-weight rating. The company focuses on designing and manufacturing equipment for integrated circuits and semiconductor components, with 73.3% of net sales coming from the semiconductor industry. Geographically, 37.2% of sales are generated in China, followed by Korea (16.5%) and Taiwan (14.8%).
Taiwan announces 2.7 billion support package for businesses hit by tariffs
Taiwan's government will introduce a NT$88 billion (US$2.7 billion) support package to aid businesses impacted by recent US tariffs, focusing on the industrial, agricultural, and fishery sectors. The initiative includes NT$70 billion for measures like reduced loan interest rates and job stabilization, with NT$18 billion specifically for agriculture. This response follows discussions among government leaders and aims to mitigate the expected GDP slowdown due to the tariffs.
Google signs first geothermal energy deal in Taiwan to boost renewable capacity
Google has signed its first corporate power purchase agreements for geothermal energy in Taiwan, marking a significant step in the Asia-Pacific region. The projects, developed by Baseload Capital, aim to add 10 megawatts of geothermal power to Taiwan’s grid, supporting the country's goal of 6 gigawatts by 2050. This initiative aligns with Taiwan's ambition to become the "Asia-Pacific Green Energy Hub," diversifying its renewable energy portfolio and enhancing sustainability efforts in response to growing electricity demand.
Taiwan evaluates impact of US tariffs on semiconductor industry
Taiwan is set to evaluate the potential impact of proposed US tariffs on its semiconductor industry, with Economy Minister Kuo Jyh-huei indicating plans for negotiations with Washington to ensure fair competition. The government will simulate the tariffs' effects, while TSMC's $100 billion investment in US facilities aims to maintain Taiwan's technological leadership and mitigate tariff risks. This strategy reflects Taiwan's evolution from a manufacturing hub to a key player in high-value production, bolstered by past trade tensions.
US launches investigation into semiconductor supply chain security vulnerabilities
The U.S. administration will investigate the semiconductor supply chain to assess national security risks, focusing on vulnerabilities in critical technology sectors. This initiative, announced by President Trump, reflects a historical pattern of government intervention in the semiconductor industry, driven by concerns over foreign competition and geographic concentration in East Asia, particularly Taiwan. While reshoring production may enhance security, it could also lead to higher costs and a potential loss of competitiveness, highlighting the need for skilled workforce development alongside manufacturing investment.
Taiwan prioritizes tariff negotiations with US to protect economic interests
Taiwan is set to engage in trade negotiations with the US to address a 10% tariff on its exports, as announced by President Lai. The discussions aim to protect national interests and support industry, with Taiwan proposing to boost US procurement and investment while reducing trade barriers. The current tariff situation poses significant economic risks, potentially impacting Taiwan's GDP growth due to its heavy reliance on exports.
Taiwanese PCB manufacturers reconsider Thailand production amid steep US tariffs
Taiwanese PCB manufacturers in Thailand may reduce production due to a steep 37% tariff imposed by the US, which could deter further investment in the region. This tariff, part of a broader trade strategy, threatens to undermine Thailand's role as a manufacturing hub for Taiwanese firms seeking to avoid US-China trade tensions. The situation highlights the complexities and uncertainties in global supply chains as companies navigate shifting tariff landscapes.
indonesian rupiah hits record low against us dollar as regional currencies decline
The Indonesian rupiah opened at a record low of 16,898 per US dollar on April 7, falling 1.47%. It led declines among Asian currencies, with the Taiwan dollar, Malaysian ringgit, and Philippine peso also weakening. In contrast, the Japanese yen gained 0.49% against the dollar.
Taiwan imposes short selling restrictions amid US tariff concerns
Taiwan's Financial Supervisory Commission has imposed temporary short-selling restrictions from April 7 to April 11 in response to market instability caused by US tariffs. The measures include increasing the short-selling margin ratio from 90% to 130% and limiting the number of shares sold short. Analysts anticipate pressure on the Taiwan dollar and potential foreign capital outflows, while the central bank stands ready to stabilize the currency if necessary.
ubs outlines investment strategies amid market volatility and political uncertainty
Global stock markets faced significant declines, with the MSCI All-Country World Equity index dropping 4.4% in March, primarily due to escalating trade tensions and fears of stagflation. UBS recommends three investment strategies for 2025: capitalize on US market volatility, selectively invest in non-US markets, and hedge against political risks with gold and oil. The firm maintains a positive outlook on US equities, citing strong economic fundamentals and potential tax legislation.
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