Archive for the ‘Technology’ Category

Taiwanâ€™s January Export Orders Surpass Expectations Driven by AI Demand

February 27, 2024

In a surprising turn of events, Taiwan’s export orders for January outpaced expectations, showcasing resilience amid dynamic global market conditions. With a rise of 1.9% from the previous year, reaching $48.42 billion, the island nation defied projections of a 3.6% decline as forecasted by a Reuters poll. This unexpected surge follows a significant 16.0% drop […]

Japan Continues Subsidies to Boost Memory Chip Production

Japan, News, Technology

February 5, 2024

The Japanese Ministry of Industry announced on Tuesday its intention to extend subsidies amounting to 242.9 billion yen ($1.64 billion) to support efforts to expand memory chip production in Mie and Iwate prefectures. This financial support serves as a lifeline for companies facing challenges due to a downturn in the NAND flash chip market. […]

India Witnesses Surge in Electronics Exports Fueled by Smartphone Manufacturing Success

India, News, Technology

January 23, 2024

India is experiencing remarkable growth in electronics exports, primarily driven by increased production and exports from major smartphone manufacturers. According to data from the India Cellular and Electronics Association (ICEA), electronics exports from India reached a record high of over $20 billion in the first nine months of fiscal 2024 (April 2023 to March 2024), […]

India Paves the Way for Mobile Tech Triumph: Proposes Import Duty Cuts to Boost Global Competitiveness

India, News, Technology

January 11, 2024

In a move aimed at fostering its position in the global mobile phone market, India is reportedly contemplating import duty cuts on critical components essential for the production of high-end smartphones. Government officials have revealed that the potential duty reductions, if implemented, could provide a significant boost to companies like Apple and contribute to the […]

Taiwanâ€™s December Exports Surpass Expectations, Led by Strong Demand from the US

News, Taiwan, Technology, United States

January 11, 2024

Taiwan experienced a notable surge in exports in December, outperforming expectations primarily due to increased demand for high-tech products from the United States. The finance ministry reported a substantial 11.8% year-on-year growth, reaching $39.94 billion. This exceeded the 4.9% growth forecast in a Reuters poll and marked a significant improvement from the 3.8% gain observed […]

U.S. Senator Marco Rubio Calls for Sanctions on Chinese Chip Firm Brite Amidst Concerns

News, Technology, United States

December 20, 2023

U.S. Senator Marco Rubio, a Republican lawmaker, has called upon the Biden administration to impose sanctions on the Chinese chip design firm Brite Semiconductor due to its connections with China’s leading sanctioned chipmaker and its involvement with Chinese military suppliers. The move comes after recent reports revealed that Brite Semiconductor provides chip design services to […]

The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.