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Taiwan’s TSMC begins hiring push for $12 billion Arizona facility Posted: 24 Dec 2020 04:23 PM PST New hires will first go through a year-long training at TSMC’s Tainan facility Taiwan News
Date: 2020/12/24
By: Eric Chang, Taiwan News, Contributing Writer
 TSMC Tainan office building (Reuters photo) TAIPEI (Taiwan News) — Taiwan Semiconductor Manufacturing Co. (TSMC) has begun recruiting over 600 engineers and executives for its planned wafer fab in the U.S. TSMC plans to have current employees and new hires work at a US$12 billion foundry that will start construction next year in Phoenix, Arizona, Chairman Mark Liu (劉德音) told Nikkei Asia. Liu said upwards of 300 current employees and managers will be sent from Taiwan to Phoenix to help get things going at the 5-nanometer process facility. The U.S. has said it will offer as many working visas as TSMC needs, sources told the outlet. The Taiwanese company is also looking to hire 300 engineers with one to two years of experience who are eligible to work in the U.S., Liu added. These new engineers will initially go through a year-long intensive training program at TSMC’s 5-nm plant located at the Southern Taiwan Science Park in Tainan — where training will be conducted in English — before heading to Phoenix. TSMC, the world’s largest contract chipmaker, first announced plans to build the Arizona plant in May. [FULL STORY]  | Taiwan shares close up 0.40% Posted: 24 Dec 2020 04:14 PM PST Focus Taiwan
Date: 12/24/2020
By: Y.F. Low Taipei, Dec. 24 (CNA) Taiwan shares closed up 57.19 points, or 0.40 percent, at 14,280.28 Thursday on turnover of NT$221.89 billion (US$7.89 billion). [SOURCE]  | KGI fined NT$3.36m over trader’s death Posted: 24 Dec 2020 04:09 PM PST LAX CONTROLS: The FSC said the firm failed to catch a trader secretly managing 12 clients’ funds, but did not agree that it set unreasonable demands on employees Taipei Times
Date: Dec 25, 2020
0By: Kao Shih-ching / Staff reporter
 Photo: CNA The Financial Supervisory Commission (FSC) yesterday fined KGI Securities Ltd (凱基證券) NT$3.36 million (US$117,676) for poor internal control and lax management after a stock broker, surnamed Lai (賴), allegedly committed suicide in August in Taipei due to huge investment losses. Lai’s death has sparked public concern over KGI Securities’ management, with his family accusing the company of putting undue pressure on its brokers, including encouraging Lai to illegally trade futures for his clients, which resulted in huge investment losses. The commission announced the penalty after releasing its long-awaited investigative report on the incident, three-and-a-half months after it launched a probe. Lai had secretly managed at least 12 clients’ funds with their approval since 2018, helping operate their discretionary accounts, which means he decided which futures to buy or sell without their orders, an illegal behavior for a broker, Securities and Futures Bureau Deputy Director Kuo Chia-chun (郭佳君) told a news conference in New Taipei City. [FULL STORY]  | Video: Taiwan’s round-the-island railway now fully electrified Posted: 24 Dec 2020 04:03 PM PST Radio Taiwan International
Date: 24 December, 2020
By: John Van Trieste
It’s been a big week for Taiwan’s hardcore railway fans. Decades after Taiwan’s first stretch of railway was electrified, the entire railroad that loops around the island is now fully electrified. It’s a scene that recalls the run-up to the launch of a new iPhone. Long lines of people, some of them in place since the night before patiently await for doors to open. But these people aren’t waiting in front of a store: they’re sitting in a train station, waiting to take part in a historic moment for Taiwan’s railways. The Southern Link Line has been fully electrified, and the old diesel trains are no more. This stretch of track is the last piece of Taiwan’s round-the-island railway to open to electric trains, allowing for non-stop island-wide service that will shave up to half an hour off of journeys.
[FULL STORY]  | The Reason Taiwan Wants U.S. Immigration Preclearance Posted: 24 Dec 2020 03:56 PM PST View From The Wing
Date: December 24, 2020
By: Gary Leff Taiwan has asked the U.S. government to set up immigration preclearance center at the Taipei Taoyua airport. And it’s not for the reason that many travelers assume. It turns out Taiwan wants U.S. immigration preclearance for the same reason frequent flyer award seats and fare deals are going to be easily available on flights between the U.S. and Taipei for quite awhile. U.S. Immigration preclearance means you clear immigration and customers at your departure airport, before getting on the plane, rather than when you arrive in the U.S. This way you get off at your destination city in the U.S. as though you had been on a domestic flight. There are currently preclearance airports in - Dublin and Shannon, Ireland
- Aruba
- Freeport and Nassau, Bahamas
- Bermuda
- Abu Dhabi
- Calgary, Toronto, Edmonton, Halifax, Montreal, Ottawa, Vancouver, Victoria, and Winnipeg in Canada
[FULL STORY]  | Taiwan to raise minimum monthly wage to NT$24,000 next year Posted: 24 Dec 2020 03:51 PM PST 1.56 million workers expected to benefit from minimum monthly wage increase Taiwan News
Date: 2020/12/24
By: Ching-Tse Cheng, Taiwan News, Staff Writer
 Taiwan’s minimum monthly wage will be raised to NT$24,000 effective Jan. 1, 2021. (CNA photo) TAIPEI (Taiwan News) — Taiwan's minimum monthly wage will be raised to NT$24,000 (US$852.9) and the minimum hourly wage to NT$160 at the start of next year. According to the Ministry of Labor, the Cabinet has approved raising the minimum monthly wage by NT$200, with the hourly wage to increase by NT$2. The changes will go into effect on Jan. 1, 2021. [FULL STORY]  | Taiwan firm donates COVID-19 rapid tests to country’s allies Posted: 24 Dec 2020 03:45 PM PST Focus Taiwan
Date: 12/24/2020
By: Chen Yun-yu and intern Amber Wu
 Photo courtesy of MOFA\ Taipei, Dec. 24 (CNA) TaiDoc Technology, a Taiwanese manufacturer of health monitoring systems and devices, on Wednesday donated 300,000 rapid screening tests for COVID-19 to Taiwan's diplomatic allies. At a ceremony hosted by the Ministry of Foreign Affairs (MOFA), the tests were accepted by Ambassador Jasmine Huggins of St. Christopher and Nevis, dean of the diplomatic corps in Taiwan, on behalf of the allies. The 300,000 rapid screening tests donated by TaiDoc Technology will be shared among all of Taiwan's diplomatic allies, excluding the Holy See. The tests will also be given to Somaliland, a self-declared East African state that formally opened its representative office in Taiwan in September. At the donation ceremony, Vice Foreign Minister Miguel Tsao (曹立傑) said screening remains an important preventative measure despite the growing availability of COVID-19 vaccines.
[FULL STORY]  | Taipei mulls New Year’s Eve area restrictions Posted: 24 Dec 2020 03:41 PM PST Taipei Times
Date: Dec 25, 2020
By: Yang Hsin-hui, Chang Hsuan-che
and Jake Chung / Staff reporters, with staff writer
 A Taoyuan Mass Rapid Transit staff member disinfects a train of the Taiwan Taoyuan International Airport MRT yesterday.
Photo courtesy of the Taiwan Taoyuan International Airport MRT The Taipei City Government yesterday announced that it would set up restricted areas in front of the center stage for its New Year’s Eve party, adding that it might take further measures to curb the spread of COVID-19, including only allowing a reduced audience. The city government might stream the celebration on Thursday next week, to allow people to virtually participate, it said. The city government would enforce the Central Epidemic Command Center’s (CECC) regulations, as announced by the center on Tuesday, and close disease prevention loopholes by setting up further restrictions at the event. It would ask attendees to register with the organizers, the city government said.
[FULL STORY]  | US Congress members call for trade agreement with Taiwan Posted: 24 Dec 2020 03:36 PM PST Radio Taiwan International
Date: 24 December, 2020
By: John Van Trieste
 Resolutions backing a trade agreement with Taiwan have been brought forward in both chambers of the US Congress. Members of both the US House of Representatives and the US Senate have proposed resolutions backing a free trade agreement with Taiwan. Both the House and Senate resolutions were introduced December 17. They say that trade and commerce can bring the US and Taiwan closer together and benefit both sides’ security and economic growth. The resolutions say that the United States is Taiwan’s second-largest trade partner, while Taiwan is the United States’ tenth-largest trade partner and eleventh-largest economic partner overall. The resolutions say that the value of bilateral trade has growth from US$62 billion in 2010 to US$86 billion last year. [FULL STORY]  | Never say ‘fake news!’ Plus other advice from Taiwan on countering disinformation Posted: 24 Dec 2020 03:31 PM PST The Star
Date: Dec. 24, 2020
By: Jeremy NuttallVancouver Bureau
VANCOUVER — Taiwan’s success in battling online disinformation campaigns can yield lessons for other countries also struggling to counter false narratives and mistruths shared online, says the country’s digital minister. Audrey Tang said disinformation campaigns meant to interfere with Taiwan’s democracy and society launched by mainland China have given Taiwan an edge in developing ways to counter such campaigns, methods other nations can implement. “The importance, here, is that we are kind of in the front line,” Tang told the Star. “So, the more we share our counter-cyber security or counter-disinformation playbook, the more time other jurisdictions have in preparedness.” Disinformation campaigns were in full swing in 2020 as the COVID-19 pandemic spread and the United States held its presidential election. Since the Nov. 3 election, efforts attempting to discredit the validity of Democrat Joe Biden’s victory have emerged. [FULL STORY]  |
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