Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s top chipmaker, posted a double-digit drop in revenue last month, its first decline in four years. The chip-making giant’s filing on April 10 showed that revenue for March fell 15 percent from the same month a year earlier, after economic headwinds hit the semiconductor market, according to Dow Jones Newswires….
World’s Top Chipmaker Posts Drop in Revenue, Its First Decline in Four Years
April 10, 2023
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Asia & PacificBusiness & MarketsCompanieseconomic policieseconomyfirst quarterinflationInvestmentMarketssemiconductorTechTech NewsTSMCUSWorld
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Delegation of Canadian MPs Travels to Taiwan, Resumes ‘Long-Standing’ Parliamentary Exchanges
A delegation of ten Canadian MPs kicked off a one-week visit to Taiwan, which came amid a military exercise by Beijing that simulated an incursion onto the island. The trip is part of the long-standing parliamentary exchanges between Taiwan and Canada that resumed following the lifting of COVID-19 restrictions, according to a parliamentary statement. Liberal…
China Ends Taiwan Drills After Practicing Blockades, Precision Strikes
TAIPEI—China ended three days of military drills around Taiwan on Monday saying they had tested integrated military capabilities under actual combat conditions, having practiced precision strikes, and blockading the self-ruled island. Taiwan responded to Beijing’s announcement by saying it would “never relax” its efforts to strengthen combat readiness and would closely monitor China’s missile forces…
North Korea Refuses to Answer South Korean Military Hotline Calls Amid Tensions
South Korea’s government said on April 10 that North Korea has refused to answer its calls through both the joint liaison communication channel and the military hotline for the fourth day in a row. The two Koreas typically hold phone calls twice a day through the inter-Korean liaison channel and the military hotline, except for…
From Largest Surplus to Largest Deficit, South Korea’s Economy Weighed Down by China
April 10, 2023
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Asia & PacificChinaChina Business & EconomyChina-South Koreachinese importsInternational RelationslithiummineralsWorld
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News Analysis South Korea, heavily dependent on exports to China, has seen its exports deteriorate further due to China’s economic downturn. Exports to China, once Korea’s largest trade surplus, have turned into its largest deficit since 2023. According to statistics released by the Korea International Trade Association (KITA) in late March, South Korea’s trade balance…
Rubio Responds to Macron’s Call to ‘Break Away’ From US After China Meeting
April 10, 2023
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Asia & PacificChinaEuropeInternationalmacronMarco RubioPaul MassaroPoliticsRepublicansUSUS NewsUS-China relationsWorld
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Sen. Marco Rubio (R-Fla.) has condemned French President Emanuel Macron for appearing to advocate that Europe should distance itself from the United States over a possible Chinese military aggression against Taiwan. In a roughly two-minute video posted on Twitter Sunday, Rubio asked whether Macron “speaks for all of Europe” when he suggested that the EU…
Rubio Responds to Macron’s Call to Distance Itself From US After China Meeting
April 10, 2023
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Asia & PacificChinaEuropeInternationalmacronMarco RubioPaul MassaroPoliticsRepublicansUSUS NewsUS-China relationsWorld
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Sen. Marco Rubio (R-Fla.) has condemned French President Emanuel Macron for appearing to advocate that Europe should distance itself from the United States over a possible Chinese military aggression against Taiwan. In a roughly two-minute video posted on Twitter Sunday, Rubio asked whether Macron “speaks for all of Europe” when he suggested that the EU…
Sperm Whale Dies on Indonesian Island After Being Stranded Twice on Same Day
An 18-meter-long sperm whale died after becoming stranded for a second time on a beach in Bali Island, Indonesia, despite having been pushed back into the sea by locals and authorities, according to local reports. The whale was first spotted stranded on Lepang Beach in Bali’s Klungkung regency at 4:30 a.m. local time on April…
US State Department Says ‘Sufficient Resources’ in Place as China Simulates Striking Taiwan
April 10, 2023
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Asia & PacificChinaChina-Taiwan TensionsExecutive BranchGlobal ExpansionmilitaryPoliticsSpecial TopicsTaiwanUSUS State DepartmentWorld
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The U.S. State Department has said that “sufficient resources and capabilities” were in place to ensure peace and stability in the Taiwan Strait as Beijing staged war games around Taiwan for a third day. “We are comfortable and confident that we have in place sufficient resources and capabilities in the region to ensure peace and…
Sen. Lindsey Graham Says He Would Support Sending American Troops to Taiwan
April 9, 2023
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Asia & PacificChinacongressPoliticsRep. Michael McCaulSen. Lindsey GrahamSpecial TopicsTaiwanUSUS NewsUS-China relationsWorld
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The United States should aggressively train Taiwanese forces “so they can fight like Ukrainians,” send F-16 jets to the island, install nuclear-tipped missiles in its submarines, and dispatch American troops to defend the nation, Sen. Lindsey Graham (R-S.C.) told Fox News Sunday on April 9. Graham said that Congress needs to ask itself, “‘Should we…
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