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bnp paribas resolves employee suspension through global union agreement in taiwan

BNP Paribas Taiwan lifted the suspension of employee representative Mr. Wu on March 17, following intervention from UNI Global Union under a new global agreement. Wu had been suspended for allegedly misusing company resources while promoting union formation, but discussions led to a resolution, allowing him to withdraw his unfair labor practice complaint. The Taiwan Federation of Financial Unions supported Wu, and both parties are now exploring cooperation on labor education and union formation.

Taiwan's economy grows in February fueled by AI chip demand

Taiwan's economy experienced growth in February 2025, fueled by strong demand for AI chips, as reported by the National Development Council. The composite index, reflecting economic conditions, rose to 37, indicating moderate strength, with notable improvements in manufacturing and retail sectors attributed to factory expansions and increased semiconductor equipment imports.

Taiwan approves major investments from Google and Amazon subsidiaries

Taiwan's Ministry of Economic Affairs has approved significant investment plans from Google and Amazon. Google Engineering UK Holdings will invest NT$7 billion (US$211.3 million) in mobile and wearable technology research through Google Taiwan Ltd. Meanwhile, Amazon's A100 Row Inc. is set to invest NT$2.59 billion (US$87.2 million) in its AWS Taiwan operations, focusing on personnel and equipment maintenance.

Foxconn to unveil electric vehicle strategy at Japan seminar

Foxconn will hold a seminar in Japan on April 9 to present its electric vehicle (EV) strategy, targeting local automakers and suppliers. Jun Seki, the company's chief EV strategy officer and a former Nissan executive, is set to speak at the event. This follows Foxconn's recent agreement with Mitsubishi Motors to produce EVs for Oceania, marking its first outsourcing deal with a Japanese automaker and indicating a potential shift in Japan's automotive landscape amid rising competition from Chinese manufacturers like BYD.

US blacklists 80 firms including over 50 from China for security concerns

The US has added 80 organizations to its export blacklist, with over 50 based in China, to prevent access to advanced computing technologies for military purposes. The restrictions, announced by the Department of Commerce’s Bureau of Industry and Security, target entities involved in high-performance computing, AI, and hypersonic weapons development. China's Foreign Ministry condemned the move as a violation of international law, highlighting the ongoing tensions between the US and China.

ubs downgrades sunny optical to sell and lowers price target to hk67

UBS has downgraded Sunny Optical Technology Group from "buy" to "sell," lowering its price target to HK$67.00, citing overextended stock valuation and concerns over future earnings amid macroeconomic risks. Despite strong fundamentals and a significant stock return, analysts question the sustainability of demand and the realism of aggressive EPS growth forecasts.In contrast, BofA Securities and Citi maintain "buy" ratings with higher price targets, highlighting growth potential in the automotive sector and camera modules, while Jefferies has lowered its target to HK$85.00, expressing caution over smartphone demand and growth prospects.

Goldman Sachs cuts AI server shipment forecasts and target prices for suppliers

Goldman Sachs has revised its forecast for global AI server shipments, anticipating a slowdown in market growth due to product transition challenges, supply and demand uncertainties, and rising production complexities. The new projections for 2025 and 2026 have been adjusted to 19,000 and 57,000 units, respectively, down from 31,000 and 66,000 units. Additionally, the firm has lowered target prices for several Taiwan-based companies within the AI server supply chain.

Goldman Sachs cuts AI server shipment forecasts for 2025 and 2026

Goldman Sachs has revised its forecast for global AI server shipments, anticipating a slowdown in market growth due to product transition challenges, supply and demand uncertainties, and rising production complexities. The new projections for 2025 and 2026 are now 19,000 and 57,000 units, down from 31,000 and 66,000 units, respectively. Additionally, target prices for several Taiwan-based companies in the AI server supply chain have been lowered.

Foxconn invests 142 million dollars in Texas for AI server production

Foxconn has invested $142 million in Texas, acquiring an 86.34-acre property and a 1 million square-foot building in Houston through its subsidiary, Ingrasys Technology Inc. The facility is expected to expand AI server production for North American clients, excluding Apple Inc.

garmin g3000 prime chosen for pilatus pc-7 mkx military training aircraft

Garmin Ltd. has been selected to provide the G3000 PRIME for the Pilatus PC-7 MKX military training aircraft. The company specializes in satellite geopositioning systems, with a diverse product range across marine, land, and aerial applications, and operates nine production sites globally. In 2024, net sales were distributed across various sectors, with outdoor activities leading at 31.2%, and geographical sales primarily in the Americas (48.2%) and Europe/Middle East/Africa (36.8%).
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