AGP Executive Report
Last update: an hour agoMarkets and Chips: TSMC posted a sixth straight quarterly profit record, with third-quarter earnings up 69% to NT$763.1 billion on AI demand. But Taiwan shares plunged as much as 3.8% amid a global tech sell-off and hotter U.S. inflation; the Taiwan dollar also weakened to its lowest level since early August. Alaska Energy Deal: Taiwan says talks on investing up to US$4.4 billion in Alaska’s proposed LNG project have made major progress. President Donald Trump says Taiwan would buy 30% of the project’s gas for 20 years, but the purchase terms have not been fully confirmed by Taipei. Micron Labor Dispute: President Lai Ching-te urged Micron and its Taiwan workers to negotiate in good faith as the union prepares for a possible strike over bonuses. Cross-Strait Pressure: Beijing says it will sanction a company it accuses of helping a Taiwan independence advocate evade earlier penalties. Taiwan has also warned Europe that dependence on China threatens its freedom and sovereignty.
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