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Foxconn quarterly profit hits two-decade low, sees growth from post-virus lifestyles

Foxconn quarterly profit hits two-decade low, sees growth from post-virus lifestyles

By , But the world’s largest contract electronics manufacturer, formally called Hon Hai Precision Industry Co Ltd, said the worst of the virus outbreak for the company was over.New growth was to be found in the work-from-home lifestyles being adopted around the world even if the outlook for smartphone and other consumer electronics demand remained bleak, it said.“Hon Hai will stabilize in the second quarter,” Foxconn said in a statement, adding that all of its main factories in China have now resumed normal operations.Net profit for January-March slumped 90% to T$2.1 billion ($70.3 million)...

May 15, 2020
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China drops word 'peaceful' in latest push for Taiwan 'reunification'

China drops word 'peaceful' in latest push for Taiwan 'reunification'

By , BEIJING/TAIPEI (Reuters) - Chinese Premier Li Keqiang left out the word “peaceful” on Friday in referring to Beijing’s desire to “reunify” with Chinese-claimed Taiwan, an apparent policy shift that comes as ties with Taipei continue on a downward spiral.Taiwan has complained of increased Chinese military harassment since the coronavirus pandemic began, with fighter jets and naval vessels regularly approaching the island on drills China has described as routine.China says Taiwan is its most sensitive and important territorial issue, and has never renounced the use of force to bring what...

May 22, 2020
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China's massed drills near Taiwan take aim at Washington audience

China's massed drills near Taiwan take aim at Washington audience

Register now for FREE unlimited access to Reuters.comTAIPEI, April 16 (Reuters) - Chinese carrier drills and stepped-up incursions into Taiwan's air defence zone in recent weeks are meant to send a message to Washington to stand down and back off, security sources in Taipei say.The increased activity - which China, unusually, described as "combat drills" on Wednesday - has raised alarm in both Taipei and Washington, though security officials do not see it as a sign of an imminent attack.Rather, according to an official familiar with Taiwan's security planning, at least some of the exercises...

April 16, 2021
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Taiwan tells Biden emissaries island will counter China’s manoeuvres with U.S.

Taiwan tells Biden emissaries island will counter China’s manoeuvres with U.S.

Register now for FREE unlimited access to Reuters.comTAIPEI, April 15 (Reuters) - Taiwan President Tsai Ing-wen told emissaries visiting at U.S. President Joe Biden’s request on Thursday that the island would work with the United States to deter threats from Chinese military activities.Former senior U.S. officials, including former U.S. Senator Chris Dodd and former Deputy Secretaries of State Richard Armitage and James Steinberg, in a trip to signal Biden’s commitment to Taiwan and its democracy.Tsai told the U.S. delegation in a meeting at the Presidential Office that Chinese military...

April 15, 2021
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China sends more jets; Taiwan says it will fight to the end if there's war

China sends more jets; Taiwan says it will fight to the end if there's war

By , TAIPEI (Reuters) -China sent more fighter jets into Taiwan’s air defence zone on Wednesday in a stepped-up show of force around the island Beijing claims as its own, and Taiwan’s foreign minister said it would fight to the end if China attacks.The democratic self-governed island has complained of repeated military activities by Beijing in recent months, with China’s air force making almost daily forays in Taiwan’s air defence identification zone. On Monday, China said an aircraft carrier group was exercising close to the island.Taiwan’s Defence Ministry said 15 Chinese aircraft,...

April 7, 2021
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Taiwan says may shoot down Chinese drones in South China Sea

Taiwan says may shoot down Chinese drones in South China Sea

By TAIPEI (Reuters) - Taiwan has spotted Chinese drones circling the Taipei-controlled Pratas Islands in the South China Sea and may shoot them down if they stray too close, a government minister said on Wednesday, a move that could dramatically increase tensions with Beijing.Speaking at parliament, Lee Chung-wei, who heads the Ocean Affairs Council under whose purview the Coast Guard falls, said that they had recently spotted Chinese drones circling the Pratas, though they have not flown over the islands.“They have never entered our restricted waters and airspace, they’ve just flown around...

April 7, 2021
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China sends more jets; Taiwan says it will fight to the end if there's war

China sends more jets; Taiwan says it will fight to the end if there's war

By , TAIPEI (Reuters) -China sent more fighter jets into Taiwan’s air defence zone on Wednesday in a stepped-up show of force around the island Beijing claims as its own, and Taiwan’s foreign minister said it would fight to the end if China attacks.The democratic self-governed island has complained of repeated military activities by Beijing in recent months, with China’s air force making almost daily forays in Taiwan’s air defence identification zone. On Monday, China said an aircraft carrier group was exercising close to the island.Taiwan’s Defence Ministry said 15 Chinese aircraft,...

April 7, 2021
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Taiwan to buy new U.S. air defence missiles to guard against China

Taiwan to buy new U.S. air defence missiles to guard against China

By TAIPEI (Reuters) - Taiwan has decided to buy an upgraded version of Lockheed Martin Corp’s Patriot surface-to-air missile, the air force said on Wednesday, as the island bolsters its forces to guard against a rising threat from China.Chinese-claimed Taiwan has complained of repeated incursions by China’s air force in recent months into the island’s air defence identification zone, as Beijing seeks to pressure Taipei into accepting its sovereignty.Taiwan’s Air Force told Reuters it had decided to buy the Patriot Advanced Capability 3 (PAC-3) Missile Segment Enhancement (MSE) missiles,...

March 31, 2021
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Taiwan says China bolstering ability to attack, blockade island

Taiwan says China bolstering ability to attack, blockade island

By , TAIPEI (Reuters) - China is bolstering its ability to attack and blockade Taiwan, deploying long-range missiles to prevent foreign forces helping in the event of war and using psychological warfare to undermine faith in Taiwan’s military, the island’s defence ministry said.The ministry, in its once-every-four-years defence review, a copy of which was seen by Reuters, warned China was deploying “grey zone” warfare tactics to subdue the Chinese-claimed island, seeking to wear Taiwan down with repeated drills and activities near its airspace and waters.“China has continued to modernise...

March 19, 2021
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China drops word 'peaceful' in latest push for Taiwan 'reunification'

China drops word 'peaceful' in latest push for Taiwan 'reunification'

By , BEIJING/TAIPEI (Reuters) - Chinese Premier Li Keqiang left out the word “peaceful” on Friday in referring to Beijing’s desire to “reunify” with Chinese-claimed Taiwan, an apparent policy shift that comes as ties with Taipei continue on a downward spiral.Taiwan has complained of increased Chinese military harassment since the coronavirus pandemic began, with fighter jets and naval vessels regularly approaching the island on drills China has described as routine.China says Taiwan is its most sensitive and important territorial issue, and has never renounced the use of force to bring what...

May 22, 2020
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