TW Biz News｜WK 08/11 - 08/17
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Every week, we'll select Taiwan's five business news from the previous week for your review.
The first N700ST high-speed train arrived in Kaohsiung on Saturday, on a ship from Japan. Taiwan High Speed Rail Corporation ordered 12 sets of the train from Japan’s Hitachi Toshiba Supreme Consortium. The first train is expected to start service on July 1, 2027, with delivery of all trains scheduled for completion by the end of September 2028. The departure of the first train from Japan had been scheduled for Aug. 6, but Typhoon Dolphin and Typhoon Chan-hom caused a delay until Tuesday, per Liberty Times. The disembarkation of the train set from the ship will take two days, to be followed by three nights of road transportation to the depot in the Kaohsiung district of Yanchao.
TSMC is seeing its overseas plants in the United States and Japan turn in growing profits in the first half of 2026. TSMC’s Arizona operation reported around US$1.1 billion in profit, making it the company’s most profitable overseas site. Its Kumamoto plant in Japan also turned profitable after reporting losses last year.
Taiwanese choirs won a total of eight gold medals and one silver at this year's World Choir Games in Helsingborg, Sweden, with a Kaohsiung group taking three golds across several categories. Nibun Chorus from Kaohsiung's Liouguei District won gold medals in the folklore and Indigenous music with accompaniment, contemporary music, and mixed choir categories, per CNA. The choir's repertoire includes arrangements of Indigenous ballads and Hakka folk songs, per the Ministry of Culture. Members performed in traditional Indigenous costumes at the competition, saying the outfits boosted their confidence and gave them a sense of family.
Construction of the second exhibition hall at the National Palace Museum Southern Branch in Chiayi County has been delayed by about a year, with completion now scheduled for 2028. The NT$3.2 billion (US$106.7 million) project will feature expanded exhibition space, including a large exhibition hall with a 7-meter-high ceiling, art restoration facilities, and a roughly 992-square-meter restaurant, per UDN.
Taiwan's two largest convenience store chains, President Chain Store and FamilyMart, both posted record-high July revenues. President Chain Store's consolidated revenue reached NT$32.2 billion (approximately $999.2 million), up 8.48% year-over-year, driven by store expansion, scorching temperatures, summer travel, and international soccer tournaments. The total number of 7-ELEVEN stores and Smart FUN Machine locations across Taiwan reached 8,389. FamilyMart reported revenue of NT$10.17 billion (approximately $315.6 million), a 4.9% increase, with frozen beverage sales surging 60% and early demand for the Ghost Festival emerging. For the first seven months, President Chain Store's cumulative revenue hit NT$212.9 billion (approximately $6.6 billion), up 5.55%, while FamilyMart reached NT$67.16 billion (approximately $2.1 billion), up 7.6%.
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