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December, 3, 2016

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Business > Asia > Taiwan
Taiwanese artificial intelligence (AI) startup Appier (沛星互動科技) announced Thursday it had received NT$620 million (US$19.5 million) in foreign funding from its recent Series B round of fundraising.
 
Manufacturing activity in Taiwan expanded for the ninth consecutive month in November on the back of a recovery in global demand, giving a boost to the export-oriented sector, the Chung-Hua Institution for Economic Research (CIER, 中經院) said on Thursday.
 
TSMC: the museum
A man walks into the new TSMC Museum of Innovation (台積創新館) on Thursday, Dec. 1. The museum, which took two years to build, will celebrate the history, innovation and impact of the world's largest contract chip-maker Taiwan Semiconductor Manufactory Co. (TSMC, 台積電).
 
The Taiwan Institute of Economic Research (TIER, 台經院), one of Taiwan's leading think tanks, said Wednesday that it has upgraded a forecast of the local manufacturing sector for 2016, at a time when the country's exports and industrial production have shown signs of improving.
 
Shares in Taiwan closed 0.69 percent higher on Monday, rising above the 9,200 benchmark on the strength of the bellwether electronics sector and financial shares, dealers said.
 
According to Taiwan Stock Exchange Co. (TWSE) statistics, TAIEX closed at 9,159.07 on Nov. 25, up 150.28 from 9,008.79 a week earlier, an increase of approximately 1.67 percent.
 
Action Electronics Co. General Manager Chang Jing-hu announced yesterday that the company's subsidiary Kolin had earned revenues of over NT$1 billion this year.
 
Blossoming innovations
Japanese photographer Mika Ninagawa stands with four models to present ASUS' new collection of flower-themed laptops, tablets and cellphones. Ninagawa collaborated with ASUS on these new electronic gadgets to add a splash of vibrant color to the brand's products.
 
Taiwan's average wealth level in 2016 stands at US$172,800, which is well above those of most countries in the Asia-Pacific region and similar to that of Western Europe, according to the Credit Suisse Research Institute's latest Global Wealth Report.
 
Taiwan has been ranked as the world's fifth most-favored country or area as a travel destination, Agoda.com, one of the world's largest hotel booking sites, said Wednesday.
 
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