Top Taiwan chip designer MediaTek running simulations for possible US tariffs
TAIPEI (Reuters) – The chief executive of Taiwan’s top chip design company MediaTek said on Friday that the company has been running simulations for possible U.S. tariffs on the island, but thinks for this year it would be “manageable”.
Tech firms in Taiwan, home to the world’s largest contract chipmaker TSMC, face the possibility U.S. President Donald Trump will follow through on threats to put tariffs on imported chips, having complained on the campaign trail about Taiwan having stolen American semiconductor business.
Trump said last week he plans to impose tariffs on imported chips, along with pharmaceuticals and steel, in an effort to get the producers to make them in the United States. He has not given a timeframe.
Asked on a quarterly earnings conference call about the impact on the company, whose partners and clients include artificial intelligence (AI) darling Nvidia, from any future U.S. tariffs on Taiwan, MediaTek’s CEO Rick Tsai said the issue was “very unpredictable”.
He said, without giving details,
Of course we’re not just sitting here doing nothing. We are making our own assumptions, doing some simulations,
Honda Motor Co. will scrap its mandatory retirement age of 65 for highly skilled software engineers and other workers from June as part of efforts to accelerate the development of advanced technology.
The automaker will also invest 15 billion yen ($99 million) in training engineers over the next five years from fiscal 2025 so they can gain deeper knowledge in key areas such as self-driving and electric vehicles, it said.
With its overseas rivals such as Tesla Inc. and China’s BYD Co. leading innovation, Honda Executive Vice President Noriya Kaihara stressed that the new measures will make the company more attractive for workers with highly competitive skills.
We will do our utmost to create an environment that will be chosen” by such workers, he said in a briefing in mid-January.
To allow IT engineers to work more flexibly, new offices will be set up in Osaka and Tokyo, the automaker said.
The automaker will also scrap the retirement age for skilled employees in fields other than IT to enhance its competitiveness and plans to raise annual pay by 2 to 3 million yen for workers in posts equivalent to manager positions who are leading the transformation of businesses, it said.
Honda said in May last year it would invest about 10 trillion yen in areas such as EVs and software for the 10-year period through fiscal 2030.
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Top Taiwan chip designer MediaTek running simulations for possible US tariffs, source
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