Foxconn subsidiary to abolish supervisory board, establish audit committee

Foxconn is set to introduce humanoid robots at its AI server plant in Houston, marking a significant step in automation and technology integration. This move not only enhances operational efficiency but also showcases Foxconn's commitment to innovation in manufacturing. The deployment of these robots is expected to streamline processes and potentially create new job opportunities in tech and robotics, making it an exciting development for the local economy.

Foxconn's recent announcement to invest up to $1.4 billion in AI data center equipment marks a significant step forward for the tech giant and Taiwan's technological landscape. This investment follows their collaboration with Nvidia to build an AI data center, highlighting the growing importance of AI in the region. Such developments not only bolster Foxconn's position in the tech industry but also promise to enhance Taiwan's reputation as a hub for innovation and technology.

Foxconn has announced a significant investment of up to $1.37 billion to develop an AI compute cluster and a supercomputing center. This move is crucial as it positions Foxconn at the forefront of technological innovation, enhancing its capabilities in artificial intelligence and computing power. Such advancements not only bolster the company's competitive edge but also contribute to the broader tech ecosystem, potentially leading to new breakthroughs and job creation.

The recent trade deal between the US and South Korea marks a significant step forward for economic relations, as discussed by James Kim, Chairman of AmCham Korea. This agreement is expected to benefit member companies by enhancing trade opportunities and fostering stronger ties between the two nations. The conversation took place during the 2025 APEC CEO Summit in Gyeongju, highlighting the importance of international collaboration in today's economy.

Indian Oil Corp. is looking to secure up to 24 million barrels of crude oil from the Americas in the first quarter of next year. This move comes as the company prepares for potential disruptions in Russian oil supply due to new US sanctions. This is significant as it highlights the ongoing shifts in global oil markets and the impact of geopolitical tensions on energy sourcing.

Investors are closely monitoring the Bank of Japan's recent decision to maintain its current interest rates, a move that reflects the central bank's cautious approach to economic recovery. This decision is significant as it indicates the BOJ's commitment to supporting growth while navigating inflationary pressures. Market reactions have been mixed, highlighting the ongoing uncertainty in the global economy and the potential implications for future monetary policy.

The Japanese yen has weakened following the Bank of Japan's recent decision, while the dollar maintains its gains. This shift in currency dynamics is significant as it reflects ongoing economic challenges in Japan and could impact international trade and investment flows. Investors are closely monitoring these developments, as a weaker yen may affect Japan's export competitiveness.

The Bank of Japan (BOJ) has decided to maintain its current interest rates, signaling a cautious approach to future hikes. This decision is significant as it reflects the central bank's ongoing assessment of economic growth and inflation trends in Japan. By keeping rates steady, the BOJ aims to support financial markets while remaining vigilant about potential economic shifts. Investors and analysts will be closely monitoring the BOJ's next moves, as they could have substantial implications for both the Japanese economy and global financial stability.

The USD/JPY exchange rate has seen an increase following the Bank of Japan's decision to maintain its policy rate, despite ongoing concerns about high inflation. This move is significant as it reflects the central bank's commitment to its current monetary policy, which could influence market stability and investor confidence in the Japanese economy.