NTD rises sharply and closes at NT$28.828 against USD

NTD rises sharply and closes at NT$28.828 against USD

2025-07-03

Wealth Magazine’s annual forum for industry VIPs was held Thursday in Taipei. The focus of the forum was none other than tariffs and the NTD’s sharp rise. On the very day of the event, the NTD appreciated by another NT$0.119 against the US dollar to close at NT$28.828. It’s the first time in three years for the NTD to trade lower than NT$29 per USD. The magazine’s director says Taiwan should brace for large losses in foreign exchange markets.

Hsieh Chin-ho
Wealth Magazine publisher
Some people say that Trump wants the NTD to appreciate in accordance with the Big Mac Index. There are also people telling me that the NTD may rise to NT$13.3 against the USD.

The NTD’s sharp rise since May took the spotlight at Wealth Magazine’s annual forum. On July 3, it rose by another NT$0.19 and closed at NT$28.828 against the greenback. It’s the first time in three years for it to trade lower than NT$29 per USD.

Hsieh Chin-ho
Wealth Magazine director
The NTD’s appreciation will incur great forex losses. The Central Bank also made it clear that if it’s going to be hands-off, they will completely take their hands off; and if they’re interfering, then they’ll also make it sure they’re interfering. I think when neither seem probable, everyone should be quite worried about forex losses, which will look quite bad in the books.

It’s not only dealing a blow to traditional exporters, even chipmakers and other technology and machinery companies are taking a hit. With projected gross margins slipping downward, it’s now alleged that TSMC is hiring traders to buy corporate bonds and financial debentures to de-risk.

Hsieh Chin-ho
Wealth Magazine director
You may have to spend more to hedge against risks, to hire more professional traders to oversee the company’s financial plan. TSMC is already doing that. I believe many more companies will follow.

Amid the NTD’s sharp rise, TSMC’s projected margins and earnings per share for this year and the next have gone down. If Taiwan’s top chipmaker is preparing for the worst already, other small and medium enterprises cannot sit idle either.

For more Taiwan news, tune in:
Mon to Fri at 9:30 pm on Channel 152
Tue to Sat at 1 am on Channel 53

#ntd #twd #usd #forex #currency

新台幣瘋狂升值強漲1.19角 ’’29’’沒守住創3年新高

2025-07-03

「2025財訊影響力論壇」今天(3日)在台北盛大登場，聚集不少大咖級的經濟學家，除了關稅議題，大家都在關注匯率，因為新台幣瘋狂升值，今天又強漲1.19角，攻破29元大關，最後收在28.828元，創下3年來新高，財經專家謝金河說，這波匯損會非常巨大。

[[財訊雙週刊社長謝金河]]
“有人在說，這個川普，要用大麥克理論要求台幣升值，還有人告訴我，台幣會升到13.3”

一開口，就是5月以來瘋狂升值的新台幣，7月3號又強升1.9角，3年來驚見28字頭，收在28.828元。

[[財訊雙週刊社長謝金河]]
“台幣這次的升值，帶來的匯損應該會非常巨大，央行也要告訴大家，就是如果要鬆手，那就比較徹底鬆手，那如果要干預，就要擺明干預的樣子，那我想什麼都不是的時候，大家非常擔心第二季的匯損，這個後面的數字，可能是會不太理想”

不只出口商，半導體、代工、品牌、零組件等科技業者，災情慘重，毛利率下滑，傳出台積電找金融人士操盤，大買金融公司債來避險。

[[財訊雙週刊社長謝金河]]
“可能你在避險上，你要花更多的成本，然後要聘請更多的理財高手，來從事公司的財務規劃，台積電這樣做，我相信很多公司會跟進”

新台幣風暴，讓台積電遭外資調降獲利預期以及今年和明年EPS，連半導體龍頭都如此，更別說其他中小企業會有多慘。

更多新聞內容，請鎖定：
民視台灣台（152頻道）週一至週五晚上9:30
民視新聞台（53頻道）週二至週六凌晨1:00

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To celebrate its 15th anniversary, the Mind Set Art Center is holding an exhibition. The "Tree of Life" exhibition showcases works of artists who have collaborated with the gallery over the years, symbolizing its growth and resilience. FTV reporter Stephany Yang illustrates this story.

This work is by Marina Cruz, a Filipino contemporary artist. Her work “Reflecting on Plants Clinging on Walls” combines abstract color swatches and collage techniques. The artist transforms a corner of her house long affected by flooding into a beautiful tropical space.

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Yang Yu-ning is a Taiwanese contemporary artist known for her explorations of psychological landscapes and abstract forms. In this work, the artist depicts two banana trees as a couple of travelers. She utilizes different grey tones to open a dialogue between ink painting, photography, and traditional brushwork in a piece that evokes companionship.

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This artist is from Taiwan. Her name is Yang Yu-ning. She was born in 1990 so she is a pretty young artist and is quite promising because we think she is quite unique in terms of ink painting. Especially when we talk about contemporary ink. She was a dancer, so for this ink, you can see the rhythms in it. What is a special thing about it is that when she does the ink painting, she will prepare the ink bottles first. It is like a computer printing concept. She would do the draft and she would mark the numbers of the shades of ink, and after she decided, she would start to relax herself and start to paint. That is why you can see the painting behind me is a banana tree, but they act like a human being. They incline to each other so the title of the work is "The Cluster of Travelers. " They are basically like human beings.

To celebrate its 15th anniversary, Mind Set Art Center is holding an exhibition titled "A Tree of Life." The exhibition features the works of fifteen artists from Taiwan, Asia, and Europe, highlighting key moments in their collaboration with the gallery. The works span diverse media—including painting, sculpture, photography, installation and mixed media— as it explores the themes of "plants" and "time." The exhibition not only reflects on the gallery’s growth but also envisions the next fifteen years of the gallery.

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This special exhibition, "Tree of Life," it came from a really sweet story. As the gallery was founded, our collector friend Dr. Chen planted a tea olive tree in his garden. It was really sprout at that time. People told him that it won’t grow beyond a human being’s height. But right now, after 15 years, it is already 2.5 meters tall. Right now, we wanted to celebrate it with our artists, so we chose 15 artists to title the show "Tree of Life" to reflect our past, and also want to walk a new journey with our artists.

The exhibition will be held at the Mind Set Art Center until Aug. 8.

For more Taiwan news, tune in:
Mon to Fri at 9:30 pm on Channel 152
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There is less than a month to go before a recall election to be held on July 26. Ahead of the election, a group of recall-petition campaigners is traveling the country on a 16-day “pilgrimage” – a last-minute effort to drum up more support. Starting on July 4, the group will head out in a procession led by a mobile LED screen truck, making their first stop in Hualien. The truck’s screen will play an incriminating compilation of KMT and TPP lawmakers’ activities over the past year.

Formosan black bears adorn the truck, holding bubble tea in one paw and a protest sign in the other. There’s flags saying "resist the CCP" and "protect Taiwan." This is a convoy that will travel the country to promote the recall elections.

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The inspiration came from the 2012 DPP campaign vehicle, when Tsai Ing-wen was first running for office, and from last year’s tour promoting the domestically built Hai Kun submarine, initiated by President Lai Ching-te. We’ll begin with an oath-taking rally in Hualien on July 4. Since we were called to action by KMT caucus whip Fu Kun-chi, we’re starting there.

The videos played on the truck’s LED, an incriminating compilation of some of the actions taken by the KMT and TPP in the legislature over the past year. The vehicle will accompany the convoy to show the clips to the public.

Yu Hsiao-ching
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The LED vehicle will play these video clips in each city we visit to help people remember just how rotten these pan-blue lawmakers normally are. If it weren’t for the recall campaign, they wouldn’t suddenly be keeping a low profile. I’ll also represent many friends with disabilities, so I’ll be joining with my three-wheeler and will ride along as the convoy travels to different counties.

Though Yu Hsiao-ching has mobility difficulties, she said she is determined to join the convoy to “help improve Taiwan.” Other recall campaign groups will also be joining the convoy.

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We won’t miss out on promoting the first recall election. The “protect the nation pilgrimage” is a crucial moment for us in Hsinchu as well. We want everyone in Taiwan, including those in Hsinchu County, to know: this recall is not about fueling hatred — it’s about protecting the nation and defending Taiwan.

Chi Chi
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The recall team for New Taipei’s 11th district — Xindian, Shenkeng, Shiding, Pinglin, and Wulai — will be there, and our team will send representatives to join the nationwide convoy.

As the recall elections near, pro-recall campaigners across Taiwan are mobilizing in full force, hoping the nationwide “pilgrimage” will help maximize support and drive up the number of “yes” votes.

For more Taiwan news, tune in:
Mon to Fri at 9:30 pm on Channel 152
Tue to Sat at 1 am on Channel 53

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Wearing baseball jerseys are Vice President Hsiao Bi-khim and the AIT Director Raymond Greene, who toast with beer to celebrate the US’ 249th Year of Independence.

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The US Senate on July 1 passed the One Big Beautiful Bill Act, or OBBBA. One of the clauses in OBBBA creates incentives for chipmaking companies to invest in the US, by allowing up 35% deductions in investment taxes as long as a new fab breaks ground before 2026. Many US and international companies stand to benefit, but probably not TSMC. The second fab is already in the works and therefore probably could not benefit retroactively. And the third fab is only scheduled to break ground in 2027 at the earliest.

The US Senate on July 1 passed the One Big Beautiful Bill Act, or OBBBA. Once it takes effect, chip companies breaking ground on a new fab before 2026 could enjoy 35% deductions in investment taxes. This figure is not only higher than the 30% rate in the draft bill, but also considerably higher than the current 25%.

Nobunaga Chai
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For Trump’s second term, he gave himself the goal of having at least 25% of the world’s advanced chipmaking output coming from the US. So of course he’d push for domestication of chipmaking in OBBBA.

The bill will greatly benefit chip companies with plans to expand in the US. Some US beneficiaries include Micron Technologies, which recently announced a US$200 billion expansion plan; GlobalFoundries and Intel, as well as South Korea’s Samsung. As for Taiwanese companies, Globalwafers had already announced an additional US$4 billion investment to build a 12-inch wafer manufacturing site in Texas. As soon as OBBBA passed, the company said it will apply for tax cuts. Another Taiwanese company, ASE could also benefit. As for TSMC, it’s not known whether OBBBA could apply retroactively on their second US fab currently under construction; whereas the third US fab is only scheduled to break ground in 2027.

Nobunaga Chai
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The second fab is currently under construction, so it’s a great question whether it’s eligible for the newly introduced tax breaks. As for the third fab, it may only break ground in 2027 at the earliest, so TSMC may not benefit from OBBBA.

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