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TSMC (TSM.N): Advanced packaging business accounts for an important position in the companys revenue, close to 10%.Ukrainian President Zelenskyy stated: "Last night, the Ukrainian people, energy systems, and civilian infrastructure came under renewed attack. The Russian military launched over 300 attack drones and 37 missiles, many of which were ballistic missiles, into Ukraine."Frances financial markets regulator, the Autorité des marchés financiers (AMF), has announced new plans to help companies raise capital more easily on the Paris stock market.TSMC (TSM.N): The demand for advanced process chips is real.On October 16, German Defense Minister Boris Pistorius announced at a meeting of the Ukrainian Defense Contact Organization on the 15th that Germany would provide Ukraine with military aid worth over €2 billion (approximately $2.33 billion), including air defense systems, precision-guided weapons, and ammunition. Pistorius stated that Germany would provide approximately $500 million in military aid to Ukraine under the "Ukraine Priority Needs List" assistance mechanism proposed by the United States and NATO. In addition, Germany would separately provide "two IRIS-T (Infrared Imaging Follow-On Missile) systems, equipped with a large number of guided missiles and shoulder-fired air defense missiles." Anti-tank weapons, small arms, and secure communications systems are also expected to be delivered. According to Pistorius, this military aid "will address some of Ukraines urgent needs."

The United States Authorizes A $95 Million Upgrade to Taiwan's Air Defense System

Haiden Holmes

Apr 06, 2022 09:55

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The package would include training, planning, fielding, deployment, operation, maintenance, and sustainment of the Patriot Air Defense System and related equipment, the Pentagon informed Congress in a letter.


"This proposed sale advances the United States' national, economic, and security interests by assisting the recipient in its ongoing efforts to upgrade its armed forces and preserve a credible defensive capacity," the statement said.


"The proposed sale would assist the receiver in maintaining its missile density and readiness for air operations. The recipient intends to utilize this capacity to prevent regional threats and to bolster homeland security."


The US is legally obligated to give Taiwan the tools to defend itself, notwithstanding the lack of formal diplomatic relations and the ensuing outrage in Beijing.


Taiwan's presidential office remarked that this was the third weapons deal announced since President Joe Biden assumed office, demonstrating their relationship's "rock solid" character.


"Taiwan will continue to show its will to protect itself and to strengthen cooperative relationships with the United States and other like-minded nations," spokesman Xavier Chang said in a statement.


Despite clearance by the State Department, the notice does not constitute the signing of a contract or the conclusion of discussions.


Raytheon (NYSE:RTN) was named as the primary contractor for the proposed sale by the Pentagon.


Taiwan's Defense Ministry said that the agreement will "go into effect" within a month.


Taiwan's primary foreign weapons supplier is the United States.