Taiwan’s stock exchange will shut Friday as Typhoon Champi approaches the island, bringing heavy rainfall and strong winds that prompted authorities to shut offices and schools in the capital city of Taipei.

One of the strongest storms of the current season is set to bring heavy rain and roaring winds to parts of East Asia in the next week, with major cities in Taiwan and China bracing for impact within days.

Taiwan is preparing to tighten export controls on AI chips to further align with US restrictions, according to a senior official in Taipei, joining a Trump administration clampdown on the smuggling of cutting-edge semiconductors to China.

Taiwan plans to raise billions of dollars to develop industrial parks in the US that would build a base for a comprehensive supply chain for Nvidia Corp. and other AI hardware makers in the country.

Taiwan’s cabinet approved a record NT$1.12 trillion ($35.1 billion) defense budget for next year, highlighting its push to deter China militarily.

Malaysian Prime Minister Anwar Ibrahim’s implication that he wouldn’t condemn China’s use of force against Taiwan has drawn praise from Beijing and criticism from Taipei, bolstering the Southeast Asian nation’s effort to deepen ties with its largest trading partner.

Taiwan President Lai Ching-te announced plans to distribute NT$10,000 ($314) in cash to eligible residents next year, citing the economy’s blistering pace of growth thanks to booming global demand for artificial intelligence.

Lawmakers in Taiwan finally passed the budget for this year, following a delay that underscored tensions between the government and opposition.

Private equity giant KKR & Co. plans to gradually sell its stake in LCY Group’s business, the Taiwan chemical maker’s chairman said, paving the way for the family-controlled company to accelerate the expansion of its semiconductor material operations.

Taiwan reported a roughly 80% profit from a nine-month-long intervention to support the island’s stock market following the Trump administration’s move to impose tariffs, though it has now exited its position.

Taipei prosecutors and the Investigation Bureau searched Evergreen Marine Corp.’s premises on Monday morning as part of a probe into suspected insider trading, according to multiple media reports.

Activist hedge fund Palliser Capital is urging Taiwanese company WUS Printed Circuit Co. to enhance shareholder value, including through a potential privatization, according to documents viewed by Bloomberg News.

The “Dumpling Alliance” burst to life during Covid, a nifty description for an informal collective of Eastern European states supporting Taiwan. Just a few years later, it’s hard to find a mention of it anywhere.

Taiwanese Vice President Hsiao Bi-khim is making her first overseas trip to a diplomatic ally as the democracy’s No. 2 official, countering China’s isolation campaign.

Taiwan has condemned the expulsion of a New York Times journalist from China over an interview the US-based newspaper conducted with the self-ruled island’s leader, saying it is common for a president of a democratic country to explain its position.

The Taiwan Stock Exchange is working on improving a key trading system popular among retail investors and planning longer trading hours to attract more demand, the bourse’s chairman said.

Wiwynn Corp., one of the biggest makers of Nvidia Corp. servers, warned of shortages developing in vital data center components beyond just memory chips, potentially slowing or inflating the cost of a global AI infrastructure buildout.

Taiwan plans to launch government-subsidized investment accounts for young people between six and 18 years of age, a move that could provide a boost to the island’s booming wealth management sector.

US President Donald Trump again indicated he would speak directly with Taiwanese President Lai Ching-te, a move that would risk disrupting newly stabilized ties between the world’s two largest economies.

A company operating in China apparently fired the relative of a Taiwanese minister over backing for the island’s independence, according to Chinese state media — a move officials in Taipei condemned.