US to sell Taiwan 421 million US dollars worth of missiles
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The US Department of Defense has notified Congress that it plans to sell Taiwan missiles worth 421 million US dollars, which would help boost the island's defenses against rival China.
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Nicaragua on Wednesday destroyed 334 surface-to-air missiles it obtained from the Soviet Union in the 1980s, in keeping with a U.S. request that it scrap its missile stockpile, the army said.
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The United States said Thursday that a U.S. missile-defense system under development has &quot;limited operational capability&quot; to protect against weapons such as the long-range missile North Korea is said to be near firing.
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WASHINGTON -- The State Department welcomed yesterday steps by China and Taiwan to ease tensions by curtailing long-planned military exercises. Taiwan canceled a major live-fire military exercise shortly after Beijing reportedly called off massive war games near Taiwan. &quot;We welcome and encourage all these steps that are being taken by Taiwan and the People's Republic of China to reduce tensions,&quot; ...
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(InfoWorld) - Taiwan's largest DRAM maker, Powerchip Semiconductor, on Monday denied a local media report that it planned to build a chip factory in China with a Japanese partner. The Chinese-language Commercial Times newspaper said Powerchip had invited Japan's Renesas Technology to jointly invest in a chip factory in China. Renesas and Powerchip currently work together in technology and chip production outsourcing pacts. Powerchip said it isn't making any China plans right now because it's too busy. "This is just a rumor, nothing has been done yet," said Eric Tang, a vice president at Powerchip. Powerchip has alreadyÂ gained approval from the Taiwan governmentÂ to invest in China, but one of the rules requires it to move used equipment from an old factory in Taiwan to its new China plant, instead of buying new machinery. The trouble is that orders at Powerchip are too brisk to consider such a move, Tang said. The company's older chip plant, called an 8-inch plant due to the size of the silicon wafers used to make chips on, is still making money in Taiwan so there's no need to move it to China right now, he said. Powerchip may buy used equipment from elsewhere and move it to China instead of using gear from its own 8-inch plant, he said. The company has no plans to move forward on the project in the near term. Taiwan and China remain enemies after splitting in 1949 amid civil war, the reason Taipei carefully regulates high tech investments to the mainland. Despite their strained relationship, China remains the favored destination for Taiwanese investment due to their shared language and culture, as well as China's lower costs and incentives for building factories.
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State-owned Dubai Ports World said on Monday it had agreed to sell its U.S. port operations to an American International Group  unit after relinquishing control of them to allay concerns about U.S. national security.
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Taiwan, the sixth-largest buyer of US beef, agreed to resume importing the meat following a 10- month suspension prompted by a lone case of mad cow disease in Washington state, the US Department of Agriculture said.
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Thousands take to the streets of Taiwan's capital, Taipei, in protest at plans to buy $18bn in arms from the US.
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The US government gives BAE Systems and Northrop Grumman $45m each to develop anti-missile systems to protect civilian aircraft.
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The move, part of sanctions against continued rocket fire, prompted a warning from the United States.
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A US company has received more than $1bn in funding to build prototype unmanned fighter aircraft for the American military.
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The U.S. Defense Department said  Friday it was tentatively planning to sell Singapore up to 84  precision-guided bombs for its F-15 fighter fleet as part of a  military package deal valued at up to $200 million.
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A secret deal has been struck to allow the US to station missiles for its Son of Star Wars programme in the UK, it is reported.
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The United States will announce the sale of four Aegis missile-defense warships to Taiwan next year with delivery likely to begin in 2011, a newspaper said on Monday.
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The United States has had some   success in limiting North Korea's export of missiles by   persuading other countries not to buy them, a senior   administration official says.
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The Bush administration said on Monday it had notified Congress of plans to sell Saudi Arabia bomb-guidance kits as part of a multi-billion-dollar package of advanced arms to Gulf Arab states that officials see as countering growing Iranian military clout.
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The United States plans to sell  Israel $319 million worth of air-launched bombs, including 500  "bunker busters" that could be effective against Iran's  underground nuclear facilities, Israeli security sources said  on Tuesday.