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...tens of thousands of dollars in savings, but also the ability to strike the right tone in a recession. "[The Ghost is] less ostentatious, so owners can give the impression that they're downsizing their Rolls-Royce," says Garel Rhys, president of Cardiff University's Centre for Automotive Industry Research. (See TIME's cars covers...

Author: /time Magazine | Title: Rolls-Royce Unveils a Recession-Ready Limousine | 7/27/2009 | See Source »

...circuit boards and graphics cards until 2007, when it unveiled the Eee PC, a lightweight miniature laptop costing less than $300. These wi-fi-equipped netbooks were enthusiastically accepted by an increasingly bargain-conscious public. Sales are soaring this year even as overall PC sales decline during the recession; research firm DisplaySearch predicts 1 in 4 laptops sold this year will be a netbook. This resounding success vaulted Asustek's Asus brand onto store shelves all over the world. (Read "Little Wonders: Three Netbooks Worth Owning...

Author: /time Magazine | Title: The Name Game | 7/27/2009 | See Source »

...ability to transform its economy. In 1985, the China-born Chang, once a long-serving executive at Texas Instruments in the U.S., was lured to Taiwan by the government as part of its effort to develop a high-tech industry. He was hired to manage a state-funded research institute, but shortly after his arrival, an influential technocrat, Li Kuo-ting, called Chang to his office and told him: "Think about how you want to start a company." The conversation led Chang, backed by state funding, to found Taiwan Semiconductor Manufacturing Co. (TSMC), now the world's largest chip foundry...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...started selling its own touchscreen phone. The HTC Touch became popular in Asia, partly because it was cheaper than the iPhone and could be used on a variety of cellular networks. Based on that success, HTC now ranks fourth in market share for smart phones globally, according to research firm IDC. The company, which is about to release a new smart phone, the Hero, hopes to ultimately become one of the top five handset makers in the world...

Author: /time Magazine | Title: The Name Game | 7/27/2009 | See Source »

...Nationally, Ma's administration has targeted six "flagship" industries for investment and development: biotech, health care, high-end agriculture, tourism, green energy, and creative and cultural businesses such as traditional arts and pop music. The government intends to support these sectors by providing financing, improving the capabilities of state research institutes and other measures. "We are keenly aware these industries in five to 10 years will be the major industries of the world," Ma recently told TIME...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

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