Taipei Financial Center Corp (TFCC, 台北金融大樓公司), operator of Taipei 101, yesterday appointed company president Harace Lin (林鴻明) to take over temporarily after former chairwoman Diana Chen (陳敏薰) stepped down.
The shuffle came after Chen tendered her resignation to the board yesterday. Lin has served as TFCC president since 1997.
Late last month, Chen offered a verbal resignation to the company’s board after the Ministry of Finance said it intended to replace Chen amid serious concern about her competence.
The chairwoman also defended herself amid allegations that she gave bribes to former first lady Wu Su-jen (吳淑珍) to win her position.
Chen once attended courses at Ketagalan Institute, a think tank with close links to former president Chen Shui-bian (陳水扁).
The ministry has a say in management as it holds a major stake in TFCC via state-controlled firms such as China Development Industrial Bank (中華開發工銀) and Chunghwa Telecom Co (中華電信).
The TFCC board will hold a meeting to elect a new chairperson in the short term, TFCC said in a filing to the Taiwan Stock Exchange.
“No timetable has been set yet,” said Michael Liu (劉家豪), assistant vice president of the TFCC public relations department, by telephone yesterday. “The board members will not meet until they have come up with a candidate.”
EARLY TALKS: Measures under consideration include convincing allies to match US curbs, further restricting exports of AI chips or GPUs, and blocking Chinese investments US President Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under former US president Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China, people familiar with the matter said. The aim, which was also a priority for Biden, is to see key allies match China curbs the US
The popular Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) arbitrage trade might soon see a change in dynamics that could affect the trading of the US listing versus the local one. And for anyone who wants to monetize the elevated premium, Goldman Sachs Group Inc highlights potential trades. A note from the bank’s sales desk published on Friday said that demand for TSMC’s Taipei-traded stock could rise as Taiwan’s regulator is considering an amendment to local exchange-traded funds’ (ETFs) ownership. The changes, which could come in the first half of this year, could push up the current 30 percent single-stock weight limit
PROTECTION: The investigation, which takes aim at exporters such as Canada, Germany and Brazil, came days after Trump unveiled tariff hikes on steel and aluminum products US President Donald Trump on Saturday ordered a probe into potential tariffs on lumber imports — a move threatening to stoke trade tensions — while also pushing for a domestic supply boost. Trump signed an executive order instructing US Secretary of Commerce Howard Lutnick to begin an investigation “to determine the effects on the national security of imports of timber, lumber and their derivative products.” The study might result in new tariffs being imposed, which would pile on top of existing levies. The investigation takes aim at exporters like Canada, Germany and Brazil, with White House officials earlier accusing these economies of
Teleperformance SE, the largest call-center operator in the world, is rolling out an artificial intelligence (AI) system that softens English-speaking Indian workers’ accents in real time in a move the company claims would make them more understandable. The technology, called accent translation, coupled with background noise cancelation, is being deployed in call centers in India, where workers provide customer support to some of Teleperformance’s international clients. The company provides outsourced customer support and content moderation to global companies including Apple Inc, ByteDance Ltd’s (字節跳動) TikTok and Samsung Electronics Co Ltd. “When you have an Indian agent on the line, sometimes it’s hard
RSS