Taipei Fubon Commercial Bank Co (台北富邦銀行) launched a new credit card yesterday that features a cash rebate of up to a 3 percent for cardholders who use the card to pay insurance premiums.
“Whatever insurance products they buy, policyholders can use the card to pay the premium of any insurance company and earn the highest cash rebates available on the market,” Thomas Liang (梁培華), president of Taipei Fubon’s retail banking division, said at the launch ceremony.
Cardholders, however, are required to double their spending on the card the month following the insurance premium payment before the bank grants a 2 percent cash rebate on top of the 1 percent rebate the insurers pay back.
For example, if a customer used the card to pay a NT$10,000 insurance premium this month, he or she would receive a credit-card bill for NT$9,900 after receiving the 1 percent discount.
If in the following month the customer spends more than NT$19,800 — more than double the previous balance — he or she would then earn an extra 2 percent cash rebate, or NT$396, the following month. If they don’t spend more than double the premium, they would receive a cash rebate of up to 1 percent depending on the amount spent.
“The goal is to encourage cardholders to use our cards,” said Rita Yang (楊琇媚), a senior vice president in the marketing and sales division.
Hon Hai Precision Industry Co (鴻海精密) yesterday said that its research institute has launched its first advanced artificial intelligence (AI) large language model (LLM) using traditional Chinese, with technology assistance from Nvidia Corp. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said the LLM, FoxBrain, is expected to improve its data analysis capabilities for smart manufacturing, and electric vehicle and smart city development. An LLM is a type of AI trained on vast amounts of text data and uses deep learning techniques, particularly neural networks, to process and generate language. They are essential for building and improving AI-powered servers. Nvidia provided assistance
GREAT SUCCESS: Republican Senator Todd Young expressed surprise at Trump’s comments and said he expects the administration to keep the program running US lawmakers who helped secure billions of dollars in subsidies for domestic semiconductor manufacturing rejected US President Donald Trump’s call to revoke the 2022 CHIPS and Science Act, signaling that any repeal effort in the US Congress would fall short. US Senate Minority Leader Chuck Schumer, who negotiated the law, on Wednesday said that Trump’s demand would fail, while a top Republican proponent, US Senator Todd Young, expressed surprise at the president’s comments and said he expects the administration to keep the program running. The CHIPS Act is “essential for America leading the world in tech, leading the world in AI [artificial
DOMESTIC SUPPLY: The probe comes as Donald Trump has called for the repeal of the US$52.7 billion CHIPS and Science Act, which the US Congress passed in 2022 The Office of the US Trade Representative is to hold a hearing tomorrow into older Chinese-made “legacy” semiconductors that could heap more US tariffs on chips from China that power everyday goods from cars to washing machines to telecoms equipment. The probe, which began during former US president Joe Biden’s tenure in December last year, aims to protect US and other semiconductor producers from China’s massive state-driven buildup of domestic chip supply. A 50 percent US tariff on Chinese semiconductors began on Jan. 1. Legacy chips use older manufacturing processes introduced more than a decade ago and are often far simpler than
Gasoline and diesel prices this week are to decrease NT$0.5 and NT$1 per liter respectively as international crude prices continued to fall last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. Effective today, gasoline prices at CPC and Formosa stations are to decrease to NT$29.2, NT$30.7 and NT$32.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost NT$27.9 per liter at CPC stations and NT$27.7 at Formosa pumps, the companies said in separate statements. Global crude oil prices dropped last week after the eight OPEC+ members said they would
RSS