State-run CPC Corp, Taiwan (CPC, 台灣中油) and private oil refiner Formosa Petrochemical Corp (台塑石化) yesterday announced that wholesale gasoline and diesel prices for the week of June 20 through June 26 would rise by NT$0.70 and NT$0.90 per liter respectively.
The wholesale price for alcohol-gasoline blends for motor vehicles will also rise by NT$0.70 per liter, CPC said in a statement.
The latest price adjustments mark the state refiner’s seventh straight week of price increases for domestic fuel consumption amid rising global crude oil prices.
Based on CPC’s floating price mechanism, the company’s cost for oil purchases increased 1.39 percent in the week from June 12 to June 18, following a rise of 4.5 percent in the previous week, it said in the statement.
Following the adjustments, the wholesale price for 98-octane unleaded gasoline would rise to NT$30.20 — its highest price in eight months and up NT$2.60 per liter from NT$27.60 per liter on May 9, CPC data showed.
Meanwhile, the wholesale prices for 95-octane unleaded gasoline will be NT$28.70 per liter and NT$28 per liter for 92-octane unleaded gasoline.
The price of alcohol-gasoline blends will be NT$28.7 per liter, while those of regular and premium diesel will increase to NT$25, it said.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
PARTNERSHIPS: TSMC said it has been working with multiple memorychip makers for more than two years to provide a full spectrum of solutions to address AI demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it has been collaborating with multiple memorychip makers in high-bandwidth memory (HBM) used in artificial intelligence (AI) applications for more than two years, refuting South Korean media report's about an unprecedented partnership with Samsung Electronics Co. As Samsung is competing with TSMC for a bigger foundry business, any cooperation between the two technology heavyweights would catch the eyes of investors and experts in the semiconductor industry. “We have been working with memory partners, including Micron, Samsung Memory and SK Hynix, on HBM solutions for more than two years, aiming to advance 3D integrated circuit
NATURAL PARTNERS: Taiwan and Japan have complementary dominant supply chain positions, are geographically and culturally close, and have similar work ethics Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other related companies would add ¥11.2 trillion (US$78.31 billion) to Japan’s chipmaking hot spot Kumamoto Prefecture over the next decade, a local bank’s analysis said. Kyushu Financial Group, a lender based in Kumamoto’s capital, almost doubled its projection for the economic impact that the chip sector would bring to the region compared to its estimate a year earlier, a presentation on Thursday said. The bank said that 171 firms had made new investments since November 2021, up from 90 in an earlier analysis. TSMC’s Kumamoto location was once a sleepy farming area, but has undergone