The nation’s two oil refiners yesterday said yesterday they would increase domestic gasoline and diesel prices today, raising the prices of all gasoline products above NT$30 per liter for the first time this year.
CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) raised gasoline prices by NT$0.60 a liter and diesel prices by NT$1.00 a liter, the companies said.
Customers living in areas that were hit hard by Typhoon Morakot will continue to enjoy discounts of NT$2.30 per liter for gasoline and NT$1.40 for diesel, they said.
Meanwhile, the Ministry of Economic Affairs is reviewing CPC’s floating price mechanism and said it would reach a conclusion before the end of the year, a ministry statement showed.
PROTECTIONISM: China hopes to help domestic chipmakers gain more market share while preparing local tech companies for the possibility of more US sanctions Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence (AI) chips instead of Nvidia Corp products, part of the nation’s effort to expand its semiconductor industry and counter US sanctions. Chinese regulators have been discouraging companies from purchasing Nvidia’s H20 chips, which are used to develop and run AI models, sources familiar with the matter said. The policy has taken the form of guidance rather than an outright ban, as Beijing wants to avoid handicapping its own AI start-ups and escalating tensions with the US, said the sources, who asked not to be identified because the
Her white-gloved, waistcoated uniform impeccable, 22-year-old Hazuki Okuno boards a bullet train replica to rehearse the strict protocols behind the smooth operation of a Japanese institution turning 60 Tuesday. High-speed Shinkansen trains began running between Tokyo and Osaka on Oct. 1, 1964, heralding a new era for rail travel as Japan grew into an economic superpower after World War II. The service remains integral to the nation’s economy and way of life — so keeping it dazzlingly clean, punctual and accident-free is a serious job. At a 10-story, state-of-the-art staff training center, Okuno shouted from the window and signaled to imaginary colleagues, keeping
Arm Holdings PLC approached Intel Corp about potentially buying the ailing chipmaker’s product division, only to be told that the business is not for sale, according to a source with direct knowledge of the matter. In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations, said the source, who asked not to be identified because the discussions were private. Intel has two main units: A product group that sells chips for personal computers, servers and networking equipment, and another that operates its factories. Representatives for Arm and Intel declined to comment. Intel, once the world’s largest chipmaker, has become the
Powerchip Semiconductor Manufacturing Corp (力積電) yesterday said that it signed an agreement with Tata Electronics Pvt Ltd to help build India’s first 12-inch chip manufacturing facility with a total investment of US$11 billion. As part of the agreement, Powerchip would provide Tata with access to mature technology nodes and help to train Indian workers, the Taiwanese company said in a statement. The fab would be located in Dholera, Gujarat. It would have a capacity of 50,000 wafers per month and create 20,000 jobs in the region, Powerchip said. Tata would receive access to a broad technology portfolio of leading-edge and mature nodes, including