State-owned oil refiner CPC Corp, Taiwan (CPC, 台灣中油) has proposed a four-year capital increase plan to improve its financial health after accumulated losses reached NT$62.7 billion (US$1.96 billion) as of the end of last month, about 48 percent of the company’s paid-in capital of NT$130.1 billion.Th
TALENT FACTOR: The nation’s chip sector would be difficult to replace, but to maintain that advantage, Taiwan must retain skilled workers, an academic said
A group of experts on Sunday called on Taiwan to strive to maintain its world-leading position in the semiconductor industry, with a US-China chip dispute expected to continue regardless of who becomes the next US president.Tamkang University Graduate Institute of International Affairs and Strategic
ITH Corp, the world’s second-biggest supplier of computer display driver ICs, yesterday said it aimed to grow revenue by a double-digit percentage next year, driven by rising shipments of OLED display driver ICs used in smartphones and touch display driver ICs used in electric vehicles and artificia
The head of artificial intelligence (AI) computing giant Nvidia Corp asked South Korea’s SK Hynix Inc to speed up delivery of newer, more advanced HBM4 chips by six months, SK Group said yesterday.Nvidia chief executive officer Jensen Huang (黃仁勳) made the request amid a global shortage of crucial ad
The National Development Council (NDC) yesterday said it would hold breakfast meetings with the business sector to better understand needs of old economy businesses and small and medium-sized enterprises (SMEs).NDC Minister Paul Liu (劉鏡清) told reporters that the government already cooperates closely
Nvidia Corp led a surge in market value among global firms last month, buoyed by unrelenting demand for its new supercomputing artificial intelligence (AI) chips as more companies integrate AI into their daily operations.Nvidia’s market cap rose 9.3 percent last month to US$3.26 trillion, while the
Workers pick saffron flowers in a field in Lethipora village in Pampore, south of Srinagar, the summer capital of Indian-administered Kashmir, on Sunday. Kashmir saffron farmers said that this year the yield has been low due to less rainfall. Pampore is one of the few places where the world’s most e
EXPORT CONTROLS: US lawmakers have grown more concerned that the US Department of Commerce might not be aggressively enforcing its chip restrictions
The US on Friday said it imposed a US$500,000 penalty on New York-based GlobalFoundries Inc, the world’s third-largest contract chipmaker, for shipping chips without authorization to an affiliate of blacklisted Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC, 中芯).The US Depart
TECHNOLOGY EXIT: The selling of Apple stock might be related to the death of Berkshire vice chairman Charlie Munger last year, an analyst said
Billionaire Warren Buffett is now sitting on more than US$325 billion in cash after continuing to unload billions of US dollars worth of Apple Inc and Bank of America Corp shares this year and continuing to collect a steady stream of profits from all of Berkshire Hathaway Inc’s assorted businesses w
The nation’s two major refiners yesterday announced that they would raise gasoline and diesel prices by NT$0.2 per liter from today, ending five weeks of price cuts.Following the adjustments, domestic gasoline prices at CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) stations are
The US Federal Reserve and many rich-world peers are widely expected to lower interest rates again in the coming week, right after a US presidential election that might not be decided yet.Central banks responsible for more than a third of the global economy would set borrowing costs in the wake of t
Nvidia Corp is replacing Intel Corp on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence (AI) systems.Paintmaker Sherwin-Williams Co is also to replace chemical
A baby takes part in a crawling race as her parents entice her to the finish line at Penghu County Stadium in Magong City yesterday. A total of 63 babies aged between 7 and 14 months competed in the race, organizer Magong City Preschool said.
In 1954, Japanese cinema made two enormous contributions to world culture. In April of that year, Akira Kurosawa’s Seven Samurai was released by Toho Co Ltd. Embraced by the US and Europe, the 207-minute epic has become one of the most influential movies of all time, referenced for the past 70 years
Once it was Europe’s North Korea, a cloistered communist dictatorship. However, now Albania attracts millions of tourists a year, with a growing portion coming in search of a radiant smile, luscious lips or better breasts. “I don’t like to talk about medical tourism. It’s a bit scary,” said Dritan G
SPECULATION: The central bank cut the loan-to-value ratio for mortgages on second homes by 10 percent and denied grace periods to prevent a real-estate bubble
The central bank’s board members in September agreed to tighten lending terms to induce a soft landing in the housing market, although some raised doubts that they would achieve the intended effect, the meeting’s minutes released yesterday showed.The central bank on Sept. 18 introduced harsher loan
ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip assembly and testing manufacturing (ATM) service provider, expects to double its leading-edge advanced technology services revenue next year to more than US$1 billion, benefiting from strong demand for artificial intelligence (AI) chip
UNCERTAINTY: The official manufacturing purchasing managers’ index ticked up to 50.0 last month after China said it would begin easing its monterary policy
Taiwan’s official manufacturing purchasing managers’ index (PMI) last month gained 0.8 points to 50.0, returning marginally to the expansion side, as firms remain cautious about political uncertainty linked to the US presidential election next week, the Chung-Hua Institution for Economic Research (C
Taiwan’s petrochemical industry imported record amounts of Russian naphtha last month, snapping up fresh supplies being churned out by an oil refinery thousands of miles away.The nation imported almost 114,000 barrels a day of Russian naphtha last month, representing 66 percent of its total imports
Apple Inc’s artificial intelligence (AI)-enhanced iPhone made a strong start, pushing quarterly sales ahead of analysts’ expectations, but a modest revenue forecast raised questions about whether that momentum would hold over the holiday sales season.A decline in China sales during the fourth quarte