The first international-level car crash test lab in Taiwan and Southeast Asia was officially inaugurated yesterday in Changhua.
Presiding over the inauguration ceremony of the lab, Premier Yu Shyi-kun said that if the nations wants to compete with other countries, it must upgrade its industry by making up for its deficiency in research and development, as well as marketing.
He added that the inauguration of the crash test lab marks a giant step forward in the nation's automotive industry.
Minister of Economic Affairs Ho Mei-yueh (何美玥), who also attended the ceremony, said the nations has a big opportunity to develop the Asian automotive industry.
The lab's inauguration will enable the nation to go beyond the manufacture of car parts and components to build complete cars, Ho said. It will also help to integrate the steel, machinery and module sectors related to the automotive industry.
The lab has been set up by the Automotive Research and Training Center (ARTC). The center will pursue test standard comparisons with overseas labs of the same nature and will seek mutual certification with other countries.
The ARTC aims at assisting the development and upgrading of automobile and related industries, as well as protection of driving safety and consumer rights by offering internationally credible services of inspection and testing of cars and related components and parts.
VALUABLE STOCK: The company closed at NT$1,005 a share, on demand for AI and HPC chips, and is expected to issue a positive report during its earnings conference Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares rose 2.66 percent to close at a record high of NT$1,005 yesterday. as investors expect the company to continue benefiting from strong demand for artificial intelligence (AI) and high-performance computing (HPC) chips. TSMC is the 19th member of the local bourse’s NT$1,000 stock club, which includes smartphone chip designer MediaTek Inc (聯發科) and electric transformer manufacturer Fortune Electric Co (華城電機). Yesterday’s rally swelled TSMC’s market capitalization to NT$26.06 trillion (US$802.3 billion) and contributed about 211 points to the TAIEX, which closed up 350.1 points, or 1.51 percent, to 23,522.53, another record high, Taiwan Stock
Luxgen Motor Co (納智捷汽車), a subsidiary of Yulon Motor Co (裕隆汽車), yesterday said it is again offering a NT$100,000 discount for its entry-level n7 electric vehicle models. The n7’s price has gone down from NT$1.099 million to NT$999,000, Luxgen said, adding that there are 25,000 preorders for the model. MG Motor’s electric hatchback, the MG4, entered the market in the middle of last month, with a starting price of NT$990,000. China Motor Corp (中華汽車), which distributes MG vehicles in Taiwan, said it aims to sell 1,600 MG4s this year. MG, originally a British brand, was acquired by China’s SAIC Motor
South Korea’s SK Hynix Inc, the world’s No. 2 memorychip maker, is to invest 103 trillion won (US$74.6 billion) through 2028 to strengthen its chips business, focusing on artificial intelligence (AI), its parent SK Group said yesterday. SK Group also said it plans to secure 80 trillion won by 2026 to invest in AI and semiconductors as well as fund shareholder returns, while streamlining its more than 175 subsidiaries. The sprawling conglomerate outlined the plans following a two-day strategy meeting, aiming to revive the group after SK Hynix, its main money maker, and the group’s electric vehicle battery arm suffered heavy losses. SK
Google on Monday said it is planning to invest in New Green Power Co (NGP, 永鑫能源), a solar energy developer owned by BlackRock Inc, to build 1 gigawatt of solar capacity in Taiwan to supply clean energy for its local data center and offices. “Our investment in NGP, subject to regulatory approval, will serve as development capital toward its 1 GW pipeline of new solar projects, catalyzing critical equity and debt financing for those projects,” Google’s Data Center Energy global head Amanda Peterson Corio wrote on a company blog. It did not disclose financial details. “We expect to procure up to 300 megawatts