Credit card spending on food delivery services rose to about NT$1.2 billion (US$40.6 million) in April, the highest ever in a single month, as more consumers turned to delivery services amid the COVID-19 outbreak, Financial Supervisory Commission (FSC) statistic showed.
It marked a growth of 140 percent from about NT$500 million in September last year, the commission told a news conference in New Taipei City on Thursday.
The number of transactions through food delivery service apps jumped to 6.1 million in April, about three times higher than in September last year, the commission said.
However, average spending per transaction fell 19 percent from NT$244 in September last year to NT$197 in April, which could likely be attributed to more small restaurants joining the food delivery platforms, it said.
As more consumers preferred delivery services than dining out due to pandemic fears, it was not surprising to see the increase, it said, adding that people who were quarantined or self-isolating for 14 days during the outbreak could often only order meals through the platforms.
Even though some platforms allow customers to pay cash, most users preferred to pay via credit card, as it was more convenient and hygienic, it said.
Overall, online food order and delivery services are more popular among younger people, with users aged under 45 making up 90 percent of the total, the commission said.
Users aged between 25 and 35 accounted for 50 percent of the total, followed by those aged 35 to 45, it added.
The food delivery platforms included in the statistics are Uber Eats Taiwan, Foodpanda, Foodomo and locally developed YoWoo Delivery (有無外送).
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
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
STILL HOPEFUL: Delayed payment of NT$5.35 billion from an Indian server client sent its earnings plunging last year, but the firm expects a gradual pickup ahead Asustek Computer Inc (華碩), the world’s No. 5 PC vendor, yesterday reported an 87 percent slump in net profit for last year, dragged by a massive overdue payment from an Indian cloud service provider. The Indian customer has delayed payment totaling NT$5.35 billion (US$162.7 million), Asustek chief financial officer Nick Wu (吳長榮) told an online earnings conference. Asustek shipped servers to India between April and June last year. The customer told Asustek that it is launching multiple fundraising projects and expected to repay the debt in the short term, Wu said. The Indian customer accounted for less than 10 percent to Asustek’s
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