CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) yesterday said that gasoline and diesel prices this week would drop by NT$0.1 per liter, effective today.
Following the adjustments, gasoline prices at CPC and Formosa stations are to fall to NT$28.9, NT$30.4 and NT$32.4 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost at NT$27.7 per liter at CPC stations and NT$27.5 at Formosa pumps, the companies said in separate statements.
State-run CPC said its crude oil price last week increased 1.36 percent from a week earlier due to geopolitical tensions in the Middle East.
“Following British and US airstrikes on rebel-held Yemen and Houthi organizations’ missile attacks on a US-owned cargo vessel in the Gulf of Aden, international oil prices rose last week,” CPC said in the statement.
CPC said its gasoline and diesel prices should have increased by NT$1.2 per liter respectively, but the company would absorb part of the cost increases and used a price stabilization mechanism to comply with a government policy of keeping domestic fuel prices lower than in neighboring markets such as Japan, South Korea, Hong Kong and Singapore, it said.
Formosa said global crude oil prices fluctuated within a narrow range last week, after the market dealt with severe cold weather in the US, affecting some crude oil production and the US dollar index rising to a nearly one-month high.
The company decided to match CPC’s price adjustments after accounting for factors such as global oil market trends and fierce domestic market competition, it said.
SEMICONDUCTOR SERVICES: A company executive said that Taiwanese firms must think about how to participate in global supply chains and lift their competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it expects to launch its first multifunctional service center in Pingtung County in the middle of 2027, in a bid to foster a resilient high-tech facility construction ecosystem. TSMC broached the idea of creating a center two or three years ago when it started building new manufacturing capacity in the US and Japan, the company said. The center, dubbed an “ecosystem park,” would assist local manufacturing facility construction partners to upgrade their capabilities and secure more deals from other global chipmakers such as Intel Corp, Micron Technology Inc and Infineon Technologies AG, TSMC said. It
EXPORT GROWTH: The AI boom has shortened chip cycles to just one year, putting pressure on chipmakers to accelerate development and expand packaging capacity Developing a localized supply chain for advanced packaging equipment is critical for keeping pace with customers’ increasingly shrinking time-to-market cycles for new artificial intelligence (AI) chips, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said yesterday. Spurred on by the AI revolution, customers are accelerating product upgrades to nearly every year, compared with the two to three-year development cadence in the past, TSMC vice president of advanced packaging technology and service Jun He (何軍) said at a 3D IC Global Summit organized by SEMI in Taipei. These shortened cycles put heavy pressure on chipmakers, as the entire process — from chip design to mass
People walk past advertising for a Syensqo chip at the Semicon Taiwan exhibition in Taipei yesterday.
NO BREAKTHROUGH? More substantial ‘deliverables,’ such as tariff reductions, would likely be saved for a meeting between Trump and Xi later this year, a trade expert said China launched two probes targeting the US semiconductor sector on Saturday ahead of talks between the two nations in Spain this week on trade, national security and the ownership of social media platform TikTok. China’s Ministry of Commerce announced an anti-dumping investigation into certain analog integrated circuits (ICs) imported from the US. The investigation is to target some commodity interface ICs and gate driver ICs, which are commonly made by US companies such as Texas Instruments Inc and ON Semiconductor Corp. The ministry also announced an anti-discrimination probe into US measures against China’s chip sector. US measures such as export curbs and tariffs
RSS