Chunghwa Telecom Co (中華電信) has expanded into Europe for the first time after setting up a subsidiary in Frankfurt on Monday, the company said in a statement on Tuesday.
The subsidiary was launched at a ceremony presided over by the chairman of the European subsidiary, Chia Chung-yung (賈仲雍), and International Business Group president Richard Chen (陳錦洲), and streamed to Taipei via a video link.
In the statement, Chunghwa Telecom said it has sought to expand overseas, having already established subsidiaries in the US, Hong Kong, Japan, Singapore, Thailand and Vietnam, and that it was pleased to have a foothold on a new continent.
Photo: CNA
“Today, with the formal establishment of its European presence, Chunghwa Telecom has completed its international service network across Europe, America and Asia,” the company said.
“This makes it the only telecom operator in Taiwan with overseas branches and the most comprehensive global network deployment,” it said.
Chunghwa Telecom chairman Harrison Kuo (郭水義), who followed the ceremony in Taipei, was quoted in the statement as saying: “Wherever Taiwanese businesses go, Chunghwa Telecom will be there for them.”
The company decided to establish a presence in Germany, because it is one of Europe’s most important economic hubs and has attracted many Taiwanese enterprises, Kuo said.
Some analysts believed that Chunghwa Telecom’s move was related to Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) establishment of an advanced fab in Germany, which broke ground on Tuesday last week.
Analysts said the company would target TSMC’s need for local network infrastructure and information and communications (ICT) solutions. Chunghwa Telecom declined to comment.
Chunghwa Telecom president Ivan Lin (林昭陽) said in the statement that the establishment of the European subsidiary was an important step in the company’s global expansion, and he pledged to work closely with local partners to meet the needs of Taiwanese businesses worldwide.
Chunghwa Telecom said that the EU market and its 27 member states presented many opportunities, and that Germany, as the bloc’s largest economy, serves as a gateway for multinational companies entering the European market.
The company plans to collaborate with European telecoms, Taiwanese businesses and ICT players in Germany, while continuing with collaborative projects with Poland-based Exatel SA, the statement said.
Chunghwa Telecom began working with Exatel, the largest fixed-line telecommunications company in Poland, last year, including launching a high-speed node network interconnection on July 21 last year, the statement said.
NEW IDENTITY: Known for its software, India has expanded into hardware, with its semiconductor industry growing from US$38bn in 2023 to US$45bn to US$50bn India on Saturday inaugurated its first semiconductor assembly and test facility, a milestone in the government’s push to reduce dependence on foreign chipmakers and stake a claim in a sector dominated by China. Indian Prime Minister Narendra Modi opened US firm Micron Technology Inc’s semiconductor assembly, test and packaging unit in his home state of Gujarat, hailing the “dawn of a new era” for India’s technology ambitions. “When young Indians look back in the future, they will see this decade as the turning point in our tech future,” Modi told the event, which was broadcast on his YouTube channel. The plant would convert
‘SEISMIC SHIFT’: The researcher forecast there would be about 1.1 billion mobile shipments this year, down from 1.26 billion the prior year and erasing years of gains The global smartphone market is expected to contract 12.9 percent this year due to the unprecedented memorychip shortage, marking “a crisis like no other,” researcher International Data Corp (IDC) said. The new forecast, a dramatic revision down from earlier estimates, gives the latest accounting of the ongoing memory crunch that is affecting every corner of the electronics industry. The demand for advanced memory to power artificial intelligence (AI) tasks has drained global supply until well into next year and jeopardizes the business model of many smartphone makers. IDC forecast about 1.1 billion mobile shipments this year, down from 1.26 billion the prior
People stand in a Pokemon store in Tokyo on Thursday. One of the world highest-grossing franchises is celebrated its 30th anniversary yesterday.
Zimbabwe’s ban on raw lithium exports is forcing Chinese miners to rethink their strategy, speeding up plans to process the metal locally instead of shipping it to China’s vast rechargeable battery industry. The country is Africa’s largest lithium producer and has one of the world’s largest reserves, according to the US Geological Survey (USGS). Zimbabwe already banned the export of lithium ore in 2022 and last year announced it would halt exports of lithium concentrates from January next year. However, on Wednesday it imposed the ban with immediate effect, leaving unclear what the lithium mining sector would do in the
RSS