France and Germany are to send ministers to Taiwan in January for last-minute campaigning ahead of a decision on a lucrative high-speed rail contract, an official from one of the bidding firms said.
"French Transport Minister Jean-Claude Gayssot and German Economic Minister Werner Muller will travel to Taiwan in January but not on the same date," said an official from the Eurotrain consortium -- made up of French firm Alstom and Germany's Siemens.
"We have full support of both governments," the official said on condition of anonymity. "It is reasonable they would voice their concerns while here."
The European conglomerate is locked in battle with the Shinkansen group of Japan for a NT$95 billion (US$3 billion) contract to supply train carriages and locomotives.
Gayssot cancelled a visit to Taiwan this month following the outbreak of a cabinet-level scandal in Paris which involves weapon sales to Taipei years ago.
Local media said Gayssot was scheduled to meet President Lee Teng-hui, Transport Minister Lin Feng-cheng and Nita Ing, chairwoman of Taiwan High Speed Rail Corp (THSRC), which won the NT$440 billion(US$13.86 billion) contract for Taiwan's first high-speed rail project.
It will construct a 340-km railway linking Taipei and the southern city of Kaohsiung on a build-operate-transfer basis.
Japan, which is promoting Shinkansen's "bullet train" as more suitable for Taiwan than Eurotrain's TGV system, has been reluctant to make official contact with Taipei in deference to Beijing.
The Eurotrain official renewed the conglomerate's pledge to invest a 5 percent stake in the mammoth project. Eurotrain also guaranteed to help bring in investment for another 5 percent holding.
It forecast the Taiwan high-speed rail system to transport 100 million passengers a year, double that of the average passenger load for European rails of the same length.
Although the THSRC is to make a preliminary decision between Eurotrain and Shinkansen before the end of December, there is provision for the losing bidder to stake a late claim before the contract is signed in January which is when the French and German ministers are due to arrive.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
Taiwan is attracting a growing number of foreign jobseekers as companies increasingly recruit overseas talent to ease labor shortages and expand global reach, recruitment platform 104 Job Bank (104人力銀行) said yesterday. More than 40,000 foreign nationals searched for jobs in Taiwan through the platform last year, a 28 percent increase from a year earlier, the company said. Malaysians accounted for the largest share of overseas jobseekers at 12.2 percent, followed by Indonesians at 11.9 percent and Vietnamese at 10.8 percent. Indonesian applicants surged more than 50 percent year-on-year, while Vietnamese jobseekers rose by more than 30 percent. Applicants from the
NO SHORTCUTS: Asked about Elon Musk’s Terafab initiative, TSMC CEO C.C. Wei said it takes two to three years to build a fab and another one to two to ramp it up Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its revenue growth forecast for this year to above 30 percent, up from the 25 percent it estimated three months earlier, citing extremely robust artificial intelligence (AI)-related chip demand. “Our customers and customers’ customers, who are mainly cloud service providers, continue to send us very positive signals and outlook,” TSMC chairman and CEO C.C. Wei (魏哲家) said at an earnings conference. The company also hiked its capital expenditure for this year toward the higher end of its forecast, or US$56 billion, as it aims to step up advanced chip capacity expansions, such as
The founder of Chinese property giant Evergrande Group (恆大集團) has pleaded guilty to charges of fraud and bribery, a court said yesterday, the latest blow for what was once the country’s leading developer. Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards, but in 2020, its access to credit dramatically narrowed when the government introduced curbs on excessive borrowing and speculation. The company defaulted in 2021 after struggling to repay creditors. Founder Xu Jiayin (許家印), 67, known as Hui Ka Yan in Cantonese, was reportedly held by police in 2023, with Evergrande saying he had been subjected to