Chairman of the Council of Eco-nomic Planning and Develop-ment, Chen Po-chih (
Local media said that if Chen resigned, it could be to take responsibility for the Cabinet's indecisiveness over economic policy. The two other related ministerial positions, economics and finance, are expected to remain unchanged.
Chen, a former economics professor at the National Taiwan University and an economic advisor to former President Lee Teng-hui (
Possible candidates to take over Chen's office include Lin Nen-bai (林能白), chairman of the Cabinet-level Public Construction Commission, and Chen Shih-meng (陳師孟), deputy governor of the central bank (央行).
Lin, formerly a dean of the National Taiwan University's Business School, told the Central News Agency yesterday that "it's totally untrue" about his possible job move, adding that so far he has not been contacted by the Executive Yuan regarding such a move.
Chen Po-chih has proposed plans such as "Green Silicon Island" (綠色矽島) and the "Knowledge-based Economy" aimed at advancing the economy to the next level.
The Cabinet reshuffle has come from mounting pressure on the government to stimulate the sluggish domestic economy.
Despite increasing pressure from the public and opposition lawmakers for Minister of Economic Affairs Lin Hsin-yi (林信義) to resign, officials were quaoted by local media as saying that Lin "hopes to stay" now that he can finally utilize his private sector management skills to bolster the domestic investment climate.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
FUTURE PLANS: Although the electric vehicle market is getting more competitive, Hon Hai would stick to its goal of seizing a 5 percent share globally, Young Liu said Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler and supplier of artificial intelligence (AI) servers powered by Nvidia Corp’s chips, yesterday said it has introduced a rotating chief executive structure as part of the company’s efforts to cultivate future leaders and to enhance corporate governance. The 50-year-old contract electronics maker reported sizable revenue of NT$6.16 trillion (US$189.67 billion) last year. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), has been under the control of one man almost since its inception. A rotating CEO system is a rarity among Taiwanese businesses. Hon Hai has given leaders of the company’s six