Legislators and activists urged the government yesterday to exercise care in appointing the new chairman of state-run China Steel Corp (
Amid speculation about high-level, behind-the-scenes disagreements over who should chair China Steel, the Commission of National Corporations (
At a press conference held by independent legislator Liao Hsueh-kuang (
Activists from Spoonbill Action Voluntary Echo International, Taiwan Environmental Action Network, Taiwan Environmental Protection Union and the Taiwan Labor Front, also said at the press conference that the steel industry was a "sunset industry," which deserved no support from the government.
The new chairman of China Steel's board will receive a NT$6 million annual salary and will be the dominant figure in the allocation of an over NT$60 billion budget for the planned rapid transit system in Kaohsiung, in which the company is the sole investor.
It has been reported that the two leading candidates for the post are Wang Chung-yu (
Yieh-loong has been involved in the proposal for the Pinnan Industrial Complex (濱南工業區) in Tainan together with the Tuntex Group (東帝士集團) since 1993. The environmental impact assessment for the project has not yet received final approval from the Environmental Protection Administration.
Yieh-loong was purchased by China Steel last year after a financial crisis at the company.
Environmentalists, however, say that the two major rivals and frontrunners are both unqualified.
"We are particularly against Kuo, the promoter of an industrial complex that will have a negative impact on the environment, including air pollution and the destruction of a wintering site for the endangered Black-faced Spoonbill," said Pan Han-chiang (
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Nanya Technology Corp (南亞科技) yesterday said the DRAM supply crunch could extend through 2028, as the artificial intelligence (AI) boom has led the world’s major memory makers to dramatically reduce production of standard DRAM and allocate a significant portion of their capacity for high-bandwidth memory (HBM) chips. The most severe supply constraints would stretch to the first half of next year due to “very limited” increases in new DRAM capacity worldwide, Nanya Technology president Lee Pei-ing (李培瑛) told a news briefing. The company plans to increase monthly 12-inch wafer capacity to 20,000 in the first half of 2028 after a
Taiwan has enough crude oil reserves for more than 100 days and sufficient natural gas reserves for more than 11 days, both above the regulatory safety requirement, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday, adding that the government would prioritize domestic price stability as conflicts in the Middle East continue. Overall, energy supply for this month is secure, and the government is continuing efforts to ensure sufficient supply for next month, Kung told reporters after meeting with representatives from business groups at the ministry in Taipei. The ministry has been holding daily cross-ministry meetings at the Executive Yuan to ensure
RATIONING: The proposal would give the Trump administration ample leverage to negotiate investments in the US as it decides how many chips to give each country US officials are debating a new regulatory framework for exporting artificial intelligence (AI) chips and are considering requiring foreign nations to invest in US AI data centers or security guarantees as a condition for granting exports of 200,000 chips or more, according to a document seen by Reuters. The rules are not yet final and could change. They would be the first attempt to regulate the flow of AI chips to US allies and partners since US President Donald Trump’s administration said it rescinded its predecessor’s so-called AI diffusion rules. Those rules sought to keep a significant amount of AI