Formosa Automobile Corp (
According to the report, Liu Shun (
Liu said that there hadn't been any formal discussions on the deal, which aims to develop the complex in the manufacturing of upstream autoparts such as engine components.
Kunshan has been attracting foreign capital, especially from Taiwan, in recent years with most of the funds flowing into the manufacturing sector.
Hung Tse-chung (
Formosa's first automobile -- the 2000 Formosa No. 1 sedan -- rolled into the market at the end of 2000.
Formosa contributed 45 percent of the parts to make the car while joint developer Daewoo of South Korea added in the rest.
Formosa Automobile, which aims to provide 70 percent of the automobile's parts, has some 400 workers at its plant in Tatu (大肚), near Taichung, which can produce 1,750 cars per month and is targeted to make 20,000 cars annually.
In related news, it was reported that Formosa Group chairman Wang Yung-ching (
Wang may start building branches of Taiwan's Chang Gung Memorial Hospital (
However, while Wang wants to be the sole investor in the hospitals, China's Ministry of Health wants to take a 30 percent stake in the venture, the report said.
BUSINESS UPDATE: The iPhone assembler said operations outlook is expected to show quarter-on-quarter and year-on-year growth for the second quarter Hon Hai Precision Industry Co (鴻海精密) yesterday reported strong growth in sales last month, potentially raising expectations for iPhone sales while artificial intelligence (AI)-related business booms. The company, which assembles the majority of Apple Inc’s smartphones, reported a 19.03 percent rise in monthly sales to NT$510.9 billion (US$15.78 billion), from NT$429.22 billion in the same period last year. On a monthly basis, sales rose 14.16 percent, it said. The company in a statement said that last month’s revenue was a record-breaking April performance. Hon Hai, known also as Foxconn Technology Group (富士康科技集團), assembles most iPhones, but the company is diversifying its business to
Apple Inc has been developing a homegrown chip to run artificial intelligence (AI) tools in data centers, although it is unclear if the semiconductor would ever be deployed, the Wall Street Journal reported on Monday. The effort would build on Apple’s previous efforts to make in-house chips, which run in its iPhones, Macs and other devices, according to the Journal, which cited unidentified people familiar with the matter. The server project is code-named ACDC (Apple Chips in Data Center) within the company, aiming to utilize Apple’s expertise in chip design for the company’s server infrastructure, the newspaper said. While this initiative has been
GlobalWafers Co (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday said that revenue would rise moderately in the second half of this year, driven primarily by robust demand for advanced wafers used in high-bandwidth memory (HBM) chips, a key component of artificial intelligence (AI) technology. “The first quarter is the lowest point of this cycle. The second half will be better than the first for the whole semiconductor industry and for GlobalWafers,” chairwoman Doris Hsu (徐秀蘭) said during an online investors’ conference. “HBM would definitely be the key growth driver in the second half,” Hsu said. “That is our big hope
The consumer price index (CPI) last month eased to 1.95 percent, below the central bank’s 2 percent target, as food and entertainment cost increases decelerated, helped by stable egg prices, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. The slowdown bucked predictions by policymakers and academics that inflationary pressures would build up following double-digit electricity rate hikes on April 1. “The latest CPI data came after the cost of eating out and rent grew moderately amid mixed international raw material prices,” DGBAS official Tsao Chih-hung (曹志弘) told a news conference in Taipei. The central bank in March raised interest rates by