BES takes on CKS rail link
A consortium led by the BES Engineering Corp (中華工程) has decided to build a mass rapid transit rail link connecting Taipei and CKS international airport, local media reported yesterday.
BES chairman Shen Ching-ching (沈慶京) said that the consortium will pay a deposit of NT$100 million before next Tuesday to gain priority negotiation rights with the Ministry of Transportation and Communications.
The consortium consists of 12 local and foreign enterprises including the China Development Industrial Bank (中華開發銀行) and the Bombardier Group of Canada.
Chunghwa to up subsidies
Chunghwa Telecom Co (中華電信) plans to improve its revenue by increasing subsidies for buyers of cellphones that download data and video clips. Subsidies for a handset with a large color screen to will be as much as NT$3,000, a local newspaper reported.
FPG puts China school on hold
The Formosa Plastics Group (台塑集團) has put on hold a plan to build a hospital and nursing school in Guangdong. The decision was made after the Dongguan city government rejected the group's proposal to make the hospital a non-profit institution, a local newspaper said yesterday.
NT dollar dips
The New Taiwan dollar yesterday traded lower against its US counterpart, dropping NT$0.014 to close at NT$34.658 on the Taipei foreign exchange market.
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has appointed Rose Castanares, executive vice president of TSMC Arizona, as president of the subsidiary, which is responsible for carrying out massive investments by the Taiwanese tech giant in the US state, the company said in a statement yesterday. Castanares will succeed Brian Harrison as president of the Arizona subsidiary on Oct. 1 after the incumbent president steps down from the position with a transfer to the Arizona CEO office to serve as an advisor to TSMC Arizona’s chairman, the statement said. According to TSMC, Harrison is scheduled to retire on Dec. 31. Castanares joined TSMC in
EUROPE ON HOLD: Among a flurry of announcements, Intel said it would postpone new factories in Germany and Poland, but remains committed to its US expansion Intel Corp chief executive officer Pat Gelsinger has landed Amazon.com Inc’s Amazon Web Services (AWS) as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker. Intel and AWS are to coinvest in a custom semiconductor for artificial intelligence computing — what is known as a fabric chip — in a “multiyear, multibillion-dollar framework,” Intel said in a statement on Monday. The work would rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares rose more than 8 percent in late trading after the