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.
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