Copyright crackdown
Taiwan has convicted 1,735 people in copyright infringement cases so far this year, a 29 percent increase from the same period last year, the government said yesterday.
The convictions were part of a sweeping crackdown on factories producing pirated DVDs, CDs, video games and computer software, the Intellectual Property Office said in a quarterly report.
Officials have closed 21 factories so far this year and police have seized pirated goods with an estimated market value of more than NT$5 billion (US$144 million), the report said.
The US and European nations have in recent years increased pressure on the government to get tougher on copyright infringement.
CETRA gets new chairman
The Cabinet confirmed yesterday that Hsu Chih-jen (許志仁), head of the Third Bureau at the Presidential Office, will replace Shea Jia-dong (許嘉棟) as chairman of China External Trade Development Council (CETRA). Hsu is scheduled to take office on Friday.
Being a seasoned trade officer under the Bureau of Foreign Trade, Hsu was head of the Taipei Trade Office in Milano, Italy between 1998 and 2000. He took the presidential office job in October, 2000 following Chen Shui-bian's (陳水扁) triumph in the 2000 presidential election. Hsu studied with Chen at the National Taiwan University in the 1970s.
At an event held yesterday at the Taipei World Trade Center, Shea declined to say where he's going after stepping down from the post.
Shea, who assumed the CETRA office in December 29, 2000, served as Minister of Finance from May to October in 2000. He was deputy governor of the Central Bank of China between 1996 and 2000.
Dispute will not affect ratings
The recent dispute between Yuanta Core Pacific Securities Co (元大京華證券) and the other major shareholder of Hong Kong-based Core Pacific Yamaichi Securities (京華山一證券) will have no immediate impact on the ratings of Yuanta Core Pacific, the Taiwan Ratings Corp (中華信評) said yesterday in a statement.
Taiwan Ratings, a local arm of Standard and Poor's, said it believes the negative impact from this incident is not likely to significantly affect Yuanta Core Pacific's financial strength, given its strong capitalization.
Yuanta Core Pacific acts as a passive shareholder of Core Pacific Yamaichi. In light of Core Pacific Yamaichi's disappointing operating performance during the period from 2001 to last year, Yuanta Core Pacific has proposed to take full control of this subsidiary or liquidate it, which, however, would be subject to the agreement of the other major shareholders of Core Pacific Yamaichi.
Yuanta Core Pacific said yesterday that it plans to take legal action to speed up the process.
First Financial spins shares
First Financial Holding Co (第一金控), the owner of the nation's No. 4 bank by assets, plans to sell 1 billion new shares tomorrow to overseas investors at a 10 percent discount, said a banker involved in the sale.
The company is selling the shares as global depositary receipts, worth about US$540 million using yesterday's close of NT$20.60 apiece.
Officials from Deutsche Bank AG, the sale's manager, declined to comment. The shares will be priced today in London.
"The two teams marketing the sale are expected to join up in London today," said Grace Jeng, head of administration and planning for First Financial in Taiwan.
NT dollar slips slightly
The New Taiwan dollar yesterday traded lower against its US counterpart, dropping NT$0.016 to close at NT$34.441 on the Taipei foreign exchange market. Turnover was US$337 million.
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
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
MAJOR BENEFICIARY: The company benefits from TSMC’s advanced packaging scarcity, given robust demand for Nvidia AI chips, analysts said ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip packaging and testing service provider, yesterday said it is raising its equipment capital expenditure budget by 10 percent this year to expand leading-edge and advanced packing and testing capacity amid strong artificial intelligence (AI) and high-performance computing chip demand. This is on top of the 40 to 50 percent annual increase in its capital spending budget to more than the US$1.7 billion to announced in February. About half of the equipment capital expenditure would be spent on leading-edge and advanced packaging and testing technology, the company said. ASE is considered by analysts