More Chinese workers okayed \n \nThe government plans to allow increased employment of Chinese high-tech workers both by local companies and foreign firms operating here, a Mainland Affairs Council official said yesterday. \nThe Cabinet recently instructed government agencies to work on the liberalization in response to growing demand in the technology industry for high-quality and low-cost workers, the official said. \nSeparately, a Chinese-language newspaper said the authorities plan to remove current regulations which limit private firms to hiring no more than 20 percent of their research and development personnel from China. \nIn addition, companies would be permitted to recruit Chinese professionals directly from China rather than only from those living abroad, the newspaper said, adding that the easing of the rules is expected next month. \nRivals grabbing market share \n \nChina's Ningbo Bird Co (波導) and Sewon Telecom Ltd of South Korea are threatening to take more business from Taiwanese rivals after winning orders from Siemens AG to make mobile phones, a Chinese-language newspaper reported, without saying where it obtained the information. \nTaiwanese companies such as BenQ Corp (明基), which makes handsets for Motorola Inc, and Arima Computer Corp (華宇), which supplies Sony Ericsson Mobile Communications AB, may lose profit margins that are as high as 20 percent now that more competition is coming from outside the country, the paper said. \nChinese and South Korean companies have narrowed the gap with their Taiwanese rivals as innovation in the mobile phone business slows and South Korean companies offer handsets that are more attractive than those most Taiwanese companies can design, it said. \nBiotech park set for Pingtung \n \nThe first agricultural biotechnology park in Asia will be established in Pingtung and become operational by the end of next year. \nCouncil of Agriculture Chairman Lee Chin-lung (李金龍) said Sunday that the 350-hectare park will be able to accommodate 120 investors. \nIt is aimed at modernizing and promoting agricultural production. Park output is expected to reach NT$20 billion (US$598 million) in 10 years. \nNew chips on the way \n \nTransmeta Corp and Via Technologies Inc (威盛) plan to announce new microprocessor chips this week to target portable computers, the Wall Street Journal reported, citing the companies at a technical conference in Silicon Valley. \nTransmeta and Via Technologies aim to compete with Intel, which provides more than 80 percent of personal computers with chips, the Journal said. \nTSEC in pact with Luxembourg \n \nTaiwan Stock Exchange Corp (TSEC) and Luxembourg Stock Exchange have signed a memorandum of understanding on information sharing, TSEC said Monday. \nThe agreement was forged by TSEC chairman Sean Chen (陳沖) and Luxembourg Stock Exchange president and chief executive Michel Maquil in New York, a TSEC statement said. \nTaiwanese companies have issued 31 global depositary receipts and 105 corporate bonds on the Luxembourg Stock Exchange and the accord will strengthen market management and relations, according to the statement. \nNT dollar gains ground \n \nThe New Taiwan dollar yesterday traded higher against its US counterpart, rising NT$0.033 to close at NT$33.710 on the Taipei Foreign Exchange. \nTurnover was US$788 million.
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
Swancor Renewable Energy Co (上緯新能源) yesterday announced plans for a 4.4 gigawatt (GW) offshore wind project off Miaoli County as part of its commitment toward Taiwan’s energy transformation, the company said in a statement. The “Formosa 4” project includes three deep-water wind farms 18km to 20km off the coast, Swancor Renewable CEO Lucas Lin (林雍堯) said, adding that planning for the project began last year. A proposal for Formosa 4 was this week submitted to the Environmental Protection Agency (EPA), the company said. Swancor Renewable jointly developed the Formosa 1 project, a 128 megawatt (MW) wind farm about 4km off Miaoli and the
INVEST IN TAIWAN: A metal components casting firm and the world’s largest maker of aluminum bicycle rims also obtained approvals to join the program Solar Applied Materials Technology Co (SOLAR, 光洋應用材料), a part of Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) “green supply chain,” has pledged to invest NT$1 billion (US$34.1 million) to build a new plant at the Tainan Technology Industrial Park (台南科技工業區), the Ministry of Economic Affairs said yesterday. SOLAR has been collaborating with TSMC to extract precious metals from waste and reuse them as “sputtering target” material in high-end semiconductor manufacturing, a TSMC press release issued in May said. Established in 1978, SOLAR also offers key materials and integrated services to customers in the optoelectronics, information and communications technology, petrochemicals and consumer electronics industries,