Whoever is named to be minister of economic affairs in the next Cabinet reshuffle faces a number of challenges, including the realization of the 10 Major Infrastructure Projects and strengthening cross-strait business ties, pundits said yesterday.
Minister of Economic Affairs Lin Yi-fu (
Since Vice Premier Lin Hsin-i (林信義), who doubled as the CEPD's chairman, also tendered his resignation yesterday, some observers said the chance for Ho to be named chairwoman in the upcoming reshuffle could not be ruled out.
Wherever she goes, Ho seems to be very popular within the Democratic Progressive Party (DPP) government -- an administration which has been criticized for its lack of talent in the areas of economics and trade.
"It is difficult to coordinate various government departments, but I think Ho has done a good job [as council vice chairman]," Kung Ming-hsin (
"Ho is a good candidate [for the economics ministry]," Kung said.
As for the strengthening of the cross-strait business ties, Kung said that is a policy area set by the Cabinet.
Ho, 53, entered the ministry in 1975 when she joined the Industrial Development Bureau as a technician. She was promoted to deputy director general of the bureau in 1994. She served as a counselor to the Cabinet in 1997 and then became CEPD vice-chairperson in 2000.
During her tenure, Ho proposed and pushed forward several major policies, including a NT$20 billion program for creating public-service jobs to help ease unemployment.
Another major accomplishment was the planning of free-trade ports. Keelung Harbor and Kaohsiung Port have both obtained free-trade port status. Keelung will start free-trade operations in September, while Kaohsiung will begin next year.
Last December Ho proposed a NT$500 billion stimulus package to boost economic growth to 5 percent this year.
Another industry representative said he gave Ho high marks for her expertise and efforts to promote economic policies.
"Ho has a deep understanding of industry from her work in the Industrial Development Bureau for more than 20 years," said Tony Hsu (
Other possible candidates for the ministerial position include China Steel Corp (中鋼) chairman Lin Wen-yuan (林文淵), Taiwan Power Co (台電) chairman Lin Neng-pai (林能白) and Taiwan External Trade Development Council chairman Hsu Chih-jen (許志仁).
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied
RSS