Joseph Lyu (
"Before the plan of forming a financial holding company is formulated, our goal is to take full advantage of the bank's re-investment [financial] units to diversify its financial services," Lyu told reporters after yesterday's take-over ceremony.
But he downplayed reporters' questions about whether the bank will pursue the goal of forming a financial holding company with other state-run banks.
After filling the vacancy left by Chen Mu-tsai (陳木在), who was appointed to head China Development Financial Holding Corp (中華開發金控) in April, 48-year-old Lyu will be the youngest-ever chairman in the bank's history.
At yesterday's ceremony, Vice Minister of Finance Susan Chang (
Chang urged the new chairman to quickly address the century-old bank's problems, including its heavy load of government-induced loans, excessive assets in the form of real-estate and re-investments.
Speaking in the capacity of acting chairman, former Vice Minister of Finance Yang Tze-kiang (
He, however, added that the bank should make a greater effort to improve its direct-finance business performance and implementation of internal controls.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
SK Hynix Inc warned of increased volatility in the second half of this year despite resilient demand for artificial intelligence (AI) memory chips from big tech providers, reflecting the uncertainty surrounding US tariffs. The company reported a better-than-projected 158 percent jump in March-quarter operating income, propelled in part by stockpiling ahead of US President Donald Trump’s tariffs. SK Hynix stuck with a forecast for a doubling in demand for the high-bandwidth memory (HBM) essential to Nvidia Corp’s AI accelerators, which in turn drive giant data centers built by the likes of Microsoft Corp and Amazon.com Inc. That SK Hynix is maintaining its
RSS