Science park weathers typhoon
Operations at the Hsinchu Science-based Industrial Park (新竹科學園區) proceeded smoothly yesterday, despite heavy downpours brought by Typhoon Rananim, a park administration official said.
Yen Tsung-ming (顏宗明), deputy director of the Hsinchu Science-based Industrial Park Administration, said that operations remained normal and that no incidents were reported, despite the fact that more than 300mm of rain fell in the Hsinchu area on Wednesday.
Yen claimed that companies based at the park will not be troubled by water shortages in the short term thanks to the rainfall brought by the typhoon.
The park is Taiwan's flagship high-tech facility and is widely viewed as the country's "Silicon Valley."
Major reservoirs in Hsinchu County and neighboring Taoyuan County have taken in large amounts of water.
The Paoshan and Yunghoshan reservoirs now hold more than 90 percent of their capacities.
ProMOS elects new chairman
The board of ProMOS Techno-logies Inc (茂德科技), the nation's leading producer of computer memory chips, yesterday elected its current vice chairman, Chen Liang-min (陳良民), to take over from outgoing chairman Hu Hung-chiu (胡洪九), the company said in a statement submitted to the Taiwan Stock Exchange Corp.
Hu, who also chairs ProMOS' parent company, Mosel Vitelic Inc (茂矽), offered his resignation at ProMOS amid an investigation about the alleged embezzlement of more than NT$10 billion from Pacific Electric Wire and Cable Co (太平洋電線電纜).
Hu served as a chief financial officer at Pacific Electric between 1988 and 1998.
Keelung harbor ups its tonnage
Keelung harbor handled 8.5 million tonnes of cargo last month, an increase of 6 percent over the same month last year, according to statistics compiled by the Kee-lung Harbor Bureau.
The port handled a total of 178,172 twenty-foot-equivalent unit (TEU) containers, an annual growth of 6.03 percent.
Of these, 81,823 TEUs were for imports, while 76,905 were for exports.
Transshipments amounted to 19,444 TEUs.
In July, outbound and inbound ships made a total of 856 visits to Keelung, an increase of 3.38 percent over the same month last year.
In the first seven months of this year, Keelung harbor dealt with 57.37 million tonnes of cargo, representing a growth of 9.03 percent over the same period last year.
The port handled 1.21 million TEUs from January to July, representing a rise of 6.98 percent over the same period last year.
Inbound and outbound ships made a total of 5,715 visits during the first seven months of the year.
Yulon Motor plans buyback
Yulon Motor Co (裕隆汽車), which makes Nissan Motor Co cars in Taiwan, said it plans to buy as many as 30 million of its shares in the next two months.
Yulon Motor may pay as much as NT$35 a share, a 19 percent premium to the stock's closing price of NT$29.30 yesterday, the company said in a statement to the Taiwan Stock Exchange.
The stock has fallen 27 percent this year, compared with an 8.9 percent decline in the TAIEX.
NT dollar unchanged
The New Taiwan dollar remained unchanged at NT$34.140 against its US counterpart on the Taipei foreign exchange market yesterday.
The turnover stood at US$429 million.
The EU and US are nearing an agreement to coordinate on producing and securing critical minerals, part of a push to break reliance on Chinese supplies. The potential deal would create incentives, such as minimum prices, that could advantage non-Chinese suppliers, according to a draft of an “action plan” seen by Bloomberg. The EU and US would also cooperate on standards, investments and joint projects, as well as coordinate on any supply disruptions by countries like China. The two sides are additionally seeking other “like-minded partners” to join a multicountry accord to help create these new critical mineral supply chains, which feed into
For weeks now, the global tech industry has been waiting for a major artificial intelligence (AI) launch from DeepSeek (深度求索), seen as a benchmark for China’s progress in the fast-moving field. More than a year has passed since the start-up put Chinese AI on the map in early last year with a low-cost chatbot that performed at a similar level to US rivals. However, despite reports and rumors about its imminent release, DeepSeek’s next-generation “V4” model is nowhere in sight. Speculation is also swirling over the geopolitical implications of which computer chips were chosen to train and power the new
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
Japan approved ￥631.5 billion (US$3.97 billion) in additional subsidies to hasten Rapidus Corp’s entry into the high-stakes artificial intelligence (AI) chipmaking arena, ramping up support for a project widely regarded as a long shot. The capital is intended to bankroll Rapidus’ work for information technology firm Fujitsu Ltd, one of the initial customers that Tokyo hopes would get the signature endeavor off the ground. The new money raises the fees and investments that the government is injecting into the start-up to ￥2.6 trillion by the end of the current fiscal year to March next year, the Japanese Ministry of Economy, Trade and
RSS