Ratings Corp names new chief
Taiwan Ratings Corp (中華信評), a local arm of Standard & Poor's, said yesterday that it has appointed Eddy Jenn-long Yang (楊鎮龍) as its new president and chief executive officer, the company said in a statement.
The appointment of Yang to replace acting president Chris Irwin was approved at a board meeting held on Monday, Taiwan Ratings said. Before joining Taiwan Ratings, Yang served as vice president and head of Taiwan trade sales at JP Morgan Chase Bank in Taiwan.
S&P on Monday took up a majority 51 percent stake in Taiwan Ratings Corp, after acquiring an additional 1 percent of shares from the Taiwan Stock Exchange Corp.
Camera output increases
Taiwan's output of digital cameras continued to grow for the third quarter of this year, with models of four and five megapixels dominating production, according to the results of a recent investigation by the semi-official Institute for Information Industry.
The institute said that Taiwan manufactured 5.94 million digital cameras in the third quarter, up 12.4 percent from the previous quarter and up 19.2 percent from a year earlier. The sector's production value hit US$549 million in the third quarter, rising 25.1 percent year-on-year, but the average price quotation dropped to US$92.4 per unit, the institute said.
NT dollar increases
The New Taiwan dollar rose to its highest in almost four years amid strong buying by overseas investors of Taiwan's stocks. The local currency rose NT$0.16 to close at NT$32.659 against its US counterpart on the Taipei foreign exchange market.
Turnover was US$702 million.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
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
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
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],”