Vegetable prices usually soar in typhoon seasons due to limited production, but two major hypermarket operators have bucked the trend to launch a price war.
RT-Mart (
No shortage
Its other 21 stores would sell water spinach at NT$8 per bunch, she said, adding that supplies were sufficient as the contracts with suppliers had been inked months ago and would not change despite the fact that Tropical Storm Bilis (
Vegetables supplied to its 23 stores nationwide totaled 50 tonnes on Wednesday and doubled to 100 tonnes yesterday, compared with the normal delivery of 20 tonnes, she said.
Carrefour
To compete with its smaller rival, Carrefour Taiwan is also offering special prices for two kinds of leafy vegetables at its Neihu and Dazhi stores.
They will be sold at NT$9 for two bunches until July 25, when the promotion ends, public relations manager Dream Lin (林夢紹) said.
Its remaining 41 stores would also promote vegetables starting at NT$8 per bunch.
Prices for other vegetables and fruits had been increased by between 20 percent and 30 percent, still undercutting the average 50 percent hike in traditional markets, she said.
Lin advised price-sensitive consumers to rather purchase rootstocks, such as carrots and onions, or imported farm produce, such as celery and lettuce, to avoid the short-term price fluctuations.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence (AI), smartphones and weapons central to Western military dominance, Reuters has learned. Completed early this year and undergoing testing, the prototype fills nearly an entire factory floor. It was built by a team of former engineers from Dutch semiconductor giant ASML who reverse-engineered the company’s extreme ultraviolet lithography (EUV) machines, according to two people with knowledge of the project. EUV machines sit at the heart of a technological Cold
Taiwan’s long-term economic competitiveness will hinge not only on national champions like Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) but also on the widespread adoption of artificial intelligence (AI) and other emerging technologies, a US-based scholar has said. At a lecture in Taipei on Tuesday, Jeffrey Ding, assistant professor of political science at the George Washington University and author of "Technology and the Rise of Great Powers," argued that historical experience shows that general-purpose technologies (GPTs) — such as electricity, computers and now AI — shape long-term economic advantages through their diffusion across the broader economy. "What really matters is not who pioneers
TAIWAN VALUE CHAIN: Foxtron is to fully own Luxgen following the transaction and it plans to launch a new electric model, the Foxtron Bria, in Taiwan next year Yulon Motor Co (裕隆汽車) yesterday said that its board of directors approved the disposal of its electric vehicle (EV) unit, Luxgen Motor Co (納智捷汽車), to Foxtron Vehicle Technologies Co (鴻華先進) for NT$787.6 million (US$24.98 million). Foxtron, a half-half joint venture between Yulon affiliate Hua-Chuang Automobile Information Technical Center Co (華創車電) and Hon Hai Precision Industry Co (鴻海精密), expects to wrap up the deal in the first quarter of next year. Foxtron would fully own Luxgen following the transaction, including five car distributing companies, outlets and all employees. The deal is subject to the approval of the Fair Trade Commission, Foxtron said. “Foxtron will be
RSS