Following in the wake of Steve Chen's (
Shih Yen-shiang (
"The promotions of Shih and Hsieh were decided after discussions between Premier Su Tseng-chang (
Hsieh, 56, earned a master's degree in economics from National Chengchi University, passed the Ministry of Economic Affairs' foreign representatives' exam in 1977 and has rich experience in foreign trade gleaned from his previous appointments in South Africa, North America and Australia.
Before serving as a vice chairman at the Council for Economic Planning and Development in February 2002, Hsieh was secretary-general of the Ministry of Economic Affairs, director of the ministry's Department of International Cooperation, and director of the division of the Bureau of Foreign Trade that handles exchanges with the WTO, APEC, the Organization for Economic Cooperation and Development and other international business organizations.
Meanwhile, Preston Chen (陳武雄), chairman of the Chinese National Federation of Industries (CNFI, 全國工業總會) which represents some 70,000 Taiwanese manufacturers, yesterday paid a visit to the ministry and urged the government to help attract overseas-based Taiwanese businessmen to return home while simultaneously easing restrictions on China-bound investment.
Accompanied by several CNFI representatives, Preston Chen submitted a number of proposals to the new minister for his consideration.
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
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 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
INFLATION CONSIDERATION: The BOJ governor said that it would ‘keep making appropriate decisions’ and would adjust depending on the economy and prices The Bank of Japan (BOJ) yesterday raised its benchmark interest rate to the highest in 30 years and said more increases are in the pipeline if conditions allow, in a sign of growing conviction that it can attain the stable inflation target it has pursued for more than a decade. Bank of Japan Governor Kazuo Ueda’s policy board increased the rate by 0.2 percentage points to 0.75 percent, in a unanimous decision, the bank said in a statement. The central bank cited the rising likelihood of its economic outlook being realized. The rate change was expected by all 50 economists surveyed by Bloomberg. The
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