■ Shares slightly up
Share prices closed up 0.55 percent yesterday as political concerns offset an early rally driven by Wall Street's overnight gains amid tame US inflation data, dealers said.
The TAIEX closed up 36.83 points at 6,733.46, on turnover of NT$118.86 billion (US$3.63 billion).
"Large-cap stocks managed further gains, suggesting increased interest from foreign investors amid a firming local currency," said Samson Chueh, an assistant vice president with Fuhwa Securities Corp (復華證券).
While bellwether technology stocks followed the direction set by their counterparts in the US, some sectors which had been lagging behind the broader market, such as tourism, staged a recovery, he said.
Decliners outnumbered gainers 518 to 507, with 129 stocks unchanged.
■ CPC hikes gas price
State-run Chinese Petroleum Corp (CPC, 中油) announced yesterday that it would hike the prices of liquefied natural gas (LNG) by an average of 15 percent due to rising import costs, effective today.
After the adjustment, industrial natural gas will be NT$13.0366 per cubic meter for mixed LNG mixed, including CPC's product and an imported one, or NT$14.5014 for imported LNG, according to a company statement.
The prices for LNG retailers are NT$12.15 and NT$13.52 per cubic meter. LNG for cogeneration will be NT$12.0980 NT$13.4573 per cubic meter. Prices of LNG for generating electricity range from NT$11.1719 to NT$13.0339 per cubic meter, depending on the season, according to CPC.
■ Lenovo poaches Dell staff
Lenovo Group Ltd (聯想), the world's third-largest manufacturer of personal computers, hired two executives from Dell Inc to head the company's operations in Asia and Japan.
David Miller, who headed the China business of Dell, the world's largest PC maker, was named president of Lenovo Asia, the Chinese company said yesterday in a statement. Sotaro Amano, former corporate director of Japan sales for Dell, will be president of Lenovo Japan Ltd.
■ Customs seizes fake goods
Customs agents have seized counterfeit fashion items and pirated video games in recent months worth a combined NT$20 million, a spokesman for the Taipei Customs Bureau under the Ministry of Finance said yesterday.
According to the spokesman, customs agents seized 1,713 items of fake brand-name products, including leather goods, sunglasses and clothes since customs agents began stepping up inspections of international express delivery packages in June. The pirated products had a market value of NT$11 million, he said.
A total of 6,800 fake Sony video game disks were nabbed by Taipei Customs Bureau agents on Monday -- the second seizure of its kind after 1,626 bootleg X-Box video game disks were seized, the spokesman said, noting that the two seizures were worth more than NT$10 million.
■ Biometric USB drive launched
SanDisk Corp yesterday launched SanDisk Cruzer Profile, a portable, high-speed USB flash drive with finger identification technology embedded in the device to ensure data security to local users, a company statement said.
Through a built-in biometric fingerprint scanner, data stored in the product can be accessed with the swipe of fingerprints of designated users, the statement said.
■ NT remains firm
The New Taiwan dollar maintained strength against its US counterpart, rising NT$0.122 to close at NT$32.627 on the Taipei foreign exchange market. Turnover was US$967 million.
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Hon Hai Precision Industry Co (鴻海精密) yesterday said it would work with US chipmaker Intel Corp to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Hon Hai, also known as Foxconn Technology Group (富士康), said in a statement that the partnership would combine its global manufacturing scale, system integration expertise and AI data center deployment capabilities with Intel’s strengths in processor architecture, silicon technologies and software ecosystem. The companies said they plan to work on equipment used in AI data centers, including server racks powered by
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat