Taiwan Lottery Co (台灣彩券公司), a subsidiary of Chinatrust Commercial Bank (中國信託商銀), decided yesterday afternoon that president Chang Ruu-tian (張汝恬) would serve as acting chairman after chairman Deng Yan-dun (鄧彥敦) was detained by prosecutors yesterday morning.
Wheelchair-bound Deng, chairman of the newly established firm which will start issuing public lotteries starting next year, was listed as a defendants on Wednesday because of his role as chief legal adviser to Chinatrust Financial Holding Co (
Prosecutors have launched an investigation into Chinatrust Financial over its controversial investment in Mega Financial Holding Co (
In addition to Deng, the financial holding firm's vice chairman Jeffrey Koo Jr (辜仲諒), former chief financial officer Perry Chang (張明田), and vice general manager Lin Hsiang-hsi (林祥曦) have been named as defendants. Chang and Lin have also been detained by prosecutors.
Taiwan Lottery Co said the firm will not remove Deng from his post unless he is found guilty, but the Ministry of Finance said it would demand Chinatrust Commercial submit a report because the head of a lottery company should adhere to high moral standards.
Chinatrust Commercial's exclusive right to operate lotteries over the next seven years is not affected, Liu said.
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],”