Veutron Corp (
Veutron is a memory module and scanner maker under the Powerchip Group (
Taichung prosecutors and agents from the Ministry of Justice's Investigation Bureau questioned Huang and 13 company executives on suspicion of selling off their holdings in the company between 2001 and 2002 ahead of the disclosure of the company's massive losses totaling NT$3 billion (US$90.63 million). The questioning was still ongoing as of press time.
Huang, who also doubles as chairman of Powerchip Semiconductor, hasn't appeared in public since Veutron's offices in Taichung, Taipei and Hsinchu, as well as his residence in Taipei, were searched by prosecutors and investigators on March 15.
Prosecutors also summoned Eric Tan (
Tan confirmed in a telephone interview yesterday that Frank Huang and his wife were questioned by prosecutors for their alleged involvement in insider trading between 2001 and 2002.
Tan dismissed speculation that Frank Huang was planning to resign before the investigation is concluded, but confirmed that Huang had quit as a member of the board of another subsidiary, Zentel Electronic Corp (力積電子), which Huang founded in 2002.
Zentel designs niche memory chips primarily used in consumer electronics, the company's Web site said.
"[Frank Huang's] move is aimed at making way for independent directors to join the board and boost corporate governance," Tan said.
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
CROSS-STRAIT TENSIONS: The US company could switch orders from TSMC to alternative suppliers, but that would lower chip quality, CEO Jensen Huang said Nvidia Corp CEO Jensen Huang (黃仁勳), whose products have become the hottest commodity in the technology world, on Wednesday said that the scramble for a limited amount of supply has frustrated some customers and raised tensions. “The demand on it is so great, and everyone wants to be first and everyone wants to be most,” he told the audience at a Goldman Sachs Group Inc technology conference in San Francisco. “We probably have more emotional customers today. Deservedly so. It’s tense. We’re trying to do the best we can.” Huang’s company is experiencing strong demand for its latest generation of chips, called
GLOBAL ECONOMY: Policymakers have a choice of a small 25 basis-point cut or a bold cut of 50 basis points, which would help the labor market, but might reignite inflation The US Federal Reserve is gearing up to announce its first interest rate cut in more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election. Senior officials at the US central bank including Fed Chairman Jerome Powell have in recent weeks indicated that a rate cut is coming this month, as inflation eases toward the bank’s long-term target of two percent, and the labor market continues to cool. The Fed, which has a dual mandate from the US Congress to act independently to ensure