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.
WASHINGTON’S INCENTIVES: The CHIPS Act set aside US$39 billion in direct grants to persuade the world’s top semiconductor companies to make chips on US soil The US plans to award more than US$6 billion to Samsung Electronics Co, helping the chipmaker expand beyond a project in Texas it has already announced, people familiar with the matter said. The money from the 2022 CHIPS and Science Act would be one of several major awards that the US Department of Commerce is expected to announce in the coming weeks, including a grant of more than US$5 billion to Samsung’s rival, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), people familiar with the plans said. The people spoke on condition of anonymity in advance of the official announcements. The federal funding for
HIGH DEMAND: The firm has strong capabilities of providing key components including liquid cooling technology needed for AI servers, chairman Young Liu said Hon Hai Precision Industry Co (鴻海精密) yesterday revised its revenue outlook for this year to “significant” growth from a “neutral” view forecast five months ago, due to strong demand for artificial intelligence (AI) servers from cloud service providers. Hon Hai, a major assembler of iPhones that is also known as Foxconn, expects AI server revenues to soar more than 40 percent annually this year, chairman Young Liu (劉揚偉) told investors. The robust growth would uplift revenue contribution from AI servers to 40 percent of the company’s overall server revenue this year, from 30 percent last year, Liu said. In the three-year period
LONG HAUL: Largan Energy Materials’ TNO-based lithium-ion batteries are expected to charge in five minutes and last about 20 years, far surpassing conventional technology Largan Precision Co (大立光) has formed a joint venture with the Industrial Technology Research Institute (ITRI, 工研院) to produce fast-charging, long-life lithium-ion batteries for electric vehicles, mobile electronics and electric storage units, the camera lens supplier for Apple Inc’s iPhones said yesterday. Largan Energy Materials Co (萬溢能源材料), established in January, is developing high-energy, fast-charging, long-life lithium-ion batteries using titanium niobium oxide (TNO) anodes, it said. TNO-based batteries can be fully charged in five minutes and have a lifespan of 20 years, a major advantage over the two to four hours of charging time needed for conventional graphite-anode-based batteries, Largan said in a
Taiwan is one of the first countries to benefit from the artificial intelligence (AI) boom, but because that is largely down to a single company it also represents a risk, former Google Taiwan managing director Chien Lee-feng (簡立峰) said at an AI forum in Taipei yesterday. Speaking at the forum on how generative AI can generate possibilities for all walks of life, Chien said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) — currently among the world’s 10 most-valuable companies due to continued optimism about AI — ensures Taiwan is one of the economies to benefit most from AI. “This is because AI is