Prosecutors conducted numerous raids and questioned several individuals yesterday about alleged illegal share trading ahead of Standard Chartered Plc's announcement last year that it was buying Hsinchu International Bank (新竹國際商銀).
"We searched 11 sites and brought five people back to the office for questioning about alleged insider trading," Taipei District Prosecutors' Office spokesman Lin Jinn-tsun (林錦村) said
Four people were released after questioning, Lin said in a telephone interview. The fifth had not been questioned by prosecutors as of the press time.
Those questioned included members of Chan family, which has a majority shareholding and the chairmanship of Hsinchu International, as well as Chen Wu-kang (
The probe began after Standard Chartered said on Sept. 29 last year that it would acquire the Hsinchu lender.
Prosecutors found a suspicious pattern of trading in Hsinchu International shares on the five trading days before the announcement.
Lin dismissed cable TV reports that prosecutors had raided any Standard Chartered Bank (Taiwan) Ltd offices.
The UK bank said last night that it had no prior knowledge of the probe. It declined further comment, saying that it was inappropriate to discuss an ongoing investigation.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Standard Chartered Taiwan on March 26 announced that it has partnered with international fintech firm FinIQ to build an “Automated Structured Products Pricing Platform.” The bank is also introducing products from global issuers including Goldman Sachs Group Inc, Barclays PLC and BNP Paribas SA. The new platform enables an end-to-end process whereby it finds the most competitive pricing across multiple issuers in a matter of minutes, followed by automated documentation and transaction execution, which significantly shortens time-to-market and delivers a superior wealth management experience. Standard Chartered Bank Taiwan CEO Anthony Yu (游天立) said: “Standard Chartered is increasingly leveraging its wealth management
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