The government plans to tap Wu Chi-chang (
The move was unexpected because Lin's two-year term does not expire until the end of the year, the Chinese-language Commercial Times reported yesterday.
The newspaper, citing a high-ranking official at the Ministry of Economic Affairs, said the ministry has recommended to the Cabinet that Wu be appointed because Lin has completed the task appointed him by the ministry.
The Chinese-language Economic Daily News carried a similar story yesterday, saying that the Cabinet would soon approve Wu's appointment and he would be elected as Taiyen chairman at a board meeting this week at the earliest.
Both papers said Lin has been a controversial figure since he took the helm of Taiyen in late 2005.
He was criticized for making no significant progress on business front, despite large-scale job reshuffles and a bold attempt to align the distributing channel for the company's popular cosmetic products, the reports said.
Taiyen posted a pre-tax profit of NT$145 million (US$4.42 million) in the first six months of the year, which represented almost a 30 percent decline from its net income of NT$206 million a year ago.
Revenues were also down 18 percent roughly to NT$1.17 billion during the first half of the year from NT$1.43 billion a year earlier, the company's data showed.
Taiyen shares were up 1.85 percent at NT$33 on Friday on the Taiwan Stock Exchange.
Wu, 64, a former board director of Taiyen, developed close ties with President Chen Shui-bian (
He also led 5,000 supporters from Chen's hometown, Tainan, to counter the anti-Chen campaign led by former Democratic Progressive Party (DPP) chairman Shih Ming-teh (
In other developments, the Cabinet is reportedly considering changes at other state-run companies, including Taiwan Sugar Corp (台糖), Tang Eng Iron Works Corp (唐榮) and Taiwan Power Co (台電), the Economic Daily News reported, without citing sources.
The Cabinet approved the appointment of Lin Wen-yuan (林文淵) to replace Chiang Yao-chung (江耀宗) as China Steel Corp (中鋼) chairman last month.
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied
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