Star Energy Corp (星能股份) won a bid yesterday to provide wind-power generation facilities to Taiwan Power Co (Taipower, 台電) for NT$3.2 billion (US$98.2 million), a filing to the Taiwan Stock Exchange showed.
Star Energy, a wholly-owned electricity generation subsidiary of Taiwan Cogeneration Corp (
State-owned Taipower's floor price was NT$3.37 billion.
Star Energy beat Fortune Electric Co (華城電機) to win the Shihu and Linkou contracts, which are part of the second phase of Taipower's nine-year wind power project.
Fortune Electric -- which designs and manufactures transformers, switch gears and distribution equipment -- submitted a tender of NT$3.47 billion, Taipower said.
Shares of Taiwan Cogeneration rose NT$0.25 or 1.47 percent to close at NT$17.2 yesterday.
The news of winning bid came after the close of stock market, but the stock of Fortune Electric was limit up yesterday amid market speculation that it would win the bid. It closed NT$3.35 higher at NT$51.8.
Taipower completed the first phase of the wind power project with the installment of 60 units of wind power generators for a capacity of 98.96 megawatts, the company said on its Web site.
The company is now working on the second phase of the project which aims to install 58 units with a total capacity of 116 megawatts, the Web site said.
Micron Memory Taiwan Co (台灣美光), a subsidiary of US memorychip maker Micron Technology Inc, has been granted a NT$4.7 billion (US$149.5 million) subsidy under the Ministry of Economic Affairs A+ Corporate Innovation and R&D Enhancement program, the ministry said yesterday. The US memorychip maker’s program aims to back the development of high-performance and high-bandwidth memory chips with a total budget of NT$11.75 billion, the ministry said. Aside from the government funding, Micron is to inject the remaining investment of NT$7.06 billion as the company applied to participate the government’s Global Innovation Partnership Program to deepen technology cooperation, a ministry official told the
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s leading advanced chipmaker, officially began volume production of its 2-nanometer chips in the fourth quarter of this year, according to a recent update on the company’s Web site. The low-key announcement confirms that TSMC, the go-to chipmaker for artificial intelligence (AI) hardware providers Nvidia Corp and iPhone maker Apple Inc, met its original roadmap for the next-generation technology. Production is currently centered at Fab 22 in Kaohsiung, utilizing the company’s first-generation nanosheet transistor technology. The new architecture achieves “full-node strides in performance and power consumption,” TSMC said. The company described the 2nm process as
POTENTIAL demand: Tesla’s chance of reclaiming its leadership in EVs seems uncertain, but breakthrough in full self-driving could help boost sales, an analyst said Chinese auto giant BYD Co (比亞迪) is poised to surpass Tesla Inc as the world’s biggest electric vehicle (EV) company in annual sales. The two groups are expected to soon publish their final figures for this year, and based on sales data so far this year, there is almost no chance the US company led by CEO Elon Musk would retain its leadership position. As of the end of last month, BYD, which also produces hybrid vehicles, had sold 2.07 million EVs. Tesla, for its part, had sold 1.22 million by the end of September. Tesla’s September figures included a one-time boost in
Shares in Taiwan closed at a new high yesterday, the first trading day of the new year, as contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) continued to break records amid an artificial intelligence (AI) boom, dealers said. The TAIEX closed up 386.21 points, or 1.33 percent, at 29,349.81, with turnover totaling NT$648.844 billion (US$20.65 billion). “Judging from a stronger Taiwan dollar against the US dollar, I think foreign institutional investors returned from the holidays and brought funds into the local market,” Concord Securities Co (康和證券) analyst Kerry Huang (黃志祺) said. “Foreign investors just rebuilt their positions with TSMC as their top target,
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