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.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
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
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
TECH RELIANCE: Growth is increasingly reflecting an unequal K-shaped distribution, where technology sectors outperform and other industries struggle, an expert said Standard Chartered Bank has significantly raised its forecast for Taiwan’s economic growth to 9.5 percent this year, up from 7.6 percent previously, citing surging artificial intelligence (AI) demand driving exports, semiconductor production and investment. The upgrade reflects a sustained AI supercycle that continues to fuel demand for advanced chips and technology infrastructure, which form the backbone of Taiwan’s exports, the bank said in a report this week. “We raise our 2026 growth forecast to reflect a much stronger-than-expected first-quarter GDP figure,” Standard Chartered senior economist for greater China and Asia Tommy Wu (胡東安) said in the report. Driven largely by a 35.3 percent
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