Taiwan Stock Exchange Corp (TSE, 台灣證交所) plans to launch dual-listings of exchange traded funds with Tokyo Stock Exchange Inc by the end of the first half of the year, a company executive said yesterday.
"The Tokyo Stock Exchange has expressed an interest in dual-listing with us. More details will be ironed out during TSE president Su Song-chin's [
TSE chairman Wu Rong-i (吳榮義) said yesterday that the stock exchange would continue to work on its proposed merger with three other exchanges -- the Taiwan Futures Exchange (期交所), the GRETAI Securities Market (櫃買中心) and the Taiwan Depository and Clearing Corp (集保結算所) -- to create financial holding company through share swaps.
"The Financial Supervisory Commission has approved the TSE's proposed cooperation with Chunghwa Telecom Co (中華電信) to set up a new computer center in Banciao, Taipei County, to enhance the TSE's international competitiveness, with an investment valued at about NT$2 billion [US$62.15 million]," Wu told a news conference yesterday.
Aside from the merger of the markets, attracting foreign-based Taiwanese businesses to return and list on the local bourse would also be a priority, he said.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
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