President Chain Store Corp (統一超商), the nation’s largest convenience store operator, which runs more than 4,000 7-Eleven stores, yesterday said it would seek to enter the gas station market.
The company said it would introduce the combined 7-Eleven and gas station from the US to Taiwan, making it the first convenience store chain to open gas stations in Taiwan and marking an important step for the development of 7-Eleven in Asia.
The model will be replicated in other Asian countries.
Lillian Lin (林立莉), public relations manager at President Chain Store, said by telephone yesterday that state-owned oil refiner CPC Corp, Taiwan (CPC, 台灣中油) would be the company’s oil supplier.
More details will be announced by company officials at a press conference to mark the company’s 30th anniversary on Tuesday, Lin said.
Separately, prices of domestic gasoline and diesel will go down by NT$1.3 and NT$1.4 per liter respectively today, to reflect declining international crude oil prices.
Oil prices fell to an average of US$98.97 a barrel this week.
CPC and Formosa Petrochemical Corp (台塑石化) lowered prices by the same amount.
After the price adjustment, CPC’s 98-octane unleaded gasoline is NT$32.8 per liter, 95-octane unleaded gasoline NT$31.3, 92-octane unleaded gasoline NT$30.6 and diesel NT$28.2.
RUN IT BACK: A succesful first project working with hyperscalers to design chips encouraged MediaTek to start a second project, aiming to hit stride in 2028 MediaTek Inc (聯發科), the world’s biggest smartphone chip supplier, yesterday said it is engaging a second hyperscaler to help design artificial intelligence (AI) accelerators used in data centers following a similar project expected to generate revenue streams soon. The first AI accelerator project is to bring in US$1 billion revenue next year and several billion US dollars more in 2027, MediaTek chief executive officer Rick Tsai (蔡力行) told a virtual investor conference yesterday. The second AI accelerator project is expected to contribute to revenue beginning in 2028, Tsai said. MediaTek yesterday raised its revenue forecast for the global AI accelerator used
TEMPORARY TRUCE: China has made concessions to ease rare earth trade controls, among others, while Washington holds fire on a 100% tariff on all Chinese goods China is effectively suspending implementation of additional export controls on rare earth metals and terminating investigations targeting US companies in the semiconductor supply chain, the White House announced. The White House on Saturday issued a fact sheet outlining some details of the trade pact agreed to earlier in the week by US President Donald Trump and Chinese President Xi Jinping (習近平) that aimed to ease tensions between the world’s two largest economies. Under the deal, China is to issue general licenses valid for exports of rare earths, gallium, germanium, antimony and graphite “for the benefit of US end users and their suppliers
Dutch chipmaker Nexperia BV’s China unit yesterday said that it had established sufficient inventories of finished goods and works-in-progress, and that its supply chain remained secure and stable after its parent halted wafer supplies. The Dutch company suspended supplies of wafers to its Chinese assembly plant a week ago, calling it “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms,” Reuters reported on Friday last week. Its China unit called Nexperia’s suspension “unilateral” and “extremely irresponsible,” adding that the Dutch parent’s claim about contractual payment was “misleading and highly deceptive,” according to a statement
Artificial intelligence (AI) giant Nvidia Corp’s most advanced chips would be reserved for US companies and kept out of China and other countries, US President Donald Trump said. During an interview that aired on Sunday on CBS’ 60 Minutes program and in comments to reporters aboard Air Force One, Trump said only US customers should have access to the top-end Blackwell chips offered by Nvidia, the world’s most valuable company by market capitalization. “The most advanced, we will not let anybody have them other than the United States,” he told CBS, echoing remarks made earlier to reporters as he returned to Washington
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