Minister of Economic Affairs Yiin Chii-ming (尹啟銘) yesterday confirmed that Premier Liu Chao-shiuan (劉兆玄) has named Shih Yen-shiang (施顏祥) as the new chairman of CPC Corp, Taiwan (CPC, 台灣中油).
Yiin said that in line with the ministry’s continuing efforts to modernize the state-run oil refinery, he believed that Shih was the right person to steer the troubled enterprise back to profitability.
“Multiple tasks await Shih such as the renewal project of the third naphtha cracker complex, development of the Kuo Kuang Petrochemical Park and the eventual privatization of CPC,” Yiin said.
Shih, currently a vice minister of economic affairs, will replace outgoing chairman Pan Wenent (潘文炎), who had offered to resign twice — on Dec. 16 and on Jan. 12.
The ministry didn’t say when Shih would formally take CPC’s helm. Speculation abound as to who will be appointed to take Shih’s position as vice minister.
Yiin declined to comment, saying no arrangements have been made at this point.
Shih has worked in various capacities since 1986 at the MOEA, the ministry’s Web site said.
Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Monday introduced the company’s latest supercomputer platform, featuring six new chips made by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), saying that it is now “in full production.” “If Vera Rubin is going to be in time for this year, it must be in production by now, and so, today I can tell you that Vera Rubin is in full production,” Huang said during his keynote speech at CES in Las Vegas. The rollout of six concurrent chips for Vera Rubin — the company’s next-generation artificial intelligence (AI) computing platform — marks a strategic
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,
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
US President Donald Trump on Friday blocked US photonics firm HieFo Corp’s US$3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore Corp, citing national security and China-related concerns. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s businesses led the US president to believe that it might “take action that threatens to impair the national security of the United States.” The order did not name the person or detail Trump’s concerns. “The Transaction is hereby prohibited,”
RSS