Kuo Hua Life Insurance Co (國華人壽) did not receive any termination of contract requests from its 2 million policyholders yesterday, its first day under government receivership, a company executive said.
“Our operations are normal except that we’ve received more calls from policyholders asking about their rights,” said the executive who requested anonymity.
The Financial Supervisory Commission has promised to clean up the company’s debts in nine months, which has helped ease panic among policyholders, he said by telephone.
Taipei-based Kuo Hua had a negative net value of NT$57.9 billion at the end of June. The insurer’s takeover by the government was the first of its kind in 40 years.
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MediaTek Inc (聯發科), which designs chips used in mobile phones, yesterday launched its new 5G Dimensity 820 system-on-chip (SoC), targeting mid-range to high-end smartphones. The company expects the penetration of 5G technology to gain pace quickly this year and not be affected too much by the COVID-19 pandemic. MediaTek said it aims to expand its 5G chip portfolio this year to cover phones of varying prices after it shipped its first 5G SoC, the Dimensity 1000, last quarter. The Dimensity 820, made by Taiwan Semiconductor Manufacturing Co (台積電) on 7-nanometer technology, is designed for mid-range to high-end 5G phones. MediaTek expects to infiltrate the
TV and online retailer Momo.com Inc (富邦媒體) yesterday said it has set up a new logistics subsidiary, Fu Sheng Logistics Co (富昇物流), to oversee the company’s extensive shipping operations. Leveraging Momo’s 23 satellite warehouses and distribution centers nationwide, Fu Sheng will be in charge of executing the retailer’s same-day shipment plan for deliveries in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, Momo said in a press release. Seeking to further shorten its supply chain, the company is to set up another seven satellite warehouses and distribution centers by the end of the year. “Fu Sheng has a fleet of 200 couriers
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