Shin Kong Mitsukoshi Department Store Co (新光三越) yesterday sealed a deal with the Bureau of High Speed Rail to lease a building at Zuoying Station in Kaohsiung to turn it into a shopping complex.
The nation’s leading chain department store, which won the 10-year operate-transfer (OT) contract last week for NT$505 million (US$15.6 million), will turn the building into a department store, which is slated to open next spring.
The deal will add 4.5 ping (15m²) of floor space to an adjacent Shin Kong department store that has 260,000 ping of floor space and is also due to open next spring.
Wu Tung-hsing (吳東興), chairman of the department store, said he hoped the OT project would enable his company to better serve residents of northern Kaohsiung.
The government-owned building, located between high-speed rail and mass rapid transit stations in Zuoying, has five stories above ground and two stories below ground. The MRT and high-speed rail stations are connected to it underground.
Chang Tze-yu (張子裕), deputy director of the station area development division at the bureau, said the OT project was part of a transit-oriented development plan to generate revenues and boost prosperity near high-speed rail stations. In the contract, the company may extend the lease by five years if it makes a profit in four of the contract’s 10 years.
Wu Nai-tzu (吳奈慈), regional director at Jones Land LaSalle, a property consulting firm, said the transaction promised a fair profitability outlook in light of heavy passenger traffic flow and scarce retail competition in the area.
SEMICONDUCTOR SERVICES: A company executive said that Taiwanese firms must think about how to participate in global supply chains and lift their competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it expects to launch its first multifunctional service center in Pingtung County in the middle of 2027, in a bid to foster a resilient high-tech facility construction ecosystem. TSMC broached the idea of creating a center two or three years ago when it started building new manufacturing capacity in the US and Japan, the company said. The center, dubbed an “ecosystem park,” would assist local manufacturing facility construction partners to upgrade their capabilities and secure more deals from other global chipmakers such as Intel Corp, Micron Technology Inc and Infineon Technologies AG, TSMC said. It
NO BREAKTHROUGH? More substantial ‘deliverables,’ such as tariff reductions, would likely be saved for a meeting between Trump and Xi later this year, a trade expert said China launched two probes targeting the US semiconductor sector on Saturday ahead of talks between the two nations in Spain this week on trade, national security and the ownership of social media platform TikTok. China’s Ministry of Commerce announced an anti-dumping investigation into certain analog integrated circuits (ICs) imported from the US. The investigation is to target some commodity interface ICs and gate driver ICs, which are commonly made by US companies such as Texas Instruments Inc and ON Semiconductor Corp. The ministry also announced an anti-discrimination probe into US measures against China’s chip sector. US measures such as export curbs and tariffs
The US on Friday penalized two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker, Semiconductor Manufacturing International Corp (SMIC, 中芯國際), including them among 32 entities that were added to the US Department of Commerce’s restricted trade list, a US government posting showed. Twenty-three of the 32 are in China. GMC Semiconductor Technology (Wuxi) Co (吉姆西半導體科技) and Jicun Semiconductor Technology (Shanghai) Co (吉存半導體科技) were placed on the list, formally known as the Entity List, for acquiring equipment for SMIC Northern Integrated Circuit Manufacturing (Beijing) Corp (中芯北方積體電路) and Semiconductor Manufacturing International (Beijing) Corp (中芯北京), the US Federal Register posting said. The
India’s ban of online money-based games could drive addicts to unregulated apps and offshore platforms that pose new financial and social risks, fantasy-sports gaming experts say. Indian Prime Minister Narendra Modi’s government banned real-money online games late last month, citing financial losses and addiction, leading to a shutdown of many apps offering paid fantasy cricket, rummy and poker games. “Many will move to offshore platforms, because of the addictive nature — they will find alternate means to get that dopamine hit,” said Viren Hemrajani, a Mumbai-based fantasy cricket analyst. “It [also] leads to fraud and scams, because everything is now
RSS