Taiwan’s leading aerospace company said on Saturday it will vie for contracts to participate in a large passenger aircraft development program announced by China’s state-run Commercial Aircraft Corp of China (CACC, 中國商用飛機公司).
“If we are awarded contracts to manufacture and design parts of the aircrafts, it would be a great benefit to Taiwan’s 55 aerospace-related companies,” Aerospace Industrial Development Corp (AIDC, 漢翔航空) chairman Shung Yeou-kuang (邢有光) said.
The CACC’s commercial aircraft development project, called Comac 919, aims to build an up-to-190-seater C919 by 2014.
The Shanghai company said it plans to holf its first flight in late 2014 and enter into service in 2016.
The Comac 919 project has attracted the attention of the world’s leading aircraft manufacturers such as Boeing and Airbus, as well as jet engine manufacturer GE, with the companies vying for contracts, Shung said.
Rebutting some legislators’ concerns that as the main fighter jets manufacturer for Taiwan’s air force, AIDC’s participation in the Comac 919 project could pose threats to Taiwan’s national defense, Shung said the company has developed mature technology in aircraft structural designs and there should not be worries about leaks of its core national defense technologies.
Shung said, however, that the company would not do business with Chinese companies without receiving approval from the government.
“Everything has to go with the government policies,” Shung said.
The AIDC has filed a proposal with the Ministry of Economic Affairs to participate in China’s project. The proposal was handed over to the Executive Yuan for review, Shung said.
If the AIDC gets government approval and is awarded the Comac 919 contracts, it will be the first time the aerospace firm will do business in China.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
Industrial production expanded 22.31 percent annually last month to 107.51, as increases in demand for high-performance computing (HPC) and artificial intelligence (AI) applications drove demand for locally-made chips and components. The manufacturing production index climbed 23.68 percent year-on-year to 108.37, marking the 14th consecutive month of increase, the Ministry of Economic Affairs said. In the first four months of this year, industrial and manufacturing production indices expanded 14.31 percent and 15.22 percent year-on-year, ministry data showed. The growth momentum is to extend into this month, with the manufacturing production index expected to rise between 11 percent and 15.1 percent annually, Department of Statistics
An earnings report from semiconductor giant and artificial intelligence (AI) bellwether Nvidia Corp takes center stage for Wall Street this week, as stocks hit a speed bump of worries over US federal deficits driving up Treasury yields. US equities pulled back last week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the US government’s US$36 trillion in debt. Long-dated US Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5 percent and hitting its highest level since late 2023. Stocks were dealt another blow on Friday when US President Donald
RSS