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.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. However, while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs. Chinese content creators who portray themselves as workers or subcontractors in the luxury goods business claim that Beijing has lifted confidentiality clauses on local subcontractors as a way to respond to the huge hike in customs duties imposed on China by US President Donald Trump. They say this Chinese decision, of which Agence
RSS