Cheng Uei Precision Industry Co (正崴), an electronics component supplier, said yesterday it is entering the solar energy business to tap into the growing “green” energy market at home and abroad.
Cheng Uei, also known by its brand name Foxlink, is to engage in the production of solar power generation equipment for roofs through subsidiary Shinfox Corp (星崴), in response to the government’s call to develop renewable energy, said Cheng Uei chairman Gou Tai-chiang (郭台強), a younger brother of Hon Hai Group chairman Terry Gou (郭台銘).
Gou Tai-chiang said Shinfox would work with the National Yunlin University of Science and Technology on solar energy development, and they also plan to team up on wind-energy development.
Shinfox president Wilson Hu (胡惠森) said his company and the university would build a 1 megawatt solar power plant on campus with the ability to produce more than 1.3 million kilowatt hours of electricity a year.
Hu said Shinfox and the university are scheduled to sign an agreement on the project later this month.
Shinfox is a power-management service provider to the electricity industry, specializing in products for smart grid solutions, such as smart meters and wireless control equipment, according to Cheng Uei’s Web site.
Hu said Shinfox has worked with a Chinese partner in wind-power development there and aims to set up wind-power generation facilities in Taiwan.
He said in addition to the power generation business, Shinfox would cooperate with department stores, hospitals and shopping malls to develop ways to cut carbon emissions and improve energy efficiency.
Cheng Uei is gearing up to diversify its business from connector production to consumer-electronics distribution. The company operates the Studio A (晶實科技) chain selling Apple Inc’s products in Asia, including Taiwan, China and Hong Kong.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day