TransAsia Airways Corp (TNA, 復興航空) chairman Vincent Lin (林明昇) yesterday called for the launch of the nation’s first low-cost carrier (LCC) to develop the airline industry.
Lin said the government should encourage the nation’s three listed air carriers — TNA, China Airlines Ltd (CAL, 中華航空) and EVA Airways Corp (EVA, 長榮航空) — to form a joint venture LCC.
“Currently, the LCC market lacks a Taiwanese brand,” Lin said while giving a speech at the Institute of Transportation, which is affiliated with the Ministry of Transportation and Communications.
Lin said Taiwan has been showing solid demand for LCC business, with various budget airlines in Asia launching routes between Taiwan and major Asian cuntries, such as Japan, South Korea, Singapore and Malaysia, in the past few years.
However, because there is no Taiwanese LCC brand, the nation is not benefiting from this development, and in the long-run, this will have a negative impact on Taiwan’s aviation industry, Lin said.
Besides relaxing the rules, the best way for the nation to launch a Taiwanese budget air carrier is for the government and private companies to form a joint venture, Lin added.
Lin said the China Aviation Development Foundation (CADF, 中華航空事業發展基金會) — the biggest shareholder in CAL — should lead the nation’s three major air carriers in building a joint LCC.
WASHINGTON’S INCENTIVES: The CHIPS Act set aside US$39 billion in direct grants to persuade the world’s top semiconductor companies to make chips on US soil The US plans to award more than US$6 billion to Samsung Electronics Co, helping the chipmaker expand beyond a project in Texas it has already announced, people familiar with the matter said. The money from the 2022 CHIPS and Science Act would be one of several major awards that the US Department of Commerce is expected to announce in the coming weeks, including a grant of more than US$5 billion to Samsung’s rival, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), people familiar with the plans said. The people spoke on condition of anonymity in advance of the official announcements. The federal funding for
HIGH DEMAND: The firm has strong capabilities of providing key components including liquid cooling technology needed for AI servers, chairman Young Liu said Hon Hai Precision Industry Co (鴻海精密) yesterday revised its revenue outlook for this year to “significant” growth from a “neutral” view forecast five months ago, due to strong demand for artificial intelligence (AI) servers from cloud service providers. Hon Hai, a major assembler of iPhones that is also known as Foxconn, expects AI server revenues to soar more than 40 percent annually this year, chairman Young Liu (劉揚偉) told investors. The robust growth would uplift revenue contribution from AI servers to 40 percent of the company’s overall server revenue this year, from 30 percent last year, Liu said. In the three-year period
LONG HAUL: Largan Energy Materials’ TNO-based lithium-ion batteries are expected to charge in five minutes and last about 20 years, far surpassing conventional technology Largan Precision Co (大立光) has formed a joint venture with the Industrial Technology Research Institute (ITRI, 工研院) to produce fast-charging, long-life lithium-ion batteries for electric vehicles, mobile electronics and electric storage units, the camera lens supplier for Apple Inc’s iPhones said yesterday. Largan Energy Materials Co (萬溢能源材料), established in January, is developing high-energy, fast-charging, long-life lithium-ion batteries using titanium niobium oxide (TNO) anodes, it said. TNO-based batteries can be fully charged in five minutes and have a lifespan of 20 years, a major advantage over the two to four hours of charging time needed for conventional graphite-anode-based batteries, Largan said in a
Taiwan is one of the first countries to benefit from the artificial intelligence (AI) boom, but because that is largely down to a single company it also represents a risk, former Google Taiwan managing director Chien Lee-feng (簡立峰) said at an AI forum in Taipei yesterday. Speaking at the forum on how generative AI can generate possibilities for all walks of life, Chien said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) — currently among the world’s 10 most-valuable companies due to continued optimism about AI — ensures Taiwan is one of the economies to benefit most from AI. “This is because AI is