Minister of Finance Chang Sheng-ford (張盛和) confirmed yesterday the ministry would tap national policy advisor Christina Sung (宋文琪) to be the new chairperson of Taipei Financial Center Corp (TFCC, 台北金融大樓公司), the firm which owns the Taipei 101 skyscraper.
The ministry is scheduled to submit the appointment to the Cabinet for review as early as next week, he said.
Sung would officially take up the position as early as the middle of next month after the company holds a board meeting and a shareholders’ meeting to approve her appointment.
“She [Sung] is a very talented person, with an extraordinary and solid background and lots of experience,” Chang said by telephone yesterday.
Sung, who is especially known for her expertise in the mutual fund business, is a veteran of the financial industry, especially in the foreign investment consulting sector.
She has previously served as the chairperson of JF Taiwan Ltd (怡富證券投資顧問), as head of JPMorgan Asset Management Taiwan (摩根富林明投信) and as head of HSBC Asset Management in Taiwan.
A ministry official, who asked not to be named, told the Taipei Times that Sung’s solid experience in the financial sector was the major reason behind her appointment. The ministry hopes her experience could help attract more foreign tenants to Taipei 101, the official added.
The ministry was forced to the search for a suitable candidate to lead TFCC after Harace Lin (林鴻明), the former chairman, was taken into custody by Taipei prosecutors on Sept. 27 on fraud charges.
State-owned funds and enterprises hold about a 44 percent stake in TFCC, while Ting Hsin International Group (頂新集團) holds 37 percent.
Wei Ying-chiao (魏應交), chairman of Ting Hsin, which owns Taiwan’s Wei Chuan Foods Corp (味全) and the Master Kong (康師傅) instant-noodle brand in China, is the vice chairman of TFCC.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
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
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
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],”