Tatung University president Chu Wen-chen (朱文成) yesterday became the first outsider to become Taiwan Power Co’s (Taipower, 台電) president in the state-run company’s 60-year history, but he is facing a long list of challenges.
These challenges include the controversial construction of the Fourth Nuclear Power Plant in Gongliao District (貢寮), New Taipei City (新北市), losses of NT$193.6 billion (US$6.56 billion) and the rising cost of fuel and electricity.
“Taipower must operate more efficiently to rebuild its broken image,” Vice Minister of Economic Affairs Francis Liang (梁國新) said yesterday at a handover ceremony.
Photo: CNA
“We expect Chu to run Taipower from a new perspective and with a new approach,” Liang said.
Chu replaced Lee Han-shen (李漢申), who retired yesterday.
Chu said he agreed with Lee’s business philosophy that Taipower should operate effectively to achieve sales growth without being hindered by a bureaucratic system.
“Taipower is in the service sector, not the manufacturing sector. Taipower’s duty is to provide satisfactory service to its customers. The company should work to achieve this goal,” Chu said.
Chu said his priority after taking office is to improve communication with the public.
Taipower needs to publicize information about electricity supplies as soon as possible to clarify misunderstandings, he added.
“Taipower has to fix many of the ways its business performs, but it was never as bad as some have claimed,” Chu said.
Asked by reporters for his views on the Fourth Nuclear Power Plant, Chu said: “Taipower will seek alternative solutions if a referendum shows a majority of people do not want a new nuclear power plant.”
“We don’t mean to threaten the society. The problem is that if the Fourth Nuclear Power Plant does not become operational, everyone will have to suffer an electricity supply constraint, but we are confident we could solve the problem,” Chu said.
Chu said he would demand that Taipower employees do not collude with contractors, adding that if anything illegal is discovered, the company would report the matter to prosecutors immediately.
RUN IT BACK: A succesful first project working with hyperscalers to design chips encouraged MediaTek to start a second project, aiming to hit stride in 2028 MediaTek Inc (聯發科), the world’s biggest smartphone chip supplier, yesterday said it is engaging a second hyperscaler to help design artificial intelligence (AI) accelerators used in data centers following a similar project expected to generate revenue streams soon. The first AI accelerator project is to bring in US$1 billion revenue next year and several billion US dollars more in 2027, MediaTek chief executive officer Rick Tsai (蔡力行) told a virtual investor conference yesterday. The second AI accelerator project is expected to contribute to revenue beginning in 2028, Tsai said. MediaTek yesterday raised its revenue forecast for the global AI accelerator used
TEMPORARY TRUCE: China has made concessions to ease rare earth trade controls, among others, while Washington holds fire on a 100% tariff on all Chinese goods China is effectively suspending implementation of additional export controls on rare earth metals and terminating investigations targeting US companies in the semiconductor supply chain, the White House announced. The White House on Saturday issued a fact sheet outlining some details of the trade pact agreed to earlier in the week by US President Donald Trump and Chinese President Xi Jinping (習近平) that aimed to ease tensions between the world’s two largest economies. Under the deal, China is to issue general licenses valid for exports of rare earths, gallium, germanium, antimony and graphite “for the benefit of US end users and their suppliers
Dutch chipmaker Nexperia BV’s China unit yesterday said that it had established sufficient inventories of finished goods and works-in-progress, and that its supply chain remained secure and stable after its parent halted wafer supplies. The Dutch company suspended supplies of wafers to its Chinese assembly plant a week ago, calling it “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms,” Reuters reported on Friday last week. Its China unit called Nexperia’s suspension “unilateral” and “extremely irresponsible,” adding that the Dutch parent’s claim about contractual payment was “misleading and highly deceptive,” according to a statement
Artificial intelligence (AI) giant Nvidia Corp’s most advanced chips would be reserved for US companies and kept out of China and other countries, US President Donald Trump said. During an interview that aired on Sunday on CBS’ 60 Minutes program and in comments to reporters aboard Air Force One, Trump said only US customers should have access to the top-end Blackwell chips offered by Nvidia, the world’s most valuable company by market capitalization. “The most advanced, we will not let anybody have them other than the United States,” he told CBS, echoing remarks made earlier to reporters as he returned to Washington