The Ministry of Finance yesterday appointed Chunghwa Post Co Ltd (中華郵政) chairwoman Lee Jih-chu (李紀珠) as the new chairwoman of Taiwan Financial Holding Co (台灣金控), effective on Friday.
Lee will also serve as the chairwoman of Bank of Taiwan (台灣銀行), the banking arm of Taiwan Financial, the nation’s largest state-owned financial services provider, the ministry said.
The 53-year-old Lee serves as former vice chairperson of the Financial Supervisory Commission before leaving to head the state-run postal company in February.
She is to succeed William Tseng (曾銘宗), who was recently named by Premier Jiang Yi-huah (江宜樺) to replace Chen Yuh-chang (陳裕璋) at the helm of the commission.
Separately, the Fair Trade Commission (FTC) yesterday approved Yuanta Financial Holdings Co’s (元大金控) application to acquire New York Life Insurance Taiwan Corp for NT$100 million (US$3.34 million).
The FTC said the deal will not hinder competition in the life insurance sector because New York Life has a low market share.
The deal is still pending the approval of the Financial Supervisory Commission, which rejected an earlier proposal by Taishin Financial Holding Co (台新金控) to take over the insurance company for the same price over concerns about the soundness of Taishin’s financials.
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied
Huawei Technologies Co (華為) said it has come up with a new pathway to shorten its gap with industry leader Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), potentially achieving a breakthrough in making advanced semiconductors without cutting-edge equipment. Right now there is about a five-year gap between what TSMC is capable of and what Huawei, together with its manufacturing partner Semiconductor Manufacturing International Corp (中芯), can produce. Huawei is to start making 1.4-nanometer chips by 2031 with its own “LogicFolding” technology, Huawei semiconductor chief He Tingbo (何庭波) said in a rare public appearance during a chip conference yesterday, while TSMC has
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