ELECTRONICS
LED penetration to hit 23%
The global market penetration rate of LED commercial lighting will soar this year amid growing popularity of the product, LEDinside said in a recent research note, adding that the growth of the global LED commercial lighting market penetration rate will reach 23 percent by the end of the year. The global LED tube market totaled US$2.58 billion last year and will increase substantially to US$8.87 billion by 2018, with Europe, North America and China set to become major markets within the next five years, the market researcher said. Manufacturers should grab this opportunity and improve their products, such as boosting luminous efficacy, lifespan and light quality, LEDinside said. Luminous efficiency, lighting uniformity, color rendering and lifespan are still considered key technologies, it added.
FOOD
Show draws 1,500 exhibitors
This year’s annual Taipei International Food Show, scheduled to open on June 25, has attracted more than 1,500 local and foreign exhibitors occupying more than 3,700 booths, the Taiwan External Trade Development Council (TAITRA) said yesterday in a statement. The four-day event, which coincides with four other related packaging, processing, machinery and halal food shows, will run until June 28 at the Taipei World Trade Center Nangang Exhibition Hall and Exhibition Hall 1. It is expected to attract more than 6,500 international buyers and 58,000 local visitors, TAITRA said. Each day between 1pm and 2pm, there will be promotions for 30 national pavilions, the organizers said. In addition to new product launches, the organizers will also host cooking shows and other promotional activities during the show.
Mercuries Life Insurance Co (三商美邦人壽) shares surged to a seven-month high this week after local media reported that E.Sun Financial Holding Co (玉山金控) had outbid CTBC Financial Holding Co (中信金控) in the financially strained insurer’s ongoing sale process. Shares of the mid-sized life insurer climbed 5.8 percent this week to NT$6.72, extending a nearly 18 percent rally over the past month, as investors bet on the likelihood of an impending takeover. The final round of bidding closed on Thursday, marking a critical step in the 32-year-old insurer’s search for a buyer after years of struggling to meet capital adequacy requirements. Local media reports
US sports leagues rushed to get in on the multi-billion US dollar bonanza of legalized betting, but the arrest of an National Basketball Association (NBA) coach and player in two sprawling US federal investigations show the potential cost of partnering with the gambling industry. Portland Trail Blazers coach Chauncey Billups, a former Detroit Pistons star and an NBA Hall of Famer, was arrested for his alleged role in rigged illegal poker games that prosecutors say were tied to Mafia crime families. Miami Heat guard Terry Rozier was charged with manipulating his play for the benefit of bettors and former NBA player and
TECHNOLOGICAL RIVALRY: The artificial intelligence chip competition among multiple players would likely intensify over the next two years, a Quanta official said Quanta Computer Inc (廣達), which makes servers and laptops on a contract basis, yesterday said its shipments of artificial intelligence (AI) servers powered by Nvidia Corp’s GB300 chips have increased steadily since last month, should surpass those of the GB200 models this quarter. The production of GB300 servers has gone much more smoothly than that of the GB200, with shipments projected to increase sharply next month, Quanta executive vice president Mike Yang (楊麒令) said on the sidelines of a technology forum in Taipei. While orders for GB200 servers gradually decrease, the production transition between the two server models has been
The DBS Foundation yesterday announced the launch of two flagship programs, “Silver Motion” and “Happier Caregiver, Healthier Seniors,” in partnership with CCILU Ltd, Hondao Senior Citizens’ Welfare Foundation and the Garden of Hope Foundation to help Taiwan face the challenges of a rapidly aging population. The foundation said it would invest S$4.91 million (US$3.8 million) over three years to foster inclusion and resilience in an aging society. “Aging may bring challenges, but it also brings opportunities. With many Asian markets rapidly becoming super-aged, the DBS Foundation is working with a regional ecosystem of like-minded partners across the private, public and people sectors
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