TELECOMS
FIH India workers arrested
Nearly 200 employees at a factory operated by FIH Mobile Ltd (富智康), a subsidiary of Hon Hai Precision Industry Co (鴻海精密), were arrested on Monday for trying to force their way into the plant in Sriperumbudur Taluk, India, after production was suspended last week. It was the second attempt at a forced entry into the facility after a similar attempt by hundreds of employees on Tuesday last week, according to the Press Trust of India. Three rounds of tripartite talks were held in the presence of Sriperumbudur’s labor commissioner, but they had yet to reach any conclusions, the report said. A fourth round of talks was scheduled to take place today.
INVESTMENT
Delegation to visit India
Taiwan will send a delegation composed of officials from the ministries of economic and foreign affairs and business representatives to an investment summit in India next month, the Ministry of Foreign Affairs said yesterday. “The business representatives on the delegation are mainly from the electronics, shipbuilding and textile industries,” Department of East Asian and Pacific Affairs Director-General Elliott Charng (常以立) said at a news conference. The delegation is scheduled to visit India from Jan. 10 to Jan. 14, and the investment summit is to be held from Jan. 11 to Jan. 13 in the state of Gujarat, Charng said.
FOUNDATIONS
Chang Gung names chair
Chang Gung Medical Foundation (長庚醫療) yesterday appointed Lee Pao-chu (李寶珠), the third wife of Formosa Plastics Group (FPG, 台塑集團) cofounder Wang Yung-ching (王永慶), as chairperson, replacing Wang Yung-tsai (王永在), the foundation said in a statement. Known for its operation of Chang Gung Memorial Hospital, the foundation is one of the group’s nonprofit organizations as well as its investment arm. Wang Yung-tsai, another cofounder of the group and a younger brother of the late Wang Yung-ching, passed away on Nov. 27.
TRAVEL
Richmond plans listing
Richmond International Travel & Tour Co (山富旅遊) yesterday said the company is seeking to list on the Emerging Stock Market, which is a preparatory board for the nation’s two main bourses, the Taiwan Stock Exchange and the GRETAI Securities Market. The company said in a statement that its board had authorized chairman Chico Chen (陳國森) to negotiate terms with potential underwriters and proceed with the planned market debut with the stock exchange regulator. No specific date has been set for the debut.
HOUSEWARES
Xiaomi working on purifier
Xiaomi Corp (小米) is working on a water purifier as it expands its range of home products that can be controlled over the Internet, an early investor in the company said. The company has shown some backers a prototype of the new purifier, said Jenny Lee, managing partner at GGV Capital, an early investor in China’s largest smartphone vendor. Xiaomi spokeswoman Joy Han declined to comment on products that have not been announced. Xiaomi founder and chief executive officer Lei Jun (雷軍) said on Monday that the company would unveil a new “flagship product” next month, without supplying further details. GGV’s Lee did not say if the water purifier would be that product.
SEMICONDUCTOR SERVICES: A company executive said that Taiwanese firms must think about how to participate in global supply chains and lift their competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it expects to launch its first multifunctional service center in Pingtung County in the middle of 2027, in a bid to foster a resilient high-tech facility construction ecosystem. TSMC broached the idea of creating a center two or three years ago when it started building new manufacturing capacity in the US and Japan, the company said. The center, dubbed an “ecosystem park,” would assist local manufacturing facility construction partners to upgrade their capabilities and secure more deals from other global chipmakers such as Intel Corp, Micron Technology Inc and Infineon Technologies AG, TSMC said. It
People walk past advertising for a Syensqo chip at the Semicon Taiwan exhibition in Taipei yesterday.
NO BREAKTHROUGH? More substantial ‘deliverables,’ such as tariff reductions, would likely be saved for a meeting between Trump and Xi later this year, a trade expert said China launched two probes targeting the US semiconductor sector on Saturday ahead of talks between the two nations in Spain this week on trade, national security and the ownership of social media platform TikTok. China’s Ministry of Commerce announced an anti-dumping investigation into certain analog integrated circuits (ICs) imported from the US. The investigation is to target some commodity interface ICs and gate driver ICs, which are commonly made by US companies such as Texas Instruments Inc and ON Semiconductor Corp. The ministry also announced an anti-discrimination probe into US measures against China’s chip sector. US measures such as export curbs and tariffs
The US on Friday penalized two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker, Semiconductor Manufacturing International Corp (SMIC, 中芯國際), including them among 32 entities that were added to the US Department of Commerce’s restricted trade list, a US government posting showed. Twenty-three of the 32 are in China. GMC Semiconductor Technology (Wuxi) Co (吉姆西半導體科技) and Jicun Semiconductor Technology (Shanghai) Co (吉存半導體科技) were placed on the list, formally known as the Entity List, for acquiring equipment for SMIC Northern Integrated Circuit Manufacturing (Beijing) Corp (中芯北方積體電路) and Semiconductor Manufacturing International (Beijing) Corp (中芯北京), the US Federal Register posting said. The
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