Taiwan Land Development Corp (TLDC, 台灣土地開發) is seeking to transform its business model by expanding into the creative industry, as land development is likely to see another tough year, chairman Chiu Fu-sheng (邱復生) said yesterday.
“It is time to adopt a new business strategy to meet the needs of an ever-changing society,” said Chiu, whose company in June last year teamed up with Canada-based Cameron Thomson Group to build a studio park in Hualien County, with a view to making it a local version of Hollywood.
It secured a partnership with WPC Media Services five months later to set up a digital data bank to serve media and entertainment companies at more competitive costs.
Digitalization and innovation can work hand in hand with real-estate development in the pursuit of better living quality, Chiu said.
Toward the end, TLDC, which used to focus on the development of government-owned industrial parks, plan to introduce creative, digital and leisure elements to four existing development projects in Hsinchu, Hualien and Kinmen, he said.
Last week, TLDC celebrated the presence of sports brands Nike, New Balance, PUMA and Converse at Kinmen’s Wind Lion Plaza (風獅城), a build-operate-transfer project with the county government, Chiu said.
The move is TLDC’s latest bid to turn the plaza into a shopping haven for tourists from Taiwan, China and elsewhere using the “three small links” transport route, he said.
Retailers from China have voiced interest in setting up outlets in the plaza, attracted by its relatively low rent and duty-free business potential, Chiu said.
In addition, TLDC plans to boost the appeal of its Hsinpu Smart Park in Hsinchu by launching a peacock garden over the Lunar New Year holiday, he said.
The company owns a large plot of land in Hsinpu where the developer plans to build boutique hotels, service apartments and Hakka-style villas, flanked with a farm and tea garden on either side to provide the feeling of peace and harmony with the environment.
TLDC will also continue to develop Hualien Creative Park and a residential complex the Huilanwan Sunrise Village, Chiu said.
The former project includes a movie theater, a hotel, a cultural museum, a conference center and other facilities, while the latter offers “green,” “smart” apartments equipped with the latest technology devices and services.
“All TLDC projects mean to answer people’s longing to retire free and happy,” Chiu said.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip
RSS