STOCK MARKET
TWSE approves chairman
The the Taiwan Stock Exchange’s (TWSE) board of directors on Friday approved the appointment of former minister without portfolio Hsu Chang-yao (許璋瑤) as its chairman. The 66-year-old Hsu from 2004 to 2008 served as head of the Directorate-General of Budget, Accounting and Statistics, and was named minister without portfolio in charge of accounting, statistics and financial affairs in May last year. The government had been looking for a new chairman for the exchange since former chairman Shih Jun-ji (施俊吉) became vice premier in September.
ENERGY
New CPC chair appointed
The Ministry of Economic Affairs on Friday appointed Southern Taiwan University of Science and Technology principal Tai Chein (戴謙) to lead CPC Corp, Taiwan (CPC, 台灣中油). The state-run oil refiner is scheduled to convene a board meeting today to officially elect Tai as chairman, the ministry said. Tai was formerly vice minister of the National Science Council before he became principal of the university in August 2007. The ministry said Tai’s appointment reflects his expertise in science and his management capabilities.
AVIATION
CAL partners with Airbus
Airbus SE has chosen China Airlines Ltd (CAL, 中華航空) to become one of its maintenance, repair and overhaul suppliers in Asia, a press release said on Thursday. CAL senior vice president Houng Wang (王宏) said the company will also provide aircraft conversion services for the European firm. After opening a new hangar next year, Wang said the company is confident that its growing capabilities will offer comprehensive solutions to support Airbus aircraft in Taiwan.
Micron Memory Taiwan and a union representing workers at its Taichung operations today said they had signed a labor-management agreement covering multiple issues, prompting both sides to withdraw from mediation scheduled for tomorrow. The joint statement did not disclose the terms of the agreement, saying the company and the union would separately communicate details to affected employees in the coming days. Idaho-based Micron, the world's third-largest memory chipmaker, employs about 15,000 people in Taiwan, a key manufacturing base where it produces DRAM and high-bandwidth memory chips used in artificial intelligence (AI) servers. Any disruption to Micron's Taiwan operations could affect already strained global
China proposed adding advanced artificial intelligence (AI) technologies to its export-control list, potentially restricting overseas transfers of AI models and chip designs in an effort to keep closer control over homegrown advancements in a strategically important sector. The draft proposal covers 23 AI technologies, including large language models, agents, chip designs and computing clusters. Restricted technologies would include model weights and source code for products exceeding certain performance thresholds. Chinese AI startups have this summer made significant progress in closing the gap on US industry leaders. Models such as Moonshot (月之暗面) AI’s Kimi K3 and DeepSeek’s (深度求索) latest editions offer better pricing,
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is suspending some construction work after an accident at one of its building sites in southern Taiwan led to the deaths of four workers. The incident took place on Tuesday during steel structure construction at TSMC’s Fab 22 in Kaohsiung, the company said. Workers fell from a height while performing steel structure hoisting and installation, a report from the Central News Agency said. A cause might be aged bolts, it said, citing a preliminary assessment by the Southern Taiwan Science Park Bureau. The bureau said that work would only resume after Shang Hao Machinery Co (上昊機械),
CoreWeave Inc has become caught in a tug of war between investors who see rising bond yields as a potential rally killer for the artificial intelligence (AI) trade and those who think demand for computing power will make those concerns seem passe before long. The cloud-computing services provider’s shares plunged 20 percent in the first three sessions of last week, including more than 15 percent on Wednesday, as its debt tumbled to levels that typically indicate distress. On Thursday morning, the cost of protecting CoreWeave bonds against default rose to the highest intraday level on record, while swaps priced in a
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