TRADE
Christensen criticizes China
China is aggressively using market-distorting subsidies and other practices such as intellectual property theft and forced technology transfers that harm the global economy, including the economies of the US and Taiwan, American Institute in Taiwan (AIT) Director Brent Christensen said yesterday. “We must defend the international rule-based order and sometimes take steps to dissuade those who flout global rules,” he said in a speech at the annual congress of the World Taiwanese Chambers of Commerce in Taipei. The US is committed to open markets and free trade in the Indo-Pacific region and globally, common values that the nation shares with Taiwan, he said. The free and open Indo-Pacific strategy, introduced by the administration of US President Donald Trump in November last year, encompasses an area stretching from the US west coast to Japan, through Southeast Asia to Australia, and west to India, he said. “We are looking to work more closely with Taiwan on the Indo-Pacific strategy’s priority initiatives of energy, infrastructure and the digital economy,” he said. In the years ahead, as business relationships evolve in the Indo-Pacific region, the role and importance of Taiwanese businesses would continue to grow and expand around the world, he added. Christensen announced that the AIT would escort a delegation of Taiwanese companies to the Indo-Pacific Discover Global Markets event on aerospace, defense and advanced manufacturing to be held in Salt Lake City, Utah, from Dec. 10 to Dec. 12. The congress was also attended by former US vice president Dick Cheney and Stephen Yates, a former deputy national security adviser to Cheney.
TELECOMS
MOD subscribers at 1.9m
Chunghwa Telecom Co (中華電信), the nation’s biggest telecom, yesterday said that subscribers to its multimedia-on-demand (MOD) Internet TV business climbed to more than 1.9 million this month. That means the company is well on track to hit its target of 2 million subscribers by the end of this year. The company attributed the growth to its broadcasts of the FIFA World Cup and Asian Games. Chunghwa Telecom is set to broadcast more sports events next month, including the Chinese Taipei Open organized by the Chinese Taipei Badminton Association.
ENERGY
Research center founded
Denmark’s Orsted A/S yesterday donated a 1 megawatt energy storage system to National Changhua University of Education to further the school’s green energy curriculum. The system features energy storage equipment built by Delta Electronics Inc (台達電) and is to be installed by the Taiwanese company. Orsted also founded a research center at the university to help students develop the next generation of energy storage solutions.
PROPERTY
TLDC inks Hualien deal
Taiwan Land Development Corp (TLDC, 台灣土地開發) yesterday inked a cooperation pact with Vieshow Cinemas and VR Live for a mixed-use commercial building, the second phase of a larger development project in Hualien County. TLDC chairman Chiu Fu-sheng (邱復生) signed the agreement at the site near Hualien Bay (洄瀾灣), where TLDC is to open a building that is to house VR facilities, movie theaters, restaurants and other sports activities, the Taipei-based developer said in a statement. The building has five stories above ground and one basement, and is equipped with the latest technologies in a bid to entice visitors to the area.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
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