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.
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.
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.
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.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
STAYING AHEAD: TSMC expects its sales this year to grow 14 to 19 percent and could spend up to US$3.52 billion on research and development, leaving its rivals far behind Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) reported that the US last year approved 99 percent of its patent applications, which placed the tech giant among the top patent holders in the US. In its Corporate Social Responsibility Report, TSMC said it last year secured about 3,600 patents worldwide, including more than 2,300 in the US. As of the end of last year, TSMC owned more than 39,000 patents, the report said. The company last year filed almost 6,500 patent applications worldwide and ranked among the top 10 patent applicants in the US. In Taiwan, it was the largest patent applicant for the fourth