Far EasTone Telecommunications Co (遠傳電信) yesterday appointed AT&T Inc veteran Chee Ching (井琪) as its president to help the firm accelerate its transformation into a provider of telecom and digital services.
The adjustment came as the world’s wireless carriers are ushering in next-generation 5G wireless technology.
The National Communications Commission is scheduled to arrange a spectrum auction in 2020 for domestic operators to install their 5G networks.
As developed countries, such as the US, South Korea and Japan, are aggressively deploying 5G networks, “Far EasTone will also make every effort to embrace the arrival of the 5G era,” Ching said.
The technology is to have many applications, Ching said, adding that Far EasTone’s strategy is to offer services that blend telecom and digital services on the 5G network.
Artificial intelligence-enabled applications, applications for artificial and virtual reality, big data analysis and cloud-based services are among the new services.
The company said it believes it is not healthy to offer flat rates for 5G services.
Ching was tapped as the company’s chief transformation officer three months ago, after working at AT&T for 23 years.
Outgoing president Yvonne Li (李彬) is to be promoted to consultant to Far Eastern Group (遠東集團).
During her eight-year tenure, Li has helped the company nearly double its market value to NT$235 billion (US$7.61 billion) from NT$135 billion in 2010.
The personnel adjustment is to take effect on Jan. 7.
STAYING AHEAD: Fitch said that TSMC remains technologically ahead of others, but Samsung is building a new chip fab, while China is investing in its domestic industry As escalating US-China tensions and COVID-19-related production disruptions force US technology supply chains to transform, Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) US$12 billion chip fabrication plant in Arizona would be key to spurring greater US production of core semiconductor components, Fitch Ratings said. “We view the US-TSMC alliance as a first step in building a more autonomous US technology supply chain, given high barriers to entry, specifically related to the significant capital and design capability required for leading-edge semiconductor manufacturing,” Fitch said in a statement on Tuesday. “By working with TSMC, US chipmakers will not face the financial burden of incremental investment
DIVERSIFICATION: Although COVID-19 would push more companies to produce in emerging markets, DBS said that it was unlikely that firms would totally leave China Geopolitical tensions and supply disruptions are expected to accelerate the migration of manufacturing out of China, as concerns about the risk of production concentrated in one country increase, S&P Global Ratings said. Although its economic expansion might be weaker than previous levels due to the accelerated relocation of manufacturing, China’s economic growth would still be stronger than that of most other economies, the ratings agency said. “While absolute growth rates will moderate, we believe China’s economic performance will continue to be a key sovereign credit support,” S&P Global Ratings credit analyst Tan Kim Eng (陳錦榮) said in a statement on Thursday. “Its growth
Taiwan’s corporate landscape has changed significantly over the past 20 years, with Hon Hai Precision Industry Co (鴻海精密) replacing Formosa Plastics Corp (台塑) as the revenue leader, while Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) has emerged as the most profitable firm, a survey of Taiwan’s 50 largest companies published on Tuesday last week showed. The Chinese-language CommonWealth Magazine survey ranked Taiwan’s 50 largest companies based on their revenue last year, and compared them with the results of a similar survey it conducted in 2000. Only 33 companies on the original list remained in this year’s rankings, the survey found, following two
The Financial Supervisory Commission (FSC) would set up new guidance by the end of August to boost corporate governance, insurers’ solvency, green financing, financial technology, the trust industry and information security, new FSC Chairman Thomas Huang (黃天牧) said yesterday. “Corporate governance has been improved in terms of compliance and shareholding disclosure with former chairman Wellington Koo (顧立雄) at the helm. It is time to move to the next phase to focus on companies’ roles in sustainable development,” Huang told a news conference in New Taipei City. The commission would also set policies to incentivize companies to increase green financing and adopt the