SMALL BEER: Lee Chang-ken, chief strategy officer at Cathay Financial, said none of its overseas investments were directly invested in US subprime mortgage products
By Jackie Lin
Taiwanese life insurers face "limited'' potential losses from holding securities linked to US subprime home loans, Financial Supervisory Commission Vice Chairwoman Susan Chang (張秀蓮) said yesterday.

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PARTS FUROR: US insurers and a parts trade group opposed the ban, saying it gave carmakers too much power over who makes the parts and would mean higher prices
By Jason Tan
Taiwanese autoparts makers said yesterday the US ban on the importation of Taiwanese parts for a Ford truck model had only a "limited" impact on their businesses.

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By Lisa Wang
Asustek Computer Inc (華碩電腦), the world's biggest motherboard maker, has bought a major stake in a local chipmaker for NT$125 million (US$3.8 million) via a private placement, a company statement said yesterday.

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Nokia Corp said yesterday it would transfer chipset technology and 200 employees to STMicroelectronics NV in a move to increase cooperation between the two companies on high-speed, third-generation mobile technology.

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By Jessie Ho
Motech Industries Inc (茂迪), the nation's biggest solar cell maker, said yesterday it has expanded its research and development (R&D) unit into an R&D center this month to upgrade its core competence amid fierce competition in the dynamic industry.

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A new video game for the Nintendo DS handheld machine helps players exercise their facial muscles to have nicer smiles and livelier expressions.

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CROSS-STRAIT BANKING: The acquisition of Hsinchu International allows Standard Chartered to expand its trade-related business with the nation's smaller firms
Standard Chartered PLC's acquisition of a Taiwan bank, the first by an overseas investor, helps the company in "connecting the dots" on its Greater China strategy, its head of operations in Taiwan said.

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Shares closed 2.68 percent higher yesterday after Wall Street's extended gains overnight and the US Federal Reserve left key interest rates intact, dealers said.

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Dell Inc, the world's second-biggest maker of personal computers, will sell models equipped with Linux software in China this year, offering a cheaper alternative to Microsoft Corp's Windows in the second-largest PC market.

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Treasury collects record taxes

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