Elections for new board members of the Chiang Ching Kuo Foundation (
New board members elected included Yu Shyi-kun, secretary-general to the president, Ovid Tseng, the education minister, Weng Yueh-sheng (
Allegations about misuse of funds were raised on Friday when DPP legislators, including Lin Kuo-hua (
At the press conference, the legislators alleged that Hsu Cho-yun (
Lin said that as the foundation got most of its money from the government, it was inconceivable not to have any government representatives on its board of directors. He also suggested that if elections for the new board could not be held with due process, the foundation should simply be scrapped.
People First Party Chairman James Soong (
On the other hand, Hsu Cho-yun pointed out that the election of one third of the board's members yesterday afternoon would not have any impact on the foundation's status.
Hsu emphasized that the main function of the foundation was to collect donations. When asked about whether representatives of the DPP government becoming new board members might affect the foundation's future academic policies, Hsu maintained that everything would proceed under the framework that had been established before.
The Presidential Office announced yesterday morning that they had not interfered with the foundation's board member election. They also said that the Presidential Office had not been threatened by anyone with regards to the election.
CHIPMAKING INVESTMENT: J.W. Kuo told legislators that Department of Investment Review approval would be needed were Washington to seek a TSMC board seat Minister of Economic Affairs J.W. Kuo (郭智輝) yesterday said he received information about a possible US government investment in Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and an assessment of the possible effect on the firm requires further discussion. If the US were to invest in TSMC, the plan would need to be reviewed by the Department of Investment Review, Kuo told reporters ahead of a hearing of the legislature’s Economics Committee. Kuo’s remarks came after US Secretary of Commerce Howard Lutnick on Tuesday said that the US government is looking into the federal government taking equity stakes in computer chip manufacturers that
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Chinese Nationalist Party (KMT) lawmakers have declared they survived recall votes to remove them from office today, although official results are still pending as the vote counting continues. Although final tallies from the Central Election Commission (CEC) are still pending, preliminary results indicate that the recall campaigns against all seven KMT lawmakers have fallen short. As of 6:10 pm, Taichung Legislators Yen Kuan-heng (顏寬恒) and Yang Chiung-ying (楊瓊瓔), Hsinchu County Legislator Lin Szu-ming (林思銘), Nantou County Legislator Ma Wen-chun (馬文君) and New Taipei City Legislator Lo Ming-tsai (羅明才) had all announced they
Nvidia Corp CEO Jensen Huang (黃仁勳) yesterday visited Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), as the chipmaker prepares for volume production of Nvidia’s next-generation artificial intelligence (AI) chips. It was Huang’s third trip to Taiwan this year, indicating that Nvidia’s supply chain is deeply connected to Taiwan. Its partners also include packager Siliconware Precision Industries Co (矽品精密) and server makers Hon Hai Precision Industry Co (鴻海精密) and Quanta Computer Inc (廣達). “My main purpose is to visit TSMC,” Huang said yesterday. “As you know, we have next-generation architecture called Rubin. Rubin is very advanced. We have now taped out six brand new
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