■ Electronics
Samsung to spend more
Samsung Group, which controls Asia's biggest chipmaker, said it will spend 21 percent more this year on products from the greater China region, including Hong Kong, Taiwan and Macau. Samsung China, based in Beijing, will spend US$18.5 billion on purchases in the region, compared with US$15.3 billion a year earlier, the company said in an e-mail statement, without providing details on how or where the money will be spent.
■ Oil
Putin vows to look east
Russian President Vladimir Putin yesterday said Russia, the world's second biggest oil exporter, was struggling with "unfair competition" on energy markets, and he said it should focus on supplying Asia. "Despite the great demand for energy resources, any excuses are being used to limit us in the north, in the south, in the west. We must look for markets, fit into the processes of global development," he was quoted by Russian news agencies as saying. "The countries of the Asian-Pacific region are developing at great speed and need to cooperate with us," he added.
■ Computers
Seagate unveils big drive
Seagate Technology LLC is beefing up the capacity of its hard disk drives to a huge 750 gigabytes, offering consumers of digital media more storage for their computers than ever before. The drive Seagate introduced yesterday, the Barracuda 7200.10, is the first computer desktop disk drive to hit the 750-gigabyte mark and represents a 50 percent increase from the previous industry maximum of 500 gigabytes. Analysts say a 750-gigabyte drive could hold roughly 375 hours of standard-definition television programming, about 75 hours of high-definition video, or more than 10,000 music CDs converted to the MP3 digital audio format.
■ Semiconductors
Intel lowers chip prices
Intel Corp, which reported its biggest sales drop in more than four years in the first quarter, lowered prices this month less than analysts had expected. The world's largest semiconductor maker cut prices on five desktop chips by as much as 50 percent but didn't change prices of server chips where it has been losing market share to rival Advanced Micro Devices Inc. Analysts had expected Intel to use cheaper manufacturing costs and stronger finances to cut prices and claw back share losses. Intel slumped to less than 80 percent of the personal computer processor market for the first time in more than four years in the fourth quarter.
■ Electronics
Sharp posts record profit
Sharp Corp posted record high group sales and net profit in the year ending last month on strong sales of liquid-crystal-display (LCD) televisions, LCD panels for flat-screen televisions and mobile phones, the company said yesterday. The company marked a 15.4 percent increase in its group net profit of ¥88.67 billion (US$773.47 million) while its sales were also up 10.1 percent at ¥2.8 trillion in the year, compared to the previous year, it said. Sharp projects its group net profit to rise 12.8 percent to ¥100 billion in the current year on a sales increase of 7.3 percent to ¥3 trillion.
NO-LIMITS PARTNERSHIP: ‘The bottom line’ is that if the US were to have a conflict with China or Russia it would likely open up a second front with the other, a US senator said Beijing and Moscow could cooperate in a conflict over Taiwan, the top US intelligence chief told the US Senate this week. “We see China and Russia, for the first time, exercising together in relation to Taiwan and recognizing that this is a place where China definitely wants Russia to be working with them, and we see no reason why they wouldn’t,” US Director of National Intelligence Avril Haines told a US Senate Committee on Armed Services hearing on Thursday. US Senator Mike Rounds asked Haines about such a potential scenario. He also asked US Defense Intelligence Agency Director Lieutenant General Jeffrey Kruse
INSPIRING: Taiwan has been a model in the Asia-Pacific region with its democratic transition, free and fair elections and open society, the vice president-elect said Taiwan can play a leadership role in the Asia-Pacific region, vice president-elect Hsiao Bi-khim (蕭美琴) told a forum in Taipei yesterday, highlighting the nation’s resilience in the face of geopolitical challenges. “Not only can Taiwan help, but Taiwan can lead ... not only can Taiwan play a leadership role, but Taiwan’s leadership is important to the world,” Hsiao told the annual forum hosted by the Center for Asia-Pacific Resilience and Innovation think tank. Hsiao thanked Taiwan’s international friends for their long-term support, citing the example of US President Joe Biden last month signing into law a bill to provide aid to Taiwan,
China’s intrusive and territorial claims in the Indo-Pacific region are “illegal, coercive, aggressive and deceptive,” new US Indo-Pacific Commander Admiral Samuel Paparo said on Friday, adding that he would continue working with allies and partners to keep the area free and open. Paparo made the remarks at a change-of-command ceremony at Joint Base Pearl Harbor-Hickam in Hawaii, where he took over the command from Admiral John Aquilino. “Our world faces a complex problem set in the troubling actions of the People’s Republic of China [PRC] and its rapid buildup of forces. We must be ready to answer the PRC’s increasingly intrusive and
STATE OF THE NATION: The legislature should invite the president to deliver an address every year, the TPP said, adding that Lai should also have to answer legislators’ questions The Chinese Nationalist Party (KMT) yesterday proposed inviting president-elect William Lai (賴清德) to make a historic first state of the nation address at the legislature following his inauguration on May 20. Lai is expected to face many domestic and international challenges, and should clarify his intended policies with the public’s representatives, KMT caucus secretary-general Hung Meng-kai (洪孟楷) said when making the proposal at a meeting of the legislature’s Procedure Committee. The committee voted to add the item to the agenda for Friday, along with another similar proposal put forward by the Taiwan People’s Party (TPP). The invitation is in line with Article 15-2