The Legislative Yuan yesterday passed a budget that anticipates earning NT$488.1 billion from state-owned enterprises for the current 18-month fiscal year, which is NT$5.7 billion more than the Executive Yuan's proposal.
"For every four dollars of government revenue, there is roughly one dollar coming from the associated state-owned enterprises," said Wu Wen-hung (
"The government would have used more of its surplus left over from previous years to cope with present financial difficulties," Wu said. But with an additional NT$5.7 billion in anticipated revenue, "Now, there is less need to use that resource."
The 921 earthquake depressed the revenue of government enterprises by NT$50 billion. In addition, the privatization of Chiao Tung Bank (交3q銀|?, the Farmers Bank of China (1A民銀|? and Taiwan Fertilizer Co (臺灣肥料?膝q) reduced the government's earnings. The government's revenue will be further reduced when shares of Chunghwa Telecom (??華1q信) are sold at the end of next year.
However, officials say that the government enterprises are operating smoothly and generate enough revenue to offset the negative impact of the 921 quake and the privatization process.
Currently, there are 42 state-owned enterprises, 25 of which were transferred from the provincial government, which was downsized last year.
"Most of the provincial trans-ferred units are operating at a loss," Wu said. However, revenue from the Taiwan Tobacco and Wine Monopoly Bureau
While total earnings are expected to come in at NT$488.1 billion, revenues are anticipated to be NT$3.88 trillion, or NT$63.6 billion more than the Executive Yuan's proposal.
"Chinese Petroleum Corp (
In particular, the hotly-debated privatization of Chunghwa Tele-com will contribute NT$191 billion to the anticipated NT$488.1 billion total.
The privatization of Taiwan Power Company (臺灣1q?O?膝q) and Chinese Petroleum are not part of the government's figures because they were included in the 1999 and 1998 fiscal years, respectively.
However, the government has yet to receive any money from the sale of shares in both enterprises.
"The Electricity Law (
At least 66 percent of the shares in Chunghwa Telecom, Taiwan Power Company and Chinese Petroleum Corp is expected to be sold to the public by June 2001.
COMPETITION: AMD, Intel and Qualcomm are unveiling new laptop and desktop parts in Las Vegas, arguing their technologies provide the best performance for AI workloads Advanced Micro Devices Inc (AMD), the second-biggest maker of computer processors, said its chips are to be used by Dell Technologies Inc for the first time in PCs sold to businesses. The chipmaker unveiled new processors it says would make AMD-based PCs the best at running artificial intelligence (AI) software. Dell has decided to use the chips in some of its computers aimed at business customers, AMD executives said at CES in Las Vegas on Monday. Dell’s embrace of AMD for corporate PCs — it already uses the chipmaker for consumer devices — is another blow for Intel Corp as the company
ADVANCED: Previously, Taiwanese chip companies were restricted from building overseas fabs with technology less than two generations behind domestic factories Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp, would no longer be restricted from investing in next-generation 2-nanometer chip production in the US, the Ministry of Economic Affairs said yesterday. However, the ministry added that the world’s biggest contract chipmaker would not be making any reckless decisions, given the weight of its up to US$30 billion investment. To safeguard Taiwan’s chip technology advantages, the government has barred local chipmakers from making chips using more advanced technologies at their overseas factories, in China particularly. Chipmakers were previously only allowed to produce chips using less advanced technologies, specifically
MediaTek Inc (聯發科) yesterday said it is teaming up with Nvidia Corp to develop a new chip for artificial intelligence (AI) supercomputers that uses architecture licensed from Arm Holdings PLC. The new product is targeting AI researchers, data scientists and students rather than the mass PC market, the company said. The announcement comes as MediaTek makes efforts to add AI capabilities to its Dimensity chips for smartphones and tablets, Genio family for the Internet of Things devices, Pentonic series of smart TVs, Kompanio line of Arm-based Chromebooks, along with the Dimensity auto platform for vehicles. MeidaTek, the world’s largest chip designer for smartphones
TECH PULL: Electronics heavyweights also attracted strong buying ahead of the CES, analysts said. Meanwhile, Asian markets were mixed amid Trump’s incoming presidency Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares yesterday closed at a new high in the wake of a rally among tech stocks on Wall Street on Friday, moving the TAIEX sharply higher by more than 600 points. TSMC, the most heavily weighted stock in the TAIEX, rose 4.65 percent to close at a new high of NT$1,125, boosting its market value to NT$29.17 trillion (US$888 billion) and contributing about 400 points to the TAIEX’s rise. The TAIEX ended up 639.41 points, or 2.79 percent, at 23,547.71. Turnover totaled NT$406.478 billion, Taiwan Stock Exchange data showed. The surge in TSMC follows a positive performance
RSS