Australian trade officials yesterday expressed their interest in selling uranium to Taiwan to fuel the yet-to-be-completed fourth nuclear power plant but were told by Minister of Economic Affairs Lin Hsin-yi (
Lin, who was in Darwin to attend the Asia Pacific Economic Cooperation (APEC) minister's meeting, told Australian Trade Minister Mark Vaile that there could be no discussion of the power plant's fuel supply until the committee tasked with evaluating the project's necessity had presented its findings.
The No. 4 Nuclear Plant evaluation committee is expected to convene on June 15 and is made up of 20 people, including scholars, government officials and party members from across political lines.
Lin said that before he left for Australia he had presented to the Cabinet for approval a list of proposed names for inclusion on the evaluation committee, which if received would pave the way for discussions to begin next week.
The Ministry of Economic Affair's Energy Commission (
He said he hoped that by announcing the committee's findings via the Net, people would be able to clearly understand the opposing arguments on the matter.
In related news, Lin responded to questions about the chances of Australia LNG winning the contract to supply Taiwan with natural gas by saying only that the Taiwan Power Company was tendering the deal through an open bidding process, and that the government welcomes all bids that meet the necessary conditions.
While it is unclear whether Lin met with Australia LNG executives during the APEC ministerial meeting, company executives in Perth confirmed that Australia LNG vice president Craig Fekes had travelled to Taiwan last week to meet with government officials to discuss the deal.
Australia LNG is bidding primarily to sell gas that will fuel the Tatan Power station being built in Taoyuan County, but demand for liquified natural gas will likely increase following the economic ministry's recent approval for the construction of two new gas-fired power plants.
The ministry said in a statement that private independent power producers (IPP) Star Energy Corporation and Sun Ba Power Corporation have received permission to construct plants in Changhua County and Tainan County, respectively.
Hon Hai Precision Industry Co (鴻海精密) yesterday said that its research institute has launched its first advanced artificial intelligence (AI) large language model (LLM) using traditional Chinese, with technology assistance from Nvidia Corp. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said the LLM, FoxBrain, is expected to improve its data analysis capabilities for smart manufacturing, and electric vehicle and smart city development. An LLM is a type of AI trained on vast amounts of text data and uses deep learning techniques, particularly neural networks, to process and generate language. They are essential for building and improving AI-powered servers. Nvidia provided assistance
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STILL HOPEFUL: Delayed payment of NT$5.35 billion from an Indian server client sent its earnings plunging last year, but the firm expects a gradual pickup ahead Asustek Computer Inc (華碩), the world’s No. 5 PC vendor, yesterday reported an 87 percent slump in net profit for last year, dragged by a massive overdue payment from an Indian cloud service provider. The Indian customer has delayed payment totaling NT$5.35 billion (US$162.7 million), Asustek chief financial officer Nick Wu (吳長榮) told an online earnings conference. Asustek shipped servers to India between April and June last year. The customer told Asustek that it is launching multiple fundraising projects and expected to repay the debt in the short term, Wu said. The Indian customer accounted for less than 10 percent to Asustek’s
Gasoline and diesel prices this week are to decrease NT$0.5 and NT$1 per liter respectively as international crude prices continued to fall last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. Effective today, gasoline prices at CPC and Formosa stations are to decrease to NT$29.2, NT$30.7 and NT$32.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost NT$27.9 per liter at CPC stations and NT$27.7 at Formosa pumps, the companies said in separate statements. Global crude oil prices dropped last week after the eight OPEC+ members said they would