Kinmen Kaoliang Liquor Inc (金門酒廠), producer of Taiwan's renowned sorghum firewater, breathed a sigh of relief yesterday after a lawmaker hinted that clear spirits from China will remain barred from import into Taiwan unless the Middle Kingdom permits the import of Kinmen Kaoliang.
"The day when Chinese clear spirits are allowed to be imported into Taiwan is the day when Kinmen Kaoliang liquor is allowed to be sold in China," New Party Legislator Wu Cherng-dean (吳成典) said from Kinmen.
Wu made the statement at a ceremony where Kinmen Kaoliang Liquor Inc signed a deal on a partnership with Tait Marketing & Distribution Co (德記洋行). Tait — a consumer-goods distributor that markets groceries, personal care products, beverages and alcohol — will serve as a new distributor for Kinmen Kaoliang liquor in Taiwan.
PHOTO: TAIT
Wu's remarks ended a two-week silence since the Board of Foreign Trade announced on Aug. 16 that Chinese liquor with high alcoholic content, such as Luzhou Laojiao (瀘州老窖) and Kweichow Moutai (貴州茅台), will continue to be barred in Taiwan, citing opposition by Wu and Kinmen County Commissioner Lee Chu-feng (李炷烽). They are concerned about the future of sorghum farmers on the island.
"We have no intention to stand in the way and no plans to set limits on the entry of clear liquor from China; what we simply want is reciprocity," Wu said.
Several liquor importers — which ironically also include Tait — were originally expecting the board to lift the importation ban on Aug. 16, which was a major threat to Kaoliang liquor and other spirits produced by the Taiwan Tobacco and Liquor Corp (台灣菸酒).
Ed Shyurng (
Tait beat Nanlien International Corp (
"The market opening after both China and Taiwan joined the WTO has resulted in a huge structural change in the market. But in my opinion that change poses no difficulty for leading brands [such as Kinmen Kaoliang]; it is actually an opportunity for the brand to upgrade and improve," Shyurng said.
Tait will help Kinmen Kaoliang enjoy brisk sales in Taiwan as well as assisting it to tap into the emerging Chinese markets, Shyurng said.
Lee Jung-wen (
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has approved a capital budget of US$31.28 billion for production expansion to meet long-term development needs during the artificial intelligence (AI) boom. The company’s board meeting yesterday approved the capital appropriation plan for purposes such as the installation of advanced technology capacity and fab construction, the world’s largest contract chipmaker said in a statement. At an earnings conference last month, TSMC forecast that its capital expenditure for this year would be at the higher end of the US$52 billion to US$56 billion range it forecast in January in response to robust demand for 5G, AI and