Taiwan's aerospace manufacturers, who have for long maintained a close partnership with their French counterparts, obtained handsome orders Tuesday placed by the renowned French aircraft engine maker Snecma.
Aerospace Industrial Development Corp (AIDC, 漢翔航空), Aero Win Technology Corp (寶一科技), Chenfeng Machinery and Enterprise (全鋒實業), and other Taiwan manufacturers signed new contracts for business cooperation with Snecma, Airbus, Dassault Aviation, and other French aerospace industrial companies Tuesday at the 15th Taiwan-France Economic Cooperation Conference which kicked off in Paris Monday.
Chen Chao-yi (陳昭義), director-general of the Industrial Development Bureau (IDB), under the Ministry of Economic Affairs, who is leading an IDB mission to the conference, witnessed a ceremony marking the signing of a new contract between AIDC and Snecma, maker of engines for Mirage fighters.
Under the contract, AIDC, Taiwan's sole official aerospace manufacturer that is privatizing, will supply Snecma with aircraft parts and components worth about US$27 million over the following four years.
The parts and components ordered include fan blades, nozzles and low pressure turbines to be used in turbofan engines, according to an AIDC engineer.
AIDC also reached an agreement with Airbus management on research and development of engines to be installed in A380 super jumbo jet passenger aircraft, at least supplying some parts and components of the engines.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
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