Lawmakers across party lines yesterday grilled the Minister of Finance for not revealing the problematic financial portfolios of poorly performing business ventures, including that of newly elected Kaohsiung City Council Speaker Chu An-hsiung (
During the Legislative Yuan's finance committee meeting yesterday, KMT Legislator Lee Chia-chin (
He urged Minister of Finance Lin Chuan (
Lin, in response, cited the confidentiality clause under the Bank Law and refused to make public the problematic conglomerates' financial conditions.
"Only when a verdict of guilty is reached [following Chu's indictment] can [the finance ministry] make their financial records public," Lin said.
Banks are urging An Feng to quickly pay up their defaulted loans, he said, while standing his ground on the issue.
KMT Legislator Chen Chieh (
When asked about interest rates offered to the steelmaker, Wang Rong-jou (
Upon hearing of the preferential interest rates, Chen immediately called the differing bank interest rates unfair to small and medium business and the public at large.
DPP Legislator Chu Hsing-yu (
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
United Microelectronics Corp (UMC, 聯電) forecast that its wafer shipments this quarter would grow up to 7 percent sequentially and the factory utilization rate would rise to 75 percent, indicating that customers did not alter their ordering behavior due to the US President Donald Trump’s capricious US tariff policies. However, the uncertainty about US tariffs has weighed on the chipmaker’s business visibility for the second half of this year, UMC chief financial officer Liu Chi-tung (劉啟東) said at an online earnings conference yesterday. “Although the escalating trade tensions and global tariff policies have increased uncertainty in the semiconductor industry, we have not
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
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