Mitsubishi Heavy Industries Ltd, Japan's biggest heavy machinery maker, won a NT$53.4 billion (US$1.5 billion) contract to supply Taiwan Power Co (Taipower,
Mitsubishi Heavy will supply two generators that can run on either oil or gas, and four gas-fired generators, said Taipower media relations officer Lee Chun-lai (李傳來).
The contract to supply the two oil-or-gas-fired units is worth about NT$19.3 billion and each unit can generate 720 megawatts of power, Lee said. The second contract, for four 708 megawatt generators, is worth about NT$34.1 billion.
General Electric Co, the world's largest company by market value, Alstom SA, whose power equipment generates a fifth of the world's electricity, also submitted bids.
Taipower may award a contract for liquefied natural gas for the Tatan plant in northern Taiwan by early July, Lee said.
Taipower postponed twice the announcement on the winning bidder to supply the LNG after the outbreak of SARS disrupted meetings with suppliers. The company is negotiating with four suppliers to buy 1.7 million tonnes of LNG a year for 25 years starting in 2008.
Royal Dutch/Shell Group is bidding to supply the LNG with joint venture partner Asia Cement Corp (亞泥). TaLNG Co, a joint venture of Shell Gas BV and Asia Cement, values its bid at as much as NT$400 billion.
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
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