■ China Airlines launches card
Targeting frequent fliers, China Airlines (華航) launched a co-branded platinum credit card with ABN-Amro Bank Monday, allowing users to accumulate frequent flyer mileage, enjoy free parking at CKS Airport and take free luxury car rides to the airport. The new co-branded platinum card requires NT$25 in exchange for one mile on China Airlines' Dynasty Flyer Program, while other similar credit cards issued in Taiwan require at least NT$40 in exchange for a single air mile, the company said in a press release. Other privileges include free parking at CKS Airport for 20 days a year, and free rides to the airport in a luxury sedan, the release said.
■ HSBC opens new China branch
The Hong Kong and Shanghai Banking Corp (HSBC) said it opened a new branch in Suzhou of eastern province of Jiangsu, further expanding its network to 10 branches in China, the bank said in a statement yesterday. Located at the Suzhou Industrial Park, the branch will offer a full range of services to local and foreign-invested companies and individuals, the UK-based lender said. "With the opening of our new Suzhou branch, HSBC has established another strong foothold in the heart of the Yangtze River, which has witnessed impressive economic growth," Dicky Yip, chief executive of HSBC's China business, said in the statement.
■ NT dollar slightly up
The New Taiwan dollar traded higher against its US counterpart yesterday, edging up NT$0.004 to close at NT$33.862 on the Taipei foreign exchange market. Turnover was US$580 million.
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Hon Hai Precision Industry Co (鴻海精密) yesterday said it would work with US chipmaker Intel Corp to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Hon Hai, also known as Foxconn Technology Group (富士康), said in a statement that the partnership would combine its global manufacturing scale, system integration expertise and AI data center deployment capabilities with Intel’s strengths in processor architecture, silicon technologies and software ecosystem. The companies said they plan to work on equipment used in AI data centers, including server racks powered by
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
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