■ Infineon plans IPO
Infineon Technologies AG, Europe's second-largest maker of semiconductors, plans to sell shares in its memory-chip business in an initial public offering (IPO) on the New York Stock Exchange in the second half of this year. The exact timing for selling shares in the unit called Qimonda AG will depend on the "market environment," the Munich-based company said in a statement yesterday. Infineon will continue to hold a majority in Qimonda after the IPO. Management board member Loh Kin Wah (羅建華) will head the new memory-chip company. Qimonda became a legally independent division on May 1 and Infineon's supervisory board approved the IPO plan yesterday.
■ Tatung chief passes away
Tatung Co's (大同) chief executive passed away yesterday after succumbing to kidney failure, according to a company statement. The 88-year-old Lin Ting-sheng (林挺生) died at his home at 12:20pm in the company of his family members, the statement read. Lin took charge of Tatung in 1942. Under his leadership, Tatung enjoyed an impressive history, becoming the first company to produce electronic fans in 1949, and the first private company in Taiwan to make an initial public offering in 1957. Lin officially passed his chairmanship to son Lin Wei-shan (林蔚山) in March, and assumed the role of chief executive. Founded in 1918, Tatung is the nation's leading maker of home appliances and industrial motors.
■ Ministry touts Americas
The Ministry of Economic Affairs and the quasi-official Taiwan External Trade Development Council (TAITRA, 外貿協會) will jointly host three trade workshops next week aimed at helping local manufacturers explore American markets by taking advantage of free-trade agreements, a TAITRA official said yesterday. The official said that the Free Trade Area of the Americas is expected to become the world's largest trading bloc in the foreseeable future, and Taiwanese entrepreneurs should seek to make inroads into American markets as early as possible in order to speed up globalization of their business operations.
■ IT conference underway
A two-day forum on cross-strait information technology standardization opened in Taipei yesterday. The seminar was organized by Taiwan's SinoCon Foundation, headed by Chiang Pin-kung (江丙坤) -- a vice chairman of the Chinese Nationalist Party (KMT). China's Information Industry Vice Minister Jiang Yaoping (蔣耀平) arrived in Taipei on Tuesday with a 44-member delegation to participate in the conference.
■ Eva plans new route
EVA Airways Corp (長榮) plans to launch a new route to the Japanese city of Nagoya beginning July 10, airlines officials said yesterday. "We will provide five round-trip flights weekly between Taipei and Nagoya," spokesman Nieh Kuo-wei (聶國維) said. He said the new route would bring to six the number of Japanese destinations serviced by the company. The other Japanese cities EVA flies to are Tokyo, Osaka, Fukuoka, Sendai and Sapporo. Nieh said EVA would also expand its Taipei-Osaka service from seven to nine flights weekly beginning July 10 and to 11 flights per week beginning in the winter.
■ NT dollar appreciates
The NT dollar rose yesterday after the Japanese yen surged to an eight-month high, dealers said. The NT dollar rose NT$0.159 to close at NT$31.338 per US dollar on the Taipei foreign exchange market. Turnover was US$1.123 billion.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
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
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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