■ FSC appoints new member
Yang Ya-hwei (楊雅惠), director of the Center for Economic and Financial Strategies at the Chung Hua Institute for Economic Research, has been appointed by the Cabinet to be a member of the Financial Supervisory Commission, the commission said yesterday.
The tenure of Yang, who fills the vacancy after Shih Jun-ji (施俊吉) moves to chair the commission, will run through June 30, 2010, the financial regulator said.
Two of the commission's nine seats remained vacant after former vice chairman Lu Duang-yen (呂東英) moved to be chairman of the GRETAI Securities Market in August and Lin Chung-cheng (林忠正) resigned in October after being taken into custody for suspicion of corruption.
■ AmCham elects new president
Jane Hwang (黃素貞), vice president and general manager of the State Street Bank and Trust Co, Taipei Branch, was elected president of the American Chamber of Commerce in Taipei (AmCham) for next year, AmCham said in a statement yesterday.
Hwang said she would do her best to maintain AmCham's position as the "most influential voice in Taiwan for the business world," the statement said.
She expressed appreciation for the "excellent degree of access" that AmCham has enjoyed with policymakers, and said that the new Board of Governors and Supervisors was looking forward to continued constructive interaction with government officials, it said.
For the past two years Hwang has played an active role at AmCham as its first vice president and as co-chair of the Capital Markets Committee.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) founder Morris Chang (張忠謀) yesterday said that Intel Corp would find itself in the same predicament as it did four years ago if its board does not come up with a core business strategy. Chang made the remarks in response to reporters’ questions about the ailing US chipmaker, once an archrival of TSMC, during a news conference in Taipei for the launch of the second volume of his autobiography. Intel unexpectedly announced the immediate retirement of former chief executive officer Pat Gelsinger last week, ending his nearly four-year tenure and ending his attempts to revive the
WORLD DOMINATION: TSMC’s lead over second-placed Samsung has grown as the latter faces increased Chinese competition and the end of clients’ product life cycles Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) retained the No. 1 title in the global pure-play wafer foundry business in the third quarter of this year, seeing its market share growing to 64.9 percent to leave South Korea’s Samsung Electronics Co, the No. 2 supplier, further behind, Taipei-based TrendForce Corp (集邦科技) said in a report. TSMC posted US$23.53 billion in sales in the July-September period, up 13.0 percent from a quarter earlier, which boosted its market share to 64.9 percent, up from 62.3 percent in the second quarter, the report issued on Monday last week showed. TSMC benefited from the debut of flagship
A former ASML Holding NV employee is facing a lawsuit in the Netherlands over suspected theft of trade secrets, Dutch public broadcaster NOS said, in the latest breach of the maker of advanced chip-manufacturing equipment. The 43-year-old Russian engineer, who is suspected of stealing documents such as microchip manuals from ASML, is expected to appear at a court in Rotterdam today, NOS reported on Friday. He is accused of multiple violations of the sanctions legislation and has been given a 20-year entry ban by the Dutch government, the report said. The Dutch company makes machines needed to produce high-end chips that power
Taiwan would remain in the same international network for carrying out cross-border payments and would not be marginalized on the world stage, despite jostling among international powers, central bank Governor Yang Chin-long (楊金龍) said yesterday. Yang made the remarks during a speech at an annual event organized by Financial Information Service Co (財金資訊), which oversees Taiwan’s banking, payment and settlement systems. “The US dollar will remain the world’s major cross-border payment tool, given its high liquidity, legality and safe-haven status,” Yang said. Russia is pushing for a new cross-border payment system and highlighted the issue during a BRICS summit in October. The existing system
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