Taiwan Lottery Co (
Its system crashed for four hours on Monday afternoon, affecting the operations of 1,400 lotto vendors nationwide, or about one-third of its distributors.
The malfunction occurred after the vending system was upgraded without sufficient testing procedures to ensure its stability, Taiwan Lottery chairman Oliver Shang (尚瑞強) said at a press conference yesterday.
The Ministry of Finance, which manages the lottery issuance, sternly expressed its dissatisfaction on Monday night over Taiwan Lottery's repeated system failures since the company started issuing lotto tickets in January.
The ministry also demanded that the firm replace its information team chief or even its president, Chang Ruu-tian (張汝恬), to correct the blunders.
"We admit our management practices are the problem and that they need an overhaul. We have requested that high-level executives of Intralot SA fly to Taiwan to provide some detailed trouble-shooting for two days," said Shang, who took over the chairmanship from Deng Yan-dun (鄧彥敦) on March 9.
Taiwan Lottery, a subsidiary of Chinatrust Financial Holding Co (
After responsibilities are sorted out, Taiwan Lottery will hold a board meeting within two weeks to mete out punishment to those held accountable, some of whom may be transferred to new positions, Shang said.
The firm will also set aside NT$200 million (US$6 million) for marketing this year.
"We know it's useless to invest more in marketing if the system is not stabilized first. I guarantee, as chairman, that such problems will not occur again and that standard operating procedures will be established to ensure smooth operations," Shang said.
Taiwan Lottery is entrusted by Chinatrust Commercial Bank (
Taiwan Lottery statistics show that lotto ticket sales for the first quarter totaled NT$19.5 billion, with Big Lotto (
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
POWER BUILDUP: Powered by Nvidia’s B200 Blackwell chips, the data center would support MediaTek’s computing power demand and business growth, the company said Smartphone chip designer MediaTek Inc (聯發科) yesterday launched a new artificial intelligence (AI) data center with a maximum capacity of 45 megawatts to meet its rising demand for computing power required to develop new advanced chips for AI applications. The company has completed the first-phase computing power buildup at the data center in Miaoli County’s Tongluo Township (銅鑼), providing 15 megawatts of capacity to support its research and development (R&D) capabilities, despite an industrywide shortage of key components, MediaTek said. Supply constraints have plagued a wide range of key components, including memory chips, solid-state drives, power supply units and central
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu