Police yesterday arrested two women suspected of selling fake Hewlett-Packard (HP) labeled ink and toner cartridges.
The Criminal Investigation Bureau (CIB) told a press conference that it had received complaint letters from HP-Taiwan saying there were fake HP ink and toner cartridges being sold.
Police also said that HP headquarters in the US had paid attention to the crime. Last year, HP was the second biggest personal computer vendor worldwide.
The two suspects -- Chou Teh-yu (周德裕) and Peng Ming-fang (彭敏芳) -- were arrested at their company in Taipei County, where they sold fake HP ink and toner products wholesale to shops nationwide.
Officers searched the suspects' company yesterday as well as several shops in Taipei, Taipei County and Kaohsiung, seizing a total of 385 fake HP ink and toner cartridges and 1,386 fake HP labels to be stuck on the fake products.
The bureau said the fake products looked almost identical to the real ones, and that many consumers, including government agencies, had been using the fakes.
Police said the two women made more than NT$20 million (US$602,600) in two years from selling the fakes.
The suspects sold fake toner cartridges for HP C4129X laser printers. While the real products cost more than NT$4,000, the fakes were sold for NT$2,900, the police said.
The suspects told police they bought the fake products on the Internet from manufacturers of fake HP products in this country.
Police said they were looking for the manufacturers.
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more