HP Taiwan head announced
Hewlett-Packard (HP) Taiwan Ltd yesterday announced the appointment of Jonathan Yang (楊人捷) as its new head.
Yang will assume roles as managing director of HP Taiwan and vice president of HP global operations, effective beginning June 18, a company statement said.
He took over from Rosemary Ho (何薇玲), who resigned in March.
Yang will be responsible for HP's overall business operations in Taiwan and also overseeing the Technology Solutions Group, which provides storage, software and services to enterprises and the public sector.
Before joining HP, Yang was vice president for worldwide global services at Foxconn Technology Group (富士康科技集團), where he helped to set up global services infrastructure to propel high-growth strategies.
Microsoft eyes Yellow Pages
Microsoft Corp is in talks to buy a stake in the Yellow Pages unit of Chunghwa Telecom Co (中華電信), an official at the nation's largest telephone operator said.
Chunghwa is considering a proposal from Microsoft, Michael Lee (李誠偉), special assistant to Chunghwa's chairman, said, declining to specify financial terms. The Taipei-based company is also interested in listing the Yellow Pages unit, Lee said.
NT dollar loses ground
The New Taiwan dollar lost ground against its US counterpart yesterday, in line with the yen, dealers said.
The NT dollar fell NT$0.015 to close at NT$33.385, the weakest level since Dec. 13, 2005, Taipei Forex Inc said. Turnover was US$1.114 billion.
soft landing: The US’ rate-setting FOMC finds itself in a difficult situation as it seeks to address inflation through interest rate hikes while avoiding a recession The US Federal Reserve is widely expected to hold interest rates steady on Wednesday after a summer of mixed economic data, while leaving the door open to another hike if needed. The Fed has raised interest rates 11 times over the past 18 months, lifting its key lending rate to a level not seen for 22 years as it tackles inflation still stubbornly above its long-term target of 2 percent. Analysts and traders broadly expect the US central bank to hold rates steady on Wednesday in order to give policymakers more time to assess the health of the world’s largest economy. “We think
AI TREND: TSMC has been rapidly expanding capacity to meet a spike in demand for advanced packaging services, but still expects supplies to be tight for 18 months Arizona is in talks with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) about advanced chip packaging, state Governor Katie Hobbs said yesterday, which is crucial for the manufacturing of artificial intelligence (AI) chips. TSMC, which is building a US$40 billion chip factory in the US state, has not announced plans to build facilities for advanced chip packaging in the US. Advanced packaging processes stitch multiple chips together into a single device, lowering the added cost of more powerful computing. “Part of our efforts at building the semiconductor ecosystem is focusing on advanced packaging, so we have several things in the works around that
At a sprawling South Korean arms factory on Friday, a high-tech production line of robots and super-skilled workers were rapidly churning out weapons that could, eventually, play a role in Ukraine. Since the Russian invasion last year, the Hanwha Aerospace factory in the southern city of Changwon has expanded production capacity three times, workers told reporters, as South Korea ramps up arms exports while traditional behemoths like the US struggle with production shortages. Longstanding domestic policy bars Seoul from selling weapons into active conflicts, but even so it signed deals worth US$17.3 billion last year, including a US$12.7 billion agreement with NATO
Tailwinds: Blockbuster earnings at Nvidia Corp have sparked hopes of a tech sector boom; Taiwanese chipmakers are hopeful benefits will come to them too The worst could be over for the New Taiwan dollar as China’s economic recovery and a rebound in the chip industry will support the beleaguered currency, analysts said. The NT dollar is on course to weaken for a sixth month, the longest stretch since 2006, after foreign funds turned sour on its technology sector and risk sentiment deteriorated on slower growth in China. The tide seems to be turning now on nascent signs of stabilization in China’s economy — its biggest trading partner — following policy boosts. The yuan emerged as the best-performing Asian currency last week, followed by the Japanese yen
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