Sports lotto moves forward
The Ministry of Finance is expected to select the issuing bank for the much-anticipated sports lottery by Sept. 10, while the lotto operations should be launched by April 15 next year, it said in a press statement yesterday. Only local lenders are qualified to submit application, which they must do between July 23 and 31, it said.
Four financial institutions have expressed interest: Chinatrust Commercial Bank (中國信託商銀), Taipei Fubon Bank (台北富邦銀行), Taishin International Bank (台新銀行) and Bank of Kaohsiung (高雄銀行).
ITRI to recruit in US
A delegation organized by the Taiwan-based Industrial Technology Research Institute (ITRI) is set to head to the US next month for recruitment in six major disciplines, ITRI sources reported on Thursday.
The group will hold two separate sessions of the "ITRI Forum 2007 and Career Fair" -- one in New Jersey on June 9 and the other in Silicon Valley, California on June 14.
According to the ITRI, the focus areas of this year's recruitment drive are "information and communications," "advanced manufacturing and systems," "material, chemical and nanotechnologies," "biomedical technologies," "electronics and optoelectronics," and "energy and environment."
NT dollar falls
The New Taiwan dollar fell from a nearly three-month high on Thursday to close NT$0.04 lower at NT$33.019.
Turnover was US$1.139 billion on the Taiwan Forex Inc.
Taiwan will prioritize the development of silicon photonics by taking advantage of its strength in the semiconductor industry to build another shield to protect the local economy, National Development Council (NDC) Minister Paul Liu (劉鏡清) said yesterday. Speaking at a meeting of the legislature’s Economics Committee, Liu said Taiwan already has the artificial intelligence (AI) industry as a shield, after the semiconductor industry, to safeguard the country, and is looking at new unique fields to build more economic shields. While Taiwan will further strengthen its existing shields, over the longer term, the country is determined to focus on such potential segments as
UNCERTAINTY: Innolux activated a stringent supply chain management mechanism, as it did during the COVID-19 pandemic, to ensure optimal inventory levels for customers Flat-panel display makers AUO Corp (友達) and Innolux Corp (群創) yesterday said that about 12 to 20 percent of their display business is at risk of potential US tariffs and that they would relocate production or shipment destinations to mitigate the levies’ effects. US tariffs would have a direct impact of US$200 million on AUO’s revenue, company chairman Paul Peng (彭雙浪) told reporters on the sidelines of the Touch Taiwan trade show in Taipei yesterday. That would make up about 12 percent of the company’s overall revenue. To cope with the tariff uncertainty, AUO plans to allocate its production to manufacturing facilities in
COLLABORATION: Given Taiwan’s key position in global supply chains, the US firm is discussing strategies with local partners and clients to deal with global uncertainties Advanced Micro Devices Inc (AMD) yesterday said it is meeting with local ecosystem partners, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), to discuss strategies, including long-term manufacturing, to navigate uncertainties such as US tariffs, as Taiwan occupies an important position in global supply chains. AMD chief executive officer Lisa Su (蘇姿丰) told reporters that Taiwan is an important part of the chip designer’s ecosystem and she is discussing with partners and customers in Taiwan to forge strong collaborations on different areas during this critical period. AMD has just become the first artificial-intelligence (AI) server chip customer of TSMC to utilize its advanced
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
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