Chunghwa Telecom Co (中華電信), the nation's biggest telecom operator, said yesterday it was evaluating the feasibility of increasing its stake in Taipei Financial Center Corp (台北金融大樓公司), the operator of the world's tallest skyscraper, Taipei 101.
This was part of the telecom firm's bigger intention to tap into the nation's property market after the carrier said last month it would spend NT$5 billion to set up a property development and management subsidiary by the end of the year at the earliest.
Shares of Chunghwa Telecom rose 1.04 percent to NT$58.5, outpacing the benchmark TAIEX index's 0.17 percent gain.
under review
"We are evaluating [the case]. I cannot comment further as this is confidential," Chunghwa Telecom spokesman Chang Feng-hsiung (張豐雄) said by telephone.
Chunghwa Telecom holds 11.76 percent of Taipei Financial Center's shares, Ministry of Economic Affairs data showed.
Chang's comment came after the Chinese-language Economic Daily News reported yesterday that Chunghwa Telecom intended to purchase the 15 percent stake, or 370.34 million shares of Taipei Financial Center, owned by financially distressed China United Trust Investment Corp (中聯信託).
China United Trust went into receivership in March, with the state-run Central Deposit Insurance Co (
failed auction
Central Deposit Insurance failed to sell China United's holding of Taipei Financial Center early this month, as no bidder joined the first-round auction. The minimum bid price was set at NT$3.69 billion (US$112 million), or NT$9.97 per share.
Central Deposit Insurance had informed the original investors of Taipei Financial Center -- Chunghwa Telecom, China Development Industrial Bank (
If none of the three showed any interest, Central Deposit Insurance will hold a second round of bidding, the report said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
MAJOR CONTRIBUTOR: Revenue from AI servers made up more than 50 percent of Wistron’s total server revenue in the second quarter, the company said Wistron Corp (緯創) on Tuesday reported a 135.6 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into the third quarter. Revenue last month reached NT$209.18 billion (US$7.2 billion), a record high for June, bringing second-quarter revenue to NT$551.29 billion, a 129.47 percent annual increase, the company said. Revenue in the first half of the year totaled NT$897.77 billion, up 87.36 percent from a year earlier and also a record high for the period, it said. The company remains cautiously optimistic about AI server shipments in the third quarter,
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
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