Minister of Economic Affairs Steve Chen (陳瑞隆) decorated Ray Lin (林瑞岳), chairman of the Tex-Ray Group (南緯公司), with an Economic Medal yesterday in recognition of his contribution to improving ties between Taiwan and Swaziland.
Absalom Dlamini, Swaziland's minister of economic planning and development, was among the guests at the presentation ceremony at the Ministry of Economic Affairs. The Economic Medal is the top honor bestowed by the ministry on individuals or organizations who have made an outstanding contribution to the nation in the field of economic affairs.
Lauding Lin and his business group, Chen said during the ceremony that over the years, Lin had not only invested in Swaziland, helping cement economic and trade exchanges between the two countries, but has also made many more friends in the African ally by channeling large amounts of money to Swaziland for social work.
Dlamini was visiting Taiwan for the 11th Economic and Technology Cooperation Conference between Taiwan and Swaziland.
Lin's Tex-Ray Group established its Tex-Ray Investment Swaziland offshoot in 2001, and now operates eight firms there which employ approximately 8,000 people working on integrated production lines.
Tex-Ray Investment Swaziland is also planning to invest in biotech and pharmaceutical research and development in Swaziland.
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has appointed Rose Castanares, executive vice president of TSMC Arizona, as president of the subsidiary, which is responsible for carrying out massive investments by the Taiwanese tech giant in the US state, the company said in a statement yesterday. Castanares will succeed Brian Harrison as president of the Arizona subsidiary on Oct. 1 after the incumbent president steps down from the position with a transfer to the Arizona CEO office to serve as an advisor to TSMC Arizona’s chairman, the statement said. According to TSMC, Harrison is scheduled to retire on Dec. 31. Castanares joined TSMC in
EUROPE ON HOLD: Among a flurry of announcements, Intel said it would postpone new factories in Germany and Poland, but remains committed to its US expansion Intel Corp chief executive officer Pat Gelsinger has landed Amazon.com Inc’s Amazon Web Services (AWS) as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker. Intel and AWS are to coinvest in a custom semiconductor for artificial intelligence computing — what is known as a fabric chip — in a “multiyear, multibillion-dollar framework,” Intel said in a statement on Monday. The work would rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares rose more than 8 percent in late trading after the
RSS