The Financial Supervisory Commission (FSC) yesterday said that 39 domestic publicly traded companies, among 52 companies whose China-bound investments have exceeded their ceilings, will be immediately rewarded by the government's relaxation policy of increasing the previous 40 percent cap to 60 percent of their net assets.
“The new policy will take effect after Aug. 1 to benefit companies planning to increase investments in China, while offering incentives for them to set up headquarters in Taiwan,” FSC Chairman Gordon Chen (陳樹) told a media briefing.
“Local businesses no longer need to detour into China any more,” he said.
In spite of the government’s new deregulatory move, Chinese investments made by the remaining 13 companies, however, will still exceed their ceilings.
“The reason is mainly because they have been ill-performing and their capital bases have reduced,” Securities and Futures Bureau Director General Wu Tang-chieh (吳當傑) told the briefing.
If the 13 firms were headquartered in Taiwan, they would soon be able to enjoy no limit on their China-bound investments, he said.
After the limit-free policy takes effect, 444 publicly traded companies, with a total market capitalization of NT$11 trillion (US$362.33 billion), or 61 percent of all 900 publicly traded firms’ net assets as of the first quarter, would be allowed to freely invest in China, he said.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
TECH RACE: The Chinese firm showed off its new Mate XT hours after the latest iPhone launch, but its price tag and limited supply could be drawbacks China’s Huawei Technologies Co (華為) yesterday unveiled the world’s first tri-foldable phone, as it seeks to expand its lead in the world’s biggest smartphone market and steal the spotlight from Apple Inc hours after it debuted a new iPhone. The Chinese tech giant showed off its new Mate XT, which users can fold three ways like an accordion screen door, during a launch ceremony in Shenzhen. The Mate XT comes in red and black and has a 10.2-inch display screen. At 3.6mm thick, it is the world’s slimmest foldable smartphone, Huawei said. The company’s Web site showed that it has garnered more than
PARTNERSHIPS: TSMC said it has been working with multiple memorychip makers for more than two years to provide a full spectrum of solutions to address AI demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it has been collaborating with multiple memorychip makers in high-bandwidth memory (HBM) used in artificial intelligence (AI) applications for more than two years, refuting South Korean media report's about an unprecedented partnership with Samsung Electronics Co. As Samsung is competing with TSMC for a bigger foundry business, any cooperation between the two technology heavyweights would catch the eyes of investors and experts in the semiconductor industry. “We have been working with memory partners, including Micron, Samsung Memory and SK Hynix, on HBM solutions for more than two years, aiming to advance 3D integrated circuit
Vanguard International Semiconductor Corp (世界先進) and Episil Technologies Inc (漢磊) yesterday announced plans to jointly build an 8-inch fab to produce silicon carbide (SiC) chips through an equity acquisition deal. SiC chips offer higher efficiency and lower energy loss than pure silicon chips, and they are able to operate at higher temperatures. They have become crucial to the development of electric vehicles, artificial intelligence data centers, green energy storage and industrial devices. Vanguard, a contract chipmaker focused on making power management chips and driver ICs for displays, is to acquire a 13 percent stake in Episil for NT$2.48 billion (US$77.1 million).
RSS