The government will wait before proposing any more measures to create jobs because the economic turnaround should mitigate rising unemployment soon, a minister said yesterday.
“We believe there will be a significant decrease in the unemployment rate from September thanks to the measures already in place. The improvement in the business climate will create more jobs in the private sector,” Minister without Portfolio James Hsueh (薛承泰) said.
Hsueh made the remarks at a press conference following an intergovernmental meeting on the unemployment rate that was chaired by Vice Premier Paul Chiu (邱正雄).
Unemployment was 5.94 percent last month, with 647,000 people out of work — an increase of 14,000 people over May, the Directorate-General of Budget, Accounting and Statistics said last week.
“With expansion projects, construction projects, temporary job creation projects and the 2009 to 2012 employment promotion project, the number of jobs created by the end of the year will be between 60,000 and 70,000,” Hsueh said.
Vice Minister of Education Lin Tsong-ming (林聰明) said the ministry had helped place 17,529 new graduates in internships in the public and private sectors under a program it launched in April. The ministry expected to match 10,000 graduates with employers offering regular positions.
The Ministry of Education has estimated that about 40 percent of graduates — or 124,000 of about 310,000 in recent years — enter the job market each year.
Council of Labor Affairs Deputy Minister Pan Shih-wei (潘世偉) said the council would host 18 job fairs by the end of this year to help match job seekers with employers.
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
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
FACTORY SHIFT: While Taiwan produces most of the world’s AI servers, firms are under pressure to move manufacturing amid geopolitical tensions Lenovo Group Ltd (聯想) started building artificial intelligence (AI) servers in India’s south, the latest boon for the rapidly growing country’s push to become a high-tech powerhouse. The company yesterday said it has started making the large, powerful computers in Pondicherry, southeastern India, moving beyond products such as laptops and smartphones. The Chinese company would also build out its facilities in the Bangalore region, including a research lab with a focus on AI. Lenovo’s plans mark another win for Indian Prime Minister Narendra Modi, who tries to attract more technology investment into the country. While India’s tense relationship with China has suffered setbacks
RSS