State-run CPC Corp, Taiwan (CPC, 台灣中油) said yesterday that because of Typhoon Morakot, 35 CPC-owned gas stations were shut down temporarily, while four of its industrial clients in Kaohsiung and Pingtung Counties experienced liquid natural gas (LNG) outages.
Aside from these disturbances, the rest of the oil refiner’s facilities were operating as usual.
CPC chairman Shih Yen-shiang (施顏祥) held an emergency meeting yesterday to assess the post-typhoon situation and offered a direct assistance line (0800-036-188) to local governments and rescue teams should they require immediate fuel relief.
In a statement issued yesterday, CPC said it would resume services gradually at its 35 gas stations.
As to the 10-inch natural gas pipeline running beneath Kaoping River (高屏溪) that ripped apart yesterday morning, affecting four industrial customers, CPC has delegated other vendors to supply substitute LNG in the meantime.
Moreover, CPC increased its natural gas production capacity during this time of crisis to provide uninterrupted service to other consumers.
In related news, as ordered by Minister of Economic Affairs Yiin Chii-ming (尹啟銘), CPC will delay its fuel price adjustment by one week to Friday to minimize disruptions following the typhoon.
CPC’s price for a liter of 98-octane unleaded gasoline will remain at NT$30.5 for another week. The price of 95-octane unleaded gasoline will stay at NT$29.0 and 92-octane unleaded gasoline will stay at NT$28.3 per liter. Diesel is NT$25.7 per liter.
WEAKER ACTIVITY: The sharpest deterioration was seen in the electronics and optical components sector, with the production index falling 13.2 points to 44.5 Taiwan’s manufacturing sector last month contracted for a second consecutive month, with the purchasing managers’ index (PMI) slipping to 48, reflecting ongoing caution over trade uncertainties, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The decline reflects growing caution among companies amid uncertainty surrounding US tariffs, semiconductor duties and automotive import levies, and it is also likely linked to fading front-loading activity, CIER president Lien Hsien-ming (連賢明) said. “Some clients have started shifting orders to Southeast Asian countries where tariff regimes are already clear,” Lien told a news conference. Firms across the supply chain are also lowering stock levels to mitigate
Six Taiwanese companies, including contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), made the 2025 Fortune Global 500 list of the world’s largest firms by revenue. In a report published by New York-based Fortune magazine on Tuesday, Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), ranked highest among Taiwanese firms, placing 28th with revenue of US$213.69 billion. Up 60 spots from last year, TSMC rose to No. 126 with US$90.16 billion in revenue, followed by Quanta Computer Inc (廣達) at 348th, Pegatron Corp (和碩) at 461st, CPC Corp, Taiwan (台灣中油) at 494th and Wistron Corp (緯創) at
NEW PRODUCTS: MediaTek plans to roll out new products this quarter, including a flagship mobile phone chip and a GB10 chip that it is codeveloping with Nvidia Corp MediaTek Inc (聯發科) yesterday projected that revenue this quarter would dip by 7 to 13 percent to between NT$130.1 billion and NT$140 billion (US$4.38 billion and US$4.71 billion), compared with NT$150.37 billion last quarter, which it attributed to subdued front-loading demand and unfavorable foreign exchange rates. The Hsinchu-based chip designer said that the forecast factored in the negative effects of an estimated 6 percent appreciation of the New Taiwan dollar against the greenback. “As some demand has been pulled into the first half of the year and resulted in a different quarterly pattern, we expect the third quarter revenue to decline sequentially,”
ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip assembly and testing service provider, yesterday said it would boost equipment capital expenditure by up to 16 percent for this year to cope with strong customer demand for artificial intelligence (AI) applications. Aside from AI, a growing demand for semiconductors used in the automotive and industrial sectors is to drive ASE’s capacity next year, the Kaohsiung-based company said. “We do see the disparity between AI and other general sectors, and that pretty much aligns the scenario in the first half of this year,” ASE chief operating officer Tien Wu (吳田玉) told an