Taiwan and China are planning to invest NT$300 billion (US$9.1 billion) to explore the potential of wind power generation in Penghu, said TECO Electric & Machinery Co Ltd (東元電機) chairman Liu Chao-kai (劉兆凱), who is also the chairman of Taiwan Wind Energy Association.
Liu was speaking at yesterday’s Cross-Strait Wind Energy Forum, which attracted more than 500 company executives.
The forum, which ends today, aims to investigate ways in which the two countries could collaborate on this booming alternative energy industry, the organizer said in a press statement yesterday, adding that the potential market value could reach US$100 billion by 2011.
WIND FARMS
Liu said local wind energy companies preferred the flexibility of smaller wind farms not connected to a central electric power transmission network. Smaller facilities are also not required to apply for operating licenses, Liu said.
Smaller wind farms also mean scattered electrical grids in isolated areas operated by various providers, which is actually suitable for the country’s diverse terrain, he said.
TECO is diversifying its bets by covering both large and small wind turbines by seeking international partnerships such as in northern Europe, he said.
TECO will also seek local component suppliers for its wind turbine manufacturing, Liu said, adding that the company aimed to launch its first wind turbine next year.
“We hope to experience tremendous growth within three years,” Liu said.
GOLDWIND
Unlike TECO, Xinjiang-based Goldwind Science & Technology Co Ltd (金風科技) focuses on large-scale wind turbines.
Since its inception in 1997, Goldwind has focused on importing technology, outsourcing, research and development and vertical integration through acquisitions of companies that specialize in power converters, Goldwind chairman and chief executive Wu Gang (武鋼) told a media briefing yesterday.
So far, the Chinese alternative energy firm has sold more than 5,000 wind turbines, has a market value of 40 billion yuan (US$5.85 billion) and experienced annual growth of more than 100 percent over the past eight years, Wu said.
“This year we expect 10 billion yuan in profit,” he said.
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
Chinese entrepreneur Frank Gao used to spend long hours running his social media accounts but now outsources the chore to artificial intelligence (AI) agent tool OpenClaw, which is taking China by storm despite official warnings over cybersecurity. OpenClaw, created in November by an Austrian coder, differs from bots such as ChatGPT because it can execute real-life tasks such as sending e-mails, organizing files or even booking flight tickets. “Since January, I’ve spent hours on the lobster every day,” Gao said in an interview, referring to OpenClaw’s red crustacean mascot. “We’re family.” After downloading OpenClaw, users connect it to artificial intelligence models of their
PROJECTION: TSMC said it expects strong growth this year, with revenue in US dollars projected to grow by about 30 percent, outperforming the industry Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales last month reached NT$317.66 billion (US$9.98 billion), the highest ever for the month of February, driven by robust demand for chips built using the company’s advanced 3-nanometer (3nm) process. Last month’s figure was up 22.2 percent from a year earlier, but fell 20.8 percent from January, the world’s largest contract chipmaker said in a statement. For the first two months of the year, TSMC posted cumulative sales of NT$718.91 billion, up 29.9 percent from a year earlier. Analysts attributed the growth to sustained global demand for artificial intelligence (AI) products
RSS