Bill Gates and Warren Buffett — who persuaded 40 US billionaires to donate a fortune to charity — will meet a select group of wealthy individuals in China next month, a spokesperson said yesterday.
Microsoft mogul Gates and investment guru Buffett launched a project in June called “The Giving Pledge” aimed at convincing billionaires across the US to give up most of their money — 50 percent or more — to a good cause.
FORTY FORTUNES
Just six weeks later, 40 wealthy individuals and their families — including CNN founder Ted Turner and New York City Mayor Michael Bloomberg — pledged to hand over more than half of their fortunes.
A spokesperson for the project, who refused to be named, said yesterday that while Gates and Buffett were planning to visit China next month, the Giving Pledge effort was still focused on the US for now.
GLOBAL RESONANCE
“However, Warren, Bill and Melinda [Gates’ wife] have been talking about giving and philanthropy with groups of people around the world over the past year and are planning to do more of it this year,” the spokesperson said. “The basic idea — that those with great wealth can and should devote that wealth to efforts to leave the world a better place — has resonance around the globe.”
China has the second-highest number of US dollar billionaires in the world after the US, according to Forbes magazine, and one of them has already preceded Buffett and Gates’ project by donating his fortune to charity.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
STABLE RESULTS: Despite June’s lower consolidated revenue, second-quarter sales still reached a record high, driven by demand for chips for AI applications Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales of NT$263.71 billion (US$9.02 billion) for last month, its second-lowest monthly result this year. The world’s largest contract chipmaker said in a statement that its revenue last month only fared better than the NT$260.01 billion posted in February. Last month’s figure rose 26.9 percent from a year earlier, but slumped 17.7 percent from May, the company said. However, second-quarter revenue reached NT$933.8 billion, a record high for a single quarter, company data showed. The figure represented growth of 11.26 percent from the first quarter and 38.6 percent from a year earlier. Previously, TSMC said that
RSS