The nation’s central bank will issue 400 million commemorative banknotes with a denomination of NT$100 to celebrate the centennial of the Republic of China (ROC), a bank official said yesterday.
Tsai Yan-shu (蔡炎樹), -director-general of the central bank’s -issuance department, said that the size, design, color and -forgery-proof identification of the new banknotes will be the same as those of the NT$100 bills currently in circulation.
However, Chinese characters reading “celebrating the 100th anniversary of the ROC” will be added to the left half of the reverse side of the bill, while the obverse will bear a portrait of the ROC’s founding father, Sun Yat-sen (孫逸仙).
PHOTO: LO PEI-DER, TAIPEI TIMES
The ROC will celebrate its 100th anniversary next year.
Tsai said the central bank will decide whether to increase the number of new bills issued depending on how they are accepted by the public.
Taiwan’s central bank will -commission the Bank of Taiwan to sell the banknotes from Jan. 6 next year.
In addition, 300,000 sets of uncut commemorative sheets, each comprising three NT$100 bills bearing consecutive serial numbers, will also be sold by the Bank of Taiwan at NT$500 per set.
Notes with serial numbers considered auspicious, such as 111111, 222222, 888888, 999999, 100000, 123456 and 168168, will be auctioned off, it said.
Hon Hai Precision Industry Co (鴻海精密) yesterday said that its research institute has launched its first advanced artificial intelligence (AI) large language model (LLM) using traditional Chinese, with technology assistance from Nvidia Corp. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said the LLM, FoxBrain, is expected to improve its data analysis capabilities for smart manufacturing, and electric vehicle and smart city development. An LLM is a type of AI trained on vast amounts of text data and uses deep learning techniques, particularly neural networks, to process and generate language. They are essential for building and improving AI-powered servers. Nvidia provided assistance
DOMESTIC SUPPLY: The probe comes as Donald Trump has called for the repeal of the US$52.7 billion CHIPS and Science Act, which the US Congress passed in 2022 The Office of the US Trade Representative is to hold a hearing tomorrow into older Chinese-made “legacy” semiconductors that could heap more US tariffs on chips from China that power everyday goods from cars to washing machines to telecoms equipment. The probe, which began during former US president Joe Biden’s tenure in December last year, aims to protect US and other semiconductor producers from China’s massive state-driven buildup of domestic chip supply. A 50 percent US tariff on Chinese semiconductors began on Jan. 1. Legacy chips use older manufacturing processes introduced more than a decade ago and are often far simpler than
STILL HOPEFUL: Delayed payment of NT$5.35 billion from an Indian server client sent its earnings plunging last year, but the firm expects a gradual pickup ahead Asustek Computer Inc (華碩), the world’s No. 5 PC vendor, yesterday reported an 87 percent slump in net profit for last year, dragged by a massive overdue payment from an Indian cloud service provider. The Indian customer has delayed payment totaling NT$5.35 billion (US$162.7 million), Asustek chief financial officer Nick Wu (吳長榮) told an online earnings conference. Asustek shipped servers to India between April and June last year. The customer told Asustek that it is launching multiple fundraising projects and expected to repay the debt in the short term, Wu said. The Indian customer accounted for less than 10 percent to Asustek’s
Gasoline and diesel prices this week are to decrease NT$0.5 and NT$1 per liter respectively as international crude prices continued to fall last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. Effective today, gasoline prices at CPC and Formosa stations are to decrease to NT$29.2, NT$30.7 and NT$32.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost NT$27.9 per liter at CPC stations and NT$27.7 at Formosa pumps, the companies said in separate statements. Global crude oil prices dropped last week after the eight OPEC+ members said they would
RSS