Tatung University president Chu Wen-chen (朱文成) yesterday became the first outsider to become Taiwan Power Co’s (Taipower, 台電) president in the state-run company’s 60-year history, but he is facing a long list of challenges.
These challenges include the controversial construction of the Fourth Nuclear Power Plant in Gongliao District (貢寮), New Taipei City (新北市), losses of NT$193.6 billion (US$6.56 billion) and the rising cost of fuel and electricity.
“Taipower must operate more efficiently to rebuild its broken image,” Vice Minister of Economic Affairs Francis Liang (梁國新) said yesterday at a handover ceremony.
Photo: CNA
“We expect Chu to run Taipower from a new perspective and with a new approach,” Liang said.
Chu replaced Lee Han-shen (李漢申), who retired yesterday.
Chu said he agreed with Lee’s business philosophy that Taipower should operate effectively to achieve sales growth without being hindered by a bureaucratic system.
“Taipower is in the service sector, not the manufacturing sector. Taipower’s duty is to provide satisfactory service to its customers. The company should work to achieve this goal,” Chu said.
Chu said his priority after taking office is to improve communication with the public.
Taipower needs to publicize information about electricity supplies as soon as possible to clarify misunderstandings, he added.
“Taipower has to fix many of the ways its business performs, but it was never as bad as some have claimed,” Chu said.
Asked by reporters for his views on the Fourth Nuclear Power Plant, Chu said: “Taipower will seek alternative solutions if a referendum shows a majority of people do not want a new nuclear power plant.”
“We don’t mean to threaten the society. The problem is that if the Fourth Nuclear Power Plant does not become operational, everyone will have to suffer an electricity supply constraint, but we are confident we could solve the problem,” Chu said.
Chu said he would demand that Taipower employees do not collude with contractors, adding that if anything illegal is discovered, the company would report the matter to prosecutors immediately.
STEADY: Prices are to rebound following inventory rebuilding demand, TrendForce said, with Samsung Electronics Co further trimming capacity as it slashes DDR4 lines The contract prices of DRAM chips are to rise by as much as 18 percent sequentially this quarter — the first price upticks in about eight quarters — driven mainly by inventory rebuilding demand for DRAM chips used in mobile devices and PCs, TrendForce Corp (集邦科技) projected yesterday. The price rebound is led by a quarterly increase of mobile DRAM chips, which are to climb between 13 percent and 18 percent quarter-on-quarter this quarter, which has not been seen since the fourth quarter of 2021, the Taipei-based market researcher predicted. Likewise, the price of mainstream PC DDR4 DRAM is expected to bounce
CHINA NOT A FRIEND: ‘Newsflash: Democracy is good for your businesses,’ US Secretary of Commerce Gina Raimondo said as she gave a speech at a national defense forum US Secretary of Commerce Gina Raimondo on Saturday urged lawmakers, Silicon Valley and US allies to stop China from getting semiconductors and cutting-edge technologies key to national security. Speaking at an annual national defense forum in Simi Valley, California, Raimondo called Beijing “the biggest threat we’ve ever had” and stressed that “China is not our friend.” The world’s top two economies are locked in a fierce commercial and geopolitical rivalry, in which her department plays a leading role. In October, Raimondo unveiled a series of restrictions on the export of advanced chips to China, including those used in the development of artificial intelligence
SOLID FOUNDATION: Given its decades of expertise in megatronics, manufacturing and robotics, Japan has the wherewithal to create its own AI, Jensen Huang said Nvidia Corp plans to help build an artificial intelligence (AI) tech-related ecosystem in Japan to meet demand in a country eager to gain an edge in this emerging technology. The US company will seek to partner with Japanese research organizations, companies and start-ups to build factories for AI, Nvidia CEO Jensen Huang (黃仁勳) said yesterday during opening remarks in a meeting with Japanese Minister of Economy, Trade and Industry Yasutoshi Nishimura. The company is to set up an AI research laboratory, and invest in local start-ups and educate the public on using AI, Huang said. Huang earlier this week met with Japanese Prime
A Hong Kong court postponed a court hearing on troubled Chinese property developer Evergrande Group’s (恆大集團) winding-up petition scheduled for yesterday until Jan. 29. Evergrande is trying to win support from its creditors for a plan to restructure more than US$300 billion in debt to stave off liquidation. The company’s lawyer told the court it was requesting an adjournment to “refine” its new debt restructuring plan. The Hong Kong High Court has postponed the hearing over Evergrande’s potential liquidation several times. Judge Linda Chan (陳靜芬) had said in October that yesterday’s hearing would be the last before a decision is handed down. Chan