PROPERTY
Taisugar to offer land
State-run Taiwan Sugar Corp (Taisugar, 台糖) yesterday said it planned to offer a 1.2 hectare piece of land in Taipei with a floor price of NT$256 million (US$8.47 million) for a superficies deal with the aim to boost private investment, the firm said in a statement. Taisugar is set to release details of the bidding process today. The winning bidder will have the right to use the land for 20 years, while the contract can be extended to up to 50 years. The land will be available for both residential and commercial use, the company said. The result of the bidding will be announced on Feb. 21.
INVESTMENT
Foreign investment declines
Approved foreign and overseas Chinese investment in the nation totaled US$4.93 billion last year, down 11.25 percent year-on-year, according to statistics compiled by the Investment Commission of the Ministry of Economic Affairs on Monday. The commission attributed the decline to a high comparison basis from the previous year, saying that because the number of projects increased, it showed that foreign investors still see the local market in a positive light. In comparison, approved outbound investment excluding China totaled US$5.23 billion last year, down 35.39 percent year-on-year, the commission said. Approved Taiwanese investment in China totaled US$8.68 billion last year. The number of investment projects and amounts declined 3.08 percent and 20.5 percent respectively.
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
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