Sansiri PLC, Thailand’s only fully-integrated property developer, is courting Taiwan’s property funds to invest in its newest presale project in a central business district in Bangkok.
With help from Blue Ocean Realty Group (藍海房屋), its exclusive broker in Taiwan, the Thai developer is to sell 17 units at The Line Asoke-Ratchada skyscraper to Taiwanese buyers who remain interested in real estate, but frown on fast-growing holding costs and potential price declines, Blue Ocean manager Rich Lee (李進倫) said.
Thailand has attracted foreign property funds in recent years and last year grew into the fourth-largest destination for Taiwanese capital, Lee said.
The government’s “new southbound policy” might provide support to the sales in Taipei over the weekend, Lee added.
Several Taiwanese enterprises have moved to enter the Thai market or deepen their presence, Lee said.
In March, CTBC Financial Holding Co (中信金控) said it would acquire a 35.6 percent stake in Thailand’s LH Financial Group PLC, while Fubon Multimedia Technology Co (富邦媒體科技) has grown into Thailand’s second-largest home shopping network.
Namchow Chemical Industrial Co (南僑化學工業) also announced plans to bolster its operations in Thailand.
The presale project is to cover 38 floors and an adjoining parking structure on a 1,102 ping (3,642m2) plot of land. It is to be comprised of 473 one or two-bedroom apartments priced from NT$4.6 million (US$141,083), the broker said, adding that the new building is near a Bangkok metro station and construction is scheduled to be completed in 2019.
US SANCTIONS: The Taiwan tech giant has ended all shipments to China-based Sophgo Technologies after one of their chips was discovered in a Huawei phone Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) suspended shipments to China-based chip designer Sophgo Technologies Ltd (算能科技) after a chip it made was found on a Huawei Technologies Co (華為) artificial intelligence (AI) processor, according to two people familiar with the matter. Sophgo had ordered chips from TSMC that matched the one found on Huawei’s Ascend 910B, the people said. Huawei is restricted from buying the technology to protect US national security. Reuters could not determine how the chip ended up on the Huawei product. Sophgo said in a statement on its Web site yesterday that it was in compliance with all laws
SPEED OF LIGHT: US lawmakers urged the commerce department to examine the national security threats from China’s development of silicon photonics technology US President Joe Biden’s administration on Monday said it is finalizing rules that would limit US investments in artificial intelligence (AI) and other technology sectors in China that could threaten US national security. The rules, which were proposed in June by the US Department of the Treasury, were directed by an executive order signed by Biden in August last year covering three key sectors: semiconductors and microelectronics, quantum information technologies and certain AI systems. The rules are to take effect on Jan. 2 next year and would be overseen by the Treasury’s newly created Office of Global Transactions. The Treasury said the “narrow
TECH TITANS: Nvidia briefly overtook Apple again on Friday after becoming the world’s largest company for a short period in June, as Microsoft fell to third place Nvidia Corp dethroned Apple Inc as the world’s most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence (AI) chips. Nvidia’s stock market value briefly touched US$3.53 trillion, slightly above Apple’s US$3.52 trillion, London Stock Exchange Group data showed. Nvidia ended the day up 0.8 percent, with a market value of US$3.47 trillion, while Apple’s shares rose 0.4 percent, valuing the iPhone maker at US$3.52 trillion. In June, Nvidia briefly became the world’s most valuable company before it was overtaken by Microsoft Corp and Apple. The tech trio’s market capitalizations have been
SPECIALIZIATION: OpenAI is designing a new type of semiconductor with Broadcom that would run artificial intelligence software and respond to user requests OpenAI is working with Broadcom Inc to develop a new artificial intelligence (AI) chip specifically focused on running AI models after they have been trained, according to two sources familiar with the matter. The AI start-up and chipmaker are also consulting with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest chip contract manufacturer, said the sources, who asked not to be identified because the discussions are private. OpenAI has been planning a custom chip and working on such uses for the technology for about a year, but the discussions are still at an early stage, the sources said. OpenAI declined