Uber Technologies Inc yesterday outlined plans it said would demonstrate its commitment to Taiwan.
Taipei has been added to Uber Movement, its global initiative to study traffic data to optimize resource allocation and prevent congestion, the US ride-sharing company said.
The initiative aims to help governments and civic groups understand the impacts of large-scale events and integrate public and private transportation resources, company officials said.
It is also working with the Ministry of Transportation and Communications on a pilot program to help smaller taxi fleets that lack the resources to develop their own cab-hailing apps to adopt its uberTAXI platform as part of its “Mobility as a Service” project, they said.
Rather than competing against local taxi fleets, Uber aims to work with the industry to expand the market and create more opportunities through innovation, Uber Asia Pacific public policy director Emilie Potvin said.
The company is also working with Hsinchu Science Park (新竹科學園區) to develop a ride-sharing program for people working in the park, officials said.
“Uber is committed to Taiwan and today we are doubling our commitment,” Uber chief operating officer Barney Harford said in his address to the “Smart Cities — The Future of Transportation” forum in Taipei organized by the American Institute in Taiwan.
Taiwan’s technology supply chain would also play an integral part in Uber Elevate, it said.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
An earnings report from semiconductor giant and artificial intelligence (AI) bellwether Nvidia Corp takes center stage for Wall Street this week, as stocks hit a speed bump of worries over US federal deficits driving up Treasury yields. US equities pulled back last week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the US government’s US$36 trillion in debt. Long-dated US Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5 percent and hitting its highest level since late 2023. Stocks were dealt another blow on Friday when US President Donald
UNCERTAINTY: Investors remain worried that trade negotiations with Washington could go poorly, given Trump’s inconsistency on tariffs in his second term, experts said The consumer confidence index this month fell for a ninth consecutive month to its lowest level in 13 months, as global trade uncertainties and tariff risks cloud Taiwan’s economic outlook, a survey released yesterday by National Central University found. The biggest decline came from the timing for stock investments, which plunged 11.82 points to 26.82, underscoring bleak investor confidence, it said. “Although the TAIEX reclaimed the 21,000-point mark after the US and China agreed to bury the hatchet for 90 days, investors remain worried that the situation would turn sour later,” said Dachrahn Wu (吳大任), director of the university’s Research Center for
RSS