Domestic gasoline and diesel prices in Taiwan are to move higher today as fears of a crude oil supply glut continue to ease, Taiwan’s two major suppliers said yesterday.
State-owned oil refiner CPC Corp, Taiwan (CPC, 台灣中油) said it is to raise gasoline and diesel prices by NT$1.1 and NT$1.2 per liter, respectively, the steepest hike in 27 months.
After the adjustments, prices at CPC gas stations are to be NT$26.1 per liter for 92-octane unleaded, NT$27.6 per liter for 95 unleaded and NT$29.6 per liter for 98 unleaded, while the price of super diesel is to be NT$23.9 per liter.
Domestic fuel prices at CPC gas stations nationwide fell to their lowest in 15 months in the week starting on Dec. 30, when the prices were NT$24.5 per liter for 92-octane unleaded, NT$26 per liter for 95 unleaded, NT$28 per liter for 98 unleaded and NT$22.2 per liter for super diesel.
However, following a jump in international crude oil prices, this is the second week in a row that CPC has raised its fuel prices, increasing gasoline and diesel prices by a total of NT$1.6 and NT$1.7 respectively since Sunday last week.
International crude oil prices continued to rebound last week as major oil producers, led by Saudi Arabia, the world’s largest exporter of crude oil, agreed to collectively cut output.
Formosa Petrochemical Corp (台塑石化), the nation’s only listed oil refiner, yesterday announced identical price increases from today, to reflect the increase in international crude oil prices.
After the adjustments, prices at Formosa Petrochemical gas stations nationwide are to be NT$26.1 per liter for 92-octane unleaded, NT$27.5 per liter for 95 unleaded, NT$29.6 per liter for 98 unleaded and NT$23.7 per liter for super diesel, the company said.
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
RSS