Chip designer ARM Holdings PLC, which has close ties to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), plans to increase its investments in Taiwan, owner Masayoshi Son said on Saturday.
The Japanese billionaire and founder of Softbank Group Corp said that he wants to relist ARM within five years, reintroducing stock markets to the British chipmaker that his company bought for US$32 billion in 2016.
Softbank has not yet decided where the public offering would be held, Son told a technology forum in Taipei.
Photo: Sam Yeh, AFP
In his first public speech in Taiwan, Son said that artificial intelligence (AI) and the information revolution represent the biggest shift in human history, with AI set to dominate technology development trends and improve human lives, rather than take away jobs.
After the forum, which had the theme “Transformation of global technology industries and capital flows,” Son told reporters that ARM would expand its investments in Taiwan in areas such as the Internet of Things and autonomous vehicles, and would hire more engineers, as well as research and development specialists.
The performance of the nation’s semiconductor and technology industries has been outstanding, he said.
Founded in 1990, ARM quietly grew into the UK’s largest listed tech company before Softbank’s takeover. It designs chips that are licensed to the world’s largest technology companies, and, as a result, just about every smartphone, mobile phone and tablet runs on an ARM chip.
On ARM’s relationship with China’s Huawei Technologies Co (華為), which is facing US restrictions, Son said that ARM respects both the US and the firm’s links with China.
The British chipmaker is complying with US restrictions on Huawei and is seeking clarification on them, Son said.
In response to a question by Hon Hai Precision Industry Co (鴻海精密) founder Terry Gou (郭台銘) on maximizing returns on government-run funds, Son said that there are low-risk methods such as system reform, expert recruitment and maintaining a goal of high returns.
Son said that he would be willing to offer his investment experience and ideas to help the government improve the performance of its national pension fund.
Gou is seeking to obtain the Chinese Nationalist Party’s (KMT) nomination to become its presidential candidate in next year’s election.
One of the main planks of Gou’s platform has been restoring benefits to retired military personnel, civil servants and public-school teachers, which were cut last year to help keep the financially strapped pension system afloat.
Additional reporting by Bloomberg
Luxury hotel Mandarin Oriental Taipei (文華東方酒店) plans to reopen its guestrooms in December to take advantage of a boom in domestic travel. The reopening would come six months after the five-star facility suspended room operations to cut costs as countries across the region impose border controls to contain the COVID-19 pandemic, diminishing demand for business travel. “We are delighted to share that Mandarin Oriental Taipei will resume room operations on December 1,” the hotel said in a statement yesterday. The hotel in Songshan District (松山) said it would adopt stringent health and safety practices to ensure the well-being of its guests and employees. It
HSBC Bank (Taiwan) Ltd (匯豐台灣商銀) has approved two sustainability-linked loans totaling NT$450 million (US$15.55 million) for Taya Group (大亞集團) and Sinbon Electronics Co (信邦電子), the bank said yesterday, adding that interest rates would fall if the borrowers’ sustainability performance improves. Those marked the first sustainability-linked loans granted by HSBC Taiwan, it said. While HSBC Taiwan has experience providing green loans for the nation’s developers of renewable energy sources to support their projects, the bank began focusing on sustainability-linked loans to meet rising demand from companies in other sectors planning to undertake sustainability programs, it said. “As we reward our clients who reach their
FRONTRUNNER: While the company’s global parent has pledged to lower emissions to 2 tonnes per employee, the local subsidiary has curbed its output to 1.8 tonnes HSBC Bank Taiwan Ltd (?豐台灣商銀) is committed to enhancing corporate social responsibility by cutting carbon emissions, boosting sustainable financing and conducting projects that result in positive social impacts such as wild bird protection, the bank said in an interview in Taipei on Friday. The bank aims to reduce its carbon emissions as its parent company, HSBC Holdings PLC, earlier this month said it targets to reduce emissions in its daily operations and supply chains to net zero by 2030, as well as net zero emissions of its portfolio of customers by 2050, it said. HSBC Taiwan has adopted measures to make its
‘NEW TRAVEL MARKET’: The carrier initially planned to lay off about 8,000 people globally, but after government intervention reduced that to 18 percent of its workforce Cathay Pacific Airways Ltd (國泰航空) would cut 6,000 jobs and close its Cathay Dragon brand, the South China Morning Post reported, as part of a strategic review to combat the unprecedented damage caused by the COVID-19 pandemic. The Hong Kong-based airline is expected to officially announce the plan after the market close today, the newspaper said. It initially planned about 8,000 layoffs globally, but after government intervention reduced that to 18 percent of its total workforce, including about 5,000 jobs in Hong Kong, it said. The company, which posted a HK$9.9 billion (US$1.3 billion) loss in the first half, has for months