ECONOMY
Trust in economy rises
People’s confidence in Taiwan’s economy rebounded this month in the wake of a truce in the trade dispute between the US and China reached at the G20 summit late last month, Cathay Financial Holding Co (國泰金控) said. Citing a survey conducted from July 1 to 7, Cathay Financial said that although 35.4 percent of respondents thought the local economy was doing worse than six months earlier, 23.6 percent thought it had improved, an increase from minus-20.1 to minus-11.9 in the optimism index, Cathay Financial said.
SEMICONDUCTORS
TSMC to recruit 3,000
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said that it would hire more than 3,000 people by the end of this year as part of its efforts to develop high-end technology. TSMC said in a statement on Friday that the recruitment campaign would be launched in Hsinchu, Taichung and Tainan. The median salary of the company’s global payroll, excluding retirement payments and allowances, hit about NT$1.58 million (US$50,820) last year, while the median wage of non-manager employees in Taiwan was NT$2.009 million, TSMC said.
FOOD AND BEVERAGE
Yummy Town names head
Yummy Town Holdings Corp (雅茗天地集團), which operates the Happy Lemon (快樂檸檬) bubble tea brand, on Friday said that its board of directors approved the appointment of chief operating officer Chang Miao-ling (張妙苓) as president, from Aug. 1. Chang is to replace Susan Lu (盧小慧), who tendered her resignation due to personal reasons, the company said. Chang, who joined the firm in August 2016 from McDonald’s Restaurants (Taiwan) Co, also resigned from the board, the company said.
Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
SECTOR LEADER: TSMC can increase capacity by as much as 20 percent or more in the advanced node part of the foundry market by 2030, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to lead its peers in the advanced 2-nanometer process technology, despite competition from Samsung Electronics Co and Intel Corp, TrendForce Corp analyst Joanne Chiao (喬安) said. TSMC’s sophisticated products and its large production scale are expected to allow the company to continue dominating the global 2-nanometer process market this year, Chiao said. The world’s largest contract chipmaker is scheduled to begin mass production of chips made on the 2-nanometer process in its Hsinchu fab in the second half of this year. It would also hold a ceremony on Monday next week to
TECH CLUSTER: The US company’s new office is in the Shalun Smart Green Energy Science City, a new AI industry base and cybersecurity hub in southern Taiwan US chip designer Advanced Micro Devices Inc (AMD) yesterday launched an office in Tainan’s Gueiren District (歸仁), marking a significant milestone in the development of southern Taiwan’s artificial intelligence (AI) industry, the Tainan City Government said in a statement. AMD Taiwan general manager Vincent Chern (陳民皓) presided over the opening ceremony for the company’s new office at the Shalun Smart Green Energy Science City (沙崙智慧綠能科學城), a new AI industry base and cybersecurity hub in southern Taiwan. Facilities in the new office include an information processing center, and a research and development (R&D) center, the Tainan Economic Development Bureau said. The Ministry
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
RSS