Citibank Taiwan Ltd (台灣花旗) on Thursday held a grand opening ceremony for a smart banking branch in Changhua City that was upgraded from a regular one.
After building its presence in Taiwan over the past 55 years, the upgraded branch is Citibank’s latest effort to provide services and products catering to the needs of local clients after introducing its Citibank Global Wallet and premium Citi Prestige Card.
Citibank country business manager Dennis Hussey said that upgrading the Changhua branch demonstrates the bank’s commitment to furthering its investments in Taiwan and offering localized services.
Photo courtesy of Citibank Taiwan Ltd
About 80 percent of Citibank’s branches in Taiwan have been upgraded, and it will continue to renew facilities at local branches and enhance the professional skills of its staff, with an aim to create a homely environment.
As Citibank has long been dedicated to providing global and innovative services, it plans to introduce a new product, portfolio finance, in the middle of next month to help clients rejuvenate assets and to offer an agile approach to utilize capital.
The upgraded branch, which is on Xiaoyang Road adjacent to the bustling business circle of Changhua City, provides a comfortable space for clients to access real-time market information, product offerings and Web banking services.
One-on-one servicea are available at its Wealth Management Consultancy Area.
The branch has been in operation for more than 28 years, with 46 percent of its clients having used it for at least 15 years. To provide more comprehensive services, Citibank moved the branch to a new building to facilitate the upgrade. Local craftsmen from 50-year-old Cheng Li Wood Co Ltd (正利木器) were hired to give the interior a unique touch. The craftsmen created special wood patterns, signifying blessings, to adorn the windows.
With the decorative windows, Citibank aims to show the connection between the bank and local culture, and also reintroduce Lukang’s long-forgotten wooden crafts to young people, as the carpentry industry was once a source of local pride.
TECH TITANS: Amazon’s latest chip joins Google in competing for the 90 percent market share held by Nvidia, which claims it is ‘a generation ahead of the industry’ Amazon Web Services (AWS) on Tuesday launched its in-house-built Trainium3 artificial intelligence (AI) chip, marking a significant push to compete with Nvidia Corp in the lucrative market for AI computing power. The move intensifies competition in the AI chip market, where Nvidia dominates with an estimated 80 to 90 percent market share for products used in training large language models that power the likes of ChatGPT. Google last week caused tremors in the industry when it was reported that Facebook-parent Meta Platforms Inc would employ Google AI chips in data centers, signaling new competition for Nvidia. This followed the release last month of
Contract chipmaker United Microelectronics Corp (UMC, 聯電) yesterday said it has signed a memorandum of understanding (MOU) with Polar Semiconductor LLC to collaborate on the production of 8-inch wafers in the US. The collaboration aims to strengthen 8-inch wafer manufacturing in the US amid Washington’s efforts to increase onshore manufacturing of semiconductors, contribute to supply chain resilience against shifting geopolitical dynamics, and ensure a secure domestic supply of power semiconductors critical to automotive, electric grids, robotic manufacturing and data centers, the companies said in a joint statement. Under the MOU, Polar and UMC will identify devices for Polar to manufacture at
INSULATED: The company said it is less exposed to global complications, as it has built a strong footprint worldwide, and has multiple sources of rare earths and raw minerals Merck Group yesterday said it would ramp up production next year at its new flagship facility in Kaohsiung’s Lujhu District (路竹) to satisfy growing demand for advanced semiconductor materials and specialty gases, and to address supply resilience issues amid mounting geopolitical risks. Merck made the remarks during a news conference before the inauguration of its 500 million euros (US$582.1 million) facility, which is also to supply other markets in the Asia-Pacific region, it said. Merck executive board deputy chair and electronics CEO Kai Beckmann told reporters the company adopted a “local-for-local” strategy about seven years ago to address the cycle time of
Two companies wholly owned by the daughter of the founder of Hon Hai Precision Industry Co (鴻海精密) on Monday reported to the Taiwan Stock Exchange that they would dispose of all of the Hon Hai shares they hold. In filings with the exchange, Hong Wei Investment Co (鋐維) said it would sell the 2.771 million Hon Hai shares it holds and Frontier Investment Corp (承鋒投資) said it would sell its 2.409 million Hon Hai shares from tomorrow until Jan. 3 next year. The two companies are wholly owned and chaired by Shirley Gou (郭曉玲), the eldest daughter of Hon Hai founder Terry
RSS