Luxury hotel the Mandarin Oriental Taipei (文華東方酒店), which has temporarily shut guestroom operations since June 1, said that it would not restart them until governments in the region lift travel bans and quarantine requirements amid the COVID-19 pandemic.
The hotel said that it hopes that the global situation would return to normal early next year, but added that it might be wishful thinking in light of spiking infections in many parts of the world.
The property did not cut prices as its peers did over concern that it would compromise its hard-built brand and image, and would prove unprofitable anyway, a communications official said by telephone.
“The strategy of going cheap would not work because Mandarin Oriental Taipei spends lots of money maintaining its extravagant hardware and service quality,” the official said. “Guests motivated by low room rates would not return.”
Furthermore, the hotel has to comply with rules from its international brand, unlike domestic hospitality providers, which have greater flexibility to make changes, the official said.
Other five-star facilities in Taipei, which have been most affected by the downturn amid the pandemic, have sought to stay afloat mainly through their restaurant operations, as well as government subsidies, the official said.
The partial shutdown at Mandarin Oriental Taipei does not affect its restaurants, bars, spa, or conference and banquet facilities, the official said.
Business at restaurants and banquet facilities has almost improved to pre-pandemic levels, they said.
POWERING UP: PSUs for AI servers made up about 50% of Delta’s total server PSU revenue during the first three quarters of last year, the company said Power supply and electronic components maker Delta Electronics Inc (台達電) reported record-high revenue of NT$161.61 billion (US$5.11 billion) for last quarter and said it remains positive about this quarter. Last quarter’s figure was up 7.6 percent from the previous quarter and 41.51 percent higher than a year earlier, and largely in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$160 billion. Delta’s annual revenue last year rose 31.76 percent year-on-year to NT$554.89 billion, also a record high for the company. Its strong performance reflected continued demand for high-performance power solutions and advanced liquid-cooling products used in artificial intelligence (AI) data centers,
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
‘BASICALLY A BAN’: Sources said the wording governing H200 imports from officials was severe, but added that the regulations might change if the situation evolves Chinese customs authorities told customs agents this week that Nvidia Corp’s H200 artificial intelligence (AI) chips are not permitted to enter China, three people briefed on the matter said. Chinese government officials also summoned domestic technology companies to meetings on Tuesday, at which they were explicitly instructed not to purchase the chips unless necessary, two of the people and a third source said. “The wording from the officials is so severe that it is basically a ban for now, though this might change in the future should things evolve,” one of the people said. The H200, Nvidia’s second-most powerful AI chip, is one
A proposed billionaires’ tax in California has ignited a political uproar in Silicon Valley, with tech titans threatening to leave the state while California Governor Gavin Newsom of the Democratic Party maneuvers to defeat a levy that he fears would lead to an exodus of wealth. A technology mecca, California has more billionaires than any other US state — a few hundred, by some estimates. About half its personal income tax revenue, a financial backbone in the nearly US$350 billion budget, comes from the top 1 percent of earners. A large healthcare union is attempting to place a proposal before