Chinese National Association of Industry and Commerce (工商協進會) chairman Lin Por-fong (林伯豐) yesterday said that he would not attend a Taiwan-US economic dialogue scheduled for today.
Lin on Tuesday said that he received an invitation from the American Institute in Taiwan (AIT) to join the dialogue, at which US Undersecretary of State for Economic Growth, Energy and the Environment Keith Krach is to attend with his delegation.
“The association will not send a substitute, because there is no time to find one,” the Chinese-language Liberty Times (the Taipei Times’ sister newspaper) reported on its Web site yesterday, citing Lin.
The story cited sources saying that AIT does not like participants to talk about the event and conveyed its concerns after Lin spoke with the media.
Lin, who is chairman of Taiwan Glass Industry Corp (台灣玻璃) said that the association needs only to respond to the Ministry of Economic Affairs, because the ministry — not other institutes — is in charge of regulating and supporting local industries, he said.
Prior to Krach’s arrival, local media reported that he was to host the US-Taiwan Economic and Commercial Dialogue — a new platform established to bolster bilateral economic ties — after President Tsai Ing-wen (蔡英文) last month said that the government would work to lift restrictions on imports of US pork and beef, days after US Secretary of Health and Human Services Alex Azar visited Taiwan.
UNWANTED ATTENTION: In the past two months, the automaker has made headlines, with a Chinese military ban of its vehicles and a protest at an expo Electric vehicle maker Tesla Inc, facing scrutiny in China over safety and customer service complaints, is boosting its engagement with regulators and beefing up its government relations team, industry sources said. Tesla’s change of strategy leading to more behind-the-scenes interaction with policymakers in Beijing compared with relatively little previously shows the seriousness with which the US automaker views the setbacks in its second-biggest market. TALKING SHOP It also comes at a time when China is trying to regulate large and powerful private companies, especially in the technology sector, on concerns about their market dominance. As they do elsewhere, regulators in China, the world’s biggest
Dell Technologies Inc has agreed to sell its Boomi cloud business to private equity firms Francisco Partners and TPG in a cash deal valued at US$4 billion, as part of efforts by chief executive officer Michael Dell to trim down the PC maker. The deal is expected to close by the end of this year, the companies said in a statement on Sunday without providing additional details of the terms. Dow Jones had earlier reported that the companies were near a deal. Boomi specializes in integrating different cloud platforms for companies and has more than 15,000 customers. Dell agreed to acquire the company for
Intel Corp wants 8 billion euros (US$9.7 billion) in public subsidies toward building a semiconductor factory in Europe, chief executive officer Pat Gelsinger was cited as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies. The pitch is the first time that Gelsinger has publicly put a figure on how much state aid he would want, as Intel campaigns to take on Asian rivals in contract manufacturing. “What we’re asking from both the US and the European governments is to make it competitive for us to do it here, compared to in Asia,”
GlobalWafers Co (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday said that it is considering further capacity expansion as customers are requesting more capacity due to rising end-market demand and persistent supply constraints. The Hsinchu-based company said that emerging technologies and applications from 5G, artificial intelligence and electric vehicles are driving semiconductor demand. The semiconductor industry has a positive outlook for this year and beyond, with shipments of all diameters of wafers to increase through 2023, GlobalWafers said. “We have received requests for expansion from many strategic partners. We are now in discussions with customers,” company chairwoman Doris Hsu (徐秀蘭) told a