US hotel operator Hilton Worldwide Holdings is next month to launch its third property in the nation, Hotel Resonance Taipei (台北時代寓所), despite the COVID-19 pandemic that has diminished international travel.
Hotel Resonance Taipei is a joint venture between Tapestry Collection by Hilton and Tainan-based Prince Housing and Development Corp (太子建設) to cater to technology-savvy business and leisure travelers.
Located on Taipei’s Linsen S Road near the MRT Shandao Temple Station, the hotel — which features 175 guestrooms, a Starbucks cafe, a wellness spa and other amenities — is available for reservations from NT$3,360 (US$116.62) per night ahead of its opening.
Photo: CNA
The property sits on a 1,091 ping (3,607m2) lot, the superficies rights of which Fubon Life Insurance Co (富邦人壽) won for NT$2.61 billion in April 2013 and later leased it to Prince Housing and Development.
Hotel Resonance Taipei is Prince Housing and Development’s second lodging facility after W Hotel in Taipei’s prime Xinyi District (信義).
It is the first hotel under the Tapestry brand in the Asia-Pacific region, reflecting confidence on the part of the US hotelier about the region’s tourism market.
Hotel executives declined to speculate on occupancy and room rates for the first year after the opening, but said they hoped that independent tourists would account for 90 percent of its customers after the world emerges from the COVID-19 pandemic.
The convenient location, just one stop from the Taipei Main Station, Michelin-star restaurants and popular tourist attractions, would lend support to its business, hotel executives said.
LIMITED IMPACT: Investor confidence was likely sustained by its relatively small exposure to the Chinese market, as only less advanced chips are made in Nanjing Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) saw its stock price close steady yesterday in a sign that the loss of the validated end user (VEU) status for its Nanjing, China, fab should have a mild impact on the world’s biggest contract chipmaker financially and technologically. Media reports about the waiver loss sent TSMC down 1.29 percent during the early trading session yesterday, but the stock soon regained strength and ended at NT$1,160, unchanged from Tuesday. Investors’ confidence in TSMC was likely built on its relatively small exposure to the Chinese market, as Chinese customers contributed about 9 percent to TSMC’s revenue last
With this year’s Semicon Taiwan trade show set to kick off on Wednesday, market attention has turned to the mass production of advanced packaging technologies and capacity expansion in Taiwan and the US. With traditional scaling reaching physical limits, heterogeneous integration and packaging technologies have emerged as key solutions. Surging demand for artificial intelligence (AI), high-performance computing (HPC) and high-bandwidth memory (HBM) chips has put technologies such as chip-on-wafer-on-substrate (CoWoS), integrated fan-out (InFO), system on integrated chips (SoIC), 3D IC and fan-out panel-level packaging (FOPLP) at the center of semiconductor innovation, making them a major focus at this year’s trade show, according
DEBUT: The trade show is to feature 17 national pavilions, a new high for the event, including from Canada, Costa Rica, Lithuania, Sweden and Vietnam for the first time The Semicon Taiwan trade show, which opens on Wednesday, is expected to see a new high in the number of exhibitors and visitors from around the world, said its organizer, SEMI, which has described the annual event as the “Olympics of the semiconductor industry.” SEMI, which represents companies in the electronics manufacturing and design supply chain, and touts the annual exhibition as the most influential semiconductor trade show in the world, said more than 1,200 enterprises from 56 countries are to showcase their innovations across more than 4,100 booths, and that the event could attract 100,000 visitors. This year’s event features 17
Germany is to establish its first-ever national pavilion at Semicon Taiwan, which starts tomorrow in Taipei, as the country looks to raise its profile and deepen semiconductor ties with Taiwan as global chip demand accelerates. Martin Mayer, a semiconductor investment expert at Germany Trade & Invest (GTAI), Germany’s international economic promotion agency, said before leaving for Taiwan that the nation is a crucial partner in developing Germany’s semiconductor ecosystem. Germany’s debut at the international semiconductor exhibition in Taipei aims to “show presence” and signal its commitment to semiconductors, while building trust with Taiwanese companies, government and industry associations, he said. “The best outcome