Hon Hai Precision Industry Co (鴻海精密) yesterday announced the establishment of an industry group dedicated to cybersecurity for electric vehicles (EVs).
The E-Vehicle Cybersecurity Alliance, which was launched at a forum in Taipei by the Hon Hai Research Institute and the Chinese Cryptology and Information Security Association, would ensure that EVs are safe from hackers, Hon Hai chairman Young Liu (劉揚偉) said.
Taiwan’s business sector, research institutes and the government should work together to facilitate the development of data-secure vehicles, he added.
Photo: Chen Rou-chen, Taipei Times
“Hacking used to be a problem limited to computers, but in the age of 5G, everything can be hacked because everything is online,” Liu said. “It will be a key challenge in the next 10 or 20 years. If your vehicle is hacked, it can easily be stolen. It is not just an information technology problem, but the problem of every EV owner.”
Wu Tsung-cheng (吳宗成), a professor at National Taiwan University of Science and Technology, said that cybersecurity and privacy are indispensable in EV development.
The alliance would help build a safe and reliable environment for EV users, Wu said.
“US entrepreneur Marc Andreessen famously said that software is eating the world, but now software 2.0 is eating software 1.0,” Hon Hai chief technology officer William Wei (魏國張) said. “This means that instead of coding directly, programmers are using artificial intelligence to generate code.”
The Hon Hai Research Institute was inaugurated in January to focus on new technology development, including EVs. It has five main areas of research: artificial Intelligence, semiconductors, next-generation communications, cybersecurity and quantum computing.
Additional reporting by CNA
RETAIL BANKING EXIT: Clients are concerned whether their rights would be protected, while employees were caught by surprise as the bank had just upgraded its services Citibank Taiwan Ltd (花旗台灣) yesterday said that credit card clients could continue using their cards as operations would continue normally until it sells its consumer banking business. As of February, the bank had 2.86 million credit cards in circulation in Taiwan, of which 2.17 million had been used in the past six months, ranking it sixth among all banks, data from the Financial Supervisory Commission showed. Credit card spending by Citibank clients totaled NT$15.66 billion (US$552.6 million) in February, also ranking sixth among banks in Taiwan. Citibank was the only foreign bank that made it into the top six. Customers should not
FUTURE GROWTH: TSMC chief executive officer C.C. Wei said customer demand for 3 and 5-nanometer technologies is so strong that it needs to spend on more capacity Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised this year’s capital expenditure to a record US$30 billion, as demand for advanced chips used in high-performance-computing (HPC) applications is stronger than last quarter. The figure surpasses the chipmaker’s allocation in January of US$25 billion to US$28 billion. The investment is part of a three-year US$100 billion capital expansion plan that TSMC unveiled earlier this month. “As we enter a period of higher growth, underpinned by the multiple years of structural mega-trends of 5G-related and HPC applications, we believe a higher level of capital investment is necessary to capture the future growth opportunities,” TSMC
PANDEMIC EFFECT: Chromebook shipments in the first quarter more than tripled from a year earlier, driven primarily by educational institutions in North America Despite a semiconductor shortage, global PC shipments in the first quarter of this year increased 32 percent from a year earlier, preliminary data from research firm Gartner Inc showed. Shipments in the January-to-March period totaled 69.87 million units from 52.93 million units a year earlier, Gartner said in a report on Monday last week. The quarterly increase in shipments marked the fastest annual growth since it began tracking the PC market in 2000, Gartner said. “This growth should be viewed in the context of two unique factors: comparisons against a pandemic-constrained market and the current global semiconductor shortage,” Gartner research director Mikako Kitagawa
UNWINDING BIGGEST DEAL: Five years ago, Dell acquired VMware’s parent, EMC Corp, for US$67 billion, which helped the PC maker to branch out from its origins Dell Technologies Inc on Wednesday said that it would spin off its stake in VMware Inc, creating two publicly traded companies and raising cash to pay down debt. Its shares jumped on the announcement. The spinoff would unwind, at least in part, a consolidation created five years ago in Dell’s US$67 billion acquisition of VMware’s parent, EMC Corp. The spending spree helped Dell branch out from its origins as a PC maker, but left the company saddled with debt. VMware would distribute a special cash dividend of US$11.5 billion to US$12 billion to shareholders at the close of the deal, which is