A total of 236 financial companies have adopted work-from-home programs, nearly double the 124 firms that had done so as of Monday, amid a surge in COVID-19 infections, Financial Supervisory Commission data showed yesterday.
The number of securities investment trust and consulting companies that allow telecommuting grew threefold from Monday, as most of their staff do not need to interact with customers in-person, the commission said.
The commission has talked with local insurers about the issue and would allow them to use software such as mobile apps to enable sales agents to talk with customers through videoconference, it said.
The software should record a sales agent’s marketing process so insurers can verify that they do not contravene internal controls, it added.
Seven financial companies have reported COVID-19 infections among their personnel, including Fubon Financial Holding Co (富邦金控), state-run Taiwan Cooperative Bank (合庫銀行), EnTie Commercial Bank (安泰銀行), Bank SinoPac (永豐銀行) and Chunghwa Post Co (中華郵政).
Banks are required to notify customers and publicly announce when employees have contracted COVID-19, and must also disinfect the workplace, Banking Bureau Chief Secretary Phil Tong (童政彰) told a videoconference in Taipei.
Separately, chipmaker Vanguard International Semiconductor Corp (世界先進) yesterday said that one employee tested positive for COVID-19 on Monday and has been quarantined, adding that the person is not a production line worker.
Chunghwa Telecom Co (中華電信), the nation’s biggest telecom company, said that an outsourcing worker has tested positive for the disease. The employee has entered quarantine, and the company has disinfected the building in which they worked and plans a second disinfection over the weekend.
Additional reporting by Lisa Wang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) founder Morris Chang (張忠謀) yesterday said that Intel Corp would find itself in the same predicament as it did four years ago if its board does not come up with a core business strategy. Chang made the remarks in response to reporters’ questions about the ailing US chipmaker, once an archrival of TSMC, during a news conference in Taipei for the launch of the second volume of his autobiography. Intel unexpectedly announced the immediate retirement of former chief executive officer Pat Gelsinger last week, ending his nearly four-year tenure and ending his attempts to revive the
WORLD DOMINATION: TSMC’s lead over second-placed Samsung has grown as the latter faces increased Chinese competition and the end of clients’ product life cycles Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) retained the No. 1 title in the global pure-play wafer foundry business in the third quarter of this year, seeing its market share growing to 64.9 percent to leave South Korea’s Samsung Electronics Co, the No. 2 supplier, further behind, Taipei-based TrendForce Corp (集邦科技) said in a report. TSMC posted US$23.53 billion in sales in the July-September period, up 13.0 percent from a quarter earlier, which boosted its market share to 64.9 percent, up from 62.3 percent in the second quarter, the report issued on Monday last week showed. TSMC benefited from the debut of flagship
A former ASML Holding NV employee is facing a lawsuit in the Netherlands over suspected theft of trade secrets, Dutch public broadcaster NOS said, in the latest breach of the maker of advanced chip-manufacturing equipment. The 43-year-old Russian engineer, who is suspected of stealing documents such as microchip manuals from ASML, is expected to appear at a court in Rotterdam today, NOS reported on Friday. He is accused of multiple violations of the sanctions legislation and has been given a 20-year entry ban by the Dutch government, the report said. The Dutch company makes machines needed to produce high-end chips that power
Taiwan would remain in the same international network for carrying out cross-border payments and would not be marginalized on the world stage, despite jostling among international powers, central bank Governor Yang Chin-long (楊金龍) said yesterday. Yang made the remarks during a speech at an annual event organized by Financial Information Service Co (財金資訊), which oversees Taiwan’s banking, payment and settlement systems. “The US dollar will remain the world’s major cross-border payment tool, given its high liquidity, legality and safe-haven status,” Yang said. Russia is pushing for a new cross-border payment system and highlighted the issue during a BRICS summit in October. The existing system