The developer of the iPMx molecular rapid COVID-19 test system has received the first overseas order for the new product, from Japan, the Ministry of Economic Affairs said yesterday.
Industrial Technology Research Institute (ITRI, 工業技術研究院), which says that its iPMx system can accurately and efficiently detect SARS-CoV-2, has received an order for 100 test kits and 10,000 reagents from Japan Biotechno Pharma Co, the ministry said, adding that the order came as Japanese authorities, effective immediately, approved the product.
The authorities approved its use at small and medium-sized hospitals and clinics, as well as operating and emergency rooms at major hospitals, Department of Industrial Technology Director-General Chiou Chyou-huey (邱求慧) told a news conference in Taipei.
Technology developed for the test kit would be produced by BizLink Holding Inc (貿聯控股) in California as part of ITRI’s efforts to expand cooperation with foreign partners, Chiou said.
The iPMx system’s compact canister is 57 times lighter than traditional testing devices, weighing only 600g, ITRI said.
The system produces results within an hour, one-quarter of the time a polymerase chain reaction test takes, and is 95.8 percent accurate, it said.
Chiou said the system is like a “mobile laboratory” and is highly sought after in the Japanese testing market.
ITRI’s next step would be entering the markets in Southeast Asia, Europe and the US, he said, adding that the institute is in talks in such countries.
ITRI is developing a second-generation iPMx system, which would also be able to detect flu, Chiou said.
AI EFFECT: Nvidia CEO Jensen Huang moved up to 21st on the Bloomberg Billionaires Index on Thursday after his wealth skyrocketed by US$9.6 billion to US$69.2 billion The artificial intelligence (AI) mania sparked by Nvidia Corp’s sterling results has given a lift to Asia’s major chipmakers, but it has not closed the valuation gap with their US peers. A Bloomberg gauge tracking Asia’s top semiconductor firms, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co, widened its under-performance against the Philadelphia Semiconductor Index this week. While the Asian index trades at 17 times forward earnings, the US measure is at 27 times, pushing the gap close to a record after Nvidia’s blowout revenue outlook reinforced investor conviction in the boom in generative AI use. Nvidia’s 8 percent
ECONOMY TWEAK: Lowering the rate would allow more cities in China to reduce minimum mortgage rates for homebuyers, which might stimulate sluggish demand China yesterday ramped up support for its property sector with its biggest-ever cut to a key mortgage reference rate, raising expectations for more aggressive measures to support the economy in the months to come. Chinese lenders slashed their five-year loan prime rate (LPR) by 25 basis points to 3.95 percent, the People’s Bank of China said. It was the first cut since June last year and the largest reduction since a revamp of the rate was rolled out in 2019. Lowering that rate will allow more cities in China to reduce minimum mortgage rates for homebuyers, which might stimulate sluggish demand for apartments
The arrival of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in Japan’s Kumamoto Prefecture marks the regaining of the area’s pivotal position established during the Meiji Restoration in the 19th century, a local business leader said in an interview with CNA. The first fab of Japan Advanced Semiconductor Manufacturing Inc (JASM), TSMC’s majority-owned manufacturing subsidiary in Kumamoto, is set to open today. After the 1868 Meiji Restoration, Kumamoto was of key importance as it was home to a major garrison national defense. However, that position was ceded to Fukuoka after World War II as Japan turned to foreign trade for post-war economic development,
OVERSEAS: The company is expanding with OSAT development in India, an EV factory in Thailand and possibly an 12-inch fab in Malaysia, Young Liu said Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, is expected to forge deeper and more comprehensive collaborations with its main customer Apple Inc, the company’s chairman said on Tuesday. Speaking before a dinner banquet on Tuesday to mark the company’s 50th anniversary, Hon Hai chairman Young Liu (劉揚偉) said that the two companies would forge a deeper and more extensive partnership. “Everything that should be there will be there and nothing will be missed,” Liu said, when asked about the progress made in Hon Hai’s collaborations with Apple in the artificial intelligence and electric vehicle (EV) fields. Hon