Supermarket chain Carrefour Taiwan (家樂福) yesterday announced it had lowered its price for FORA/VTRUST rapid COVID-19 antigen test kits to NT$200 (US$6.82) from NT$350 at its 38 stores that are licensed to sell such items.
The price reduction comes amid skyrocketing demand for rapid tests due to a spike in domestic COVID-19 infections.
Taiwan yesterday reported 6,339 new COVID-19 cases, including 6,295 domestically transmitted infections and 44 cases that were contracted abroad, Central Epidemic Command Center (CECC) data showed.
Photo: Peter Lo, Taipei Times
While the price for a pack of five FORA/VTRUST tests has also been lowered to NT$975 from NT$1,700, the price for a pack of five Roche test kits, the other brand stocked by Carrefour, remains unchanged at NT$1,800.
The cuts were made amid complaints about the high price of rapid COVID-19 antigen tests as the government considers using rapid tests instead of home isolation for people who come into contact with those who test positive for COVID-19.
In response to the scarcity, the government has said it plans to launch an at-home COVID-19 test kit rationing scheme.
It is to requisition 31 million kits by the end of July from five domestic manufacturers — Taidoc Technology Corp (泰博科技), Panion & BF Biotech Inc (寶齡富錦), Formosa Biomedical Technology Corp (台塑生醫), Excelsior Bio-System Inc (凌越生醫) and Enimmune Corp (安特羅生技).
In addition, the government is also to acquire 100 million test kits from foreign firms.
Rapid test kits are also being sold by other retailers, including PX Mart Co (全聯實業), Cosmed (康是美), Watson’s Personal Care Stores (Taiwan) Co (台灣屈臣氏), MedFirst Healthcare Services Inc (杏一醫療), Wellcare Healthcare Supply (維康醫療), Great Tree Pharmacy Co (大樹連鎖藥局) and Yes Chain Pharmacy Co (躍獅連鎖藥局).
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more
NEXT GENERATION: The new 3-nanometer chip has 28 percent more transistors and offers up to 80 percent faster language model performance than its predecessor MediaTek Inc (聯發科) on Wednesday launched a new flagship smartphone chip, Dimensity 9400, made with Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) enhanced 3-nanometer technology, aiming to bring more artificial intelligence (AI) applications to edge devices like phones. The Dimensity 9400 is the second smartphone chip using TSMC’s second-generation 3-nanometer technology, after Apple Inc’s A18 Pro chip for the new iPhone 16 series. The new mobile chip has 28 percent more transistors, offers up to 80 percent faster large language model performance and is up to 35 percent more power-efficient than its predecessor, Dimensity 9300, MediaTek said. Chinese smartphone makers Xiaomi Corp (小米),