Two electric buses developed by Hon Hai Precision Industry Co (鴻海精密) are today to begin offering circular shuttle services in the Hsinchu Science Park (新竹科學園區).
Speaking with reporters at a ceremony to inaugurate the two e-bus services, Hsinchu Science Park Bureau director-general Wayne Wang (王永壯) said the e-buses would run between the park’s section in Miaoli County’s Jhunan Township (竹南) and the Hsinchu high-speed rail station in Hsinchu County’s Jhubei City (竹北), meeting the needs of staffers in the park, while also reducing carbon emissions.
The e-buses rolled out by Foxtron Vehicle Technologies Co (鴻華先進), a joint venture between Hon Hai and Yulon Motors Co (裕隆), are equipped with a lane departure warning system and a forward collision warning system, Wang said.
Photo: Annabelle Chih, Reuters
The park would study the services before deciding whether to use more e-buses, Wang added.
The Hon Hai-developed e-buses were made based on the “Model T” prototype the company unveiled in October 2021.
Michael Kuo (郭耀聰), an aide to Foxtron CEO Andy Lee (李秉彥), said the company expects shipments of Model T based e-buses to range from 105 and 110 units this year after 50 were shipped in the first half of the year.
Last year, only 20 units were shipped, Lee said.
Foxtron started to ship Model T based e-buses to Kaohsiung in March last year, and provided the same model to Taipei, Tainan, Taitung and outlying Kinmen County, as well as to Indonesia.
Taichung Bus Co (台中客運) in central Taiwan is scheduled to adopt the model in October, Kuo added.
NEW MARKET: The partnership opens up India to the Dutch company, which already has a strong hold in the semiconductor market of South Korea, Taiwan and China ASML Holding NV entered into a partnership agreement with Tata Electronics Pvt Ltd aimed at ramping up India’s goal to develop domestic chip-manufacturing capabilities. The Dutch company’s technology would help power Tata Electronics’ planned 300 millimeter (mm) semiconductor foundry in Gujarat, according to a joint statement from the two companies on Saturday. The signing of a memorandum of understanding coincides with a visit by Indian Prime Minister Narendra Modi to the Netherlands, which is looking to deepen bilateral relations with New Delhi. ASML, whose top customers include Taiwan Semiconductor Manufacturing Co (台積電) and Samsung Electronics Co, makes lithography machines that can print
Tokyo Electron's Taiwan unit today said in a written response that it respects the judicial process, takes the court ruling seriously and would not appeal in the Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) trade secrets case. Last month, a court fined the Taiwan unit of Japan's Tokyo Electron NT$150 million (US$4.74 million) in a case involving trade secrets related to TSMC's sensitive chip technology.
ROUGH RECORDS: Bonds in Japan, as well is in New Zealand, Australia and the US, are seeing the effects of a nervy market as stock exchanges across Asia edge down A deepening slump in Japanese government bonds added fuel to the selloff in global debt markets as rising oil prices stoked inflation fears and pushed yields to multi-decade highs. Japan’s 30-year yield yesterday surged as much as 20 basis points to the highest level since the tenor’s debut in 1999, before paring some of the move. Shorter-maturity Japanese debt was also under pressure, underscored by weak demand at a sale of five-year notes that offered a record-high coupon of 2 percent. Concerns over inflation and government spending rippling through markets including the US, Australia and New Zealand are being amplified in Japan,
Wall Street is licking its chops over an unprecedented slate of massive initial public offerings (IPOs) set to arrive in the coming months, beginning with Elon Musk’s Space Exploration Technologies Corp (SpaceX) next month. That is expected to be followed by artificial intelligence (AI) rivals OpenAI and Anthropic PBC. The trio of mega listings, each eyeing valuations around US$1 trillion or more, constitutes a heady period of elevated risk and reward. SpaceX is targeting an IPO that would raise up to US$80 billion — about double the funds generated from all IPOs last year. OpenAI and Anthropic are eyeing IPOs raising US$60 billion. “We’re
RSS