Gasoline and diesel prices are to remain unchanged this week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday, as international crude oil prices fluctuated within a narrow range last week.
CPC said that based on its floating oil price formula, the cost of crude oil rose 0.28 percent last week from a week earlier, but the company would absorb part of the increase to comply with a government policy of keeping domestic fuel prices lower than in major neighboring markets, it added.
Gasoline prices at CPC and Formosa stations are to stay at NT$29.5, NT$31 and NT$33 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said.
The price of premium diesel is to remain at NT$27 per liter at CPC stations and NT$26.8 at Formosa pumps, they said.
Separately, CPC said it would cut liquefied natural gas (LNG) prices for power generation users such as Taiwan Power Co (台電) by 3.33 percent this month to reflect falling global prices.
The company would continue to keep LNG prices unchanged for household and industrial users this month, it added.
SHAKING RESPONSE: TSMC said that its employees returned to work after being evacuated temporarily from some factories and it was conducting inspections Taiwan’s major chip companies, led by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), reported limited damage from yesterday’s magnitude 7.2 earthquake, the strongest in 25 years, major science parks and analysts said. “There were no major production disruptions due to the quake at companies that operate in the park,” Hsinchu Science Park (新竹科學園區) Bureau deputy director-general Chen Shu-chu (陳淑珠) said by telephone. “As the earthquake was larger than magnitude 5, the companies were required by law to evacuate their workers,” Chen said. Infrastructure at the science park, including for power and water, was not affected, she said. Contract chipmakers TSMC, United Microelectronics Corp (UMC, 聯電)
The US is asking South Korea to adopt restrictions on semiconductor technology exports to China similar to those Washington has already implemented, another sign that US President Joe Biden’s administration is stepping up efforts to thwart Beijing’s chip ambitions. US officials want South Korea to restrict the flow of equipment and technologies for making high-end logic and memory chips to China, people familiar with the matter said. Those include logic chips more advanced than 14-nanometer technology and DRAM beyond 18-nanometers, one of the people said, asking not to be identified because the discussions are private. That would be consistent with a set of
BUILDING TALENT: TSMC aims to prevent a shortfall of technical experts in the semiconductors by working with Kyushu University to bolster the chip field in Japan, a report said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, plans to sign a memorandum for comprehensive collaboration with Japan’s Kyushu University covering training and joint research on semiconductors, the **Yomiuri Shimbun** reported yesterday. TSMC is expected to hold seminars at the university and the two plan to conduct joint studies and write papers together, the newspaper cited sources close to the university as saying. They are also considering an internship program, under which Kyushu University students would be dispatched to TSMC operations in Taiwan, it said. The agreement would be TSMC’s first of its kind with a Japanese university after the
Quanta Computer Inc (廣達) founder and chairman Barry Lam (林百里) has been named the richest person in Taiwan, thanks to the company’s role in the global supply chain of artificial intelligence (AI), US magazine Forbes said. Shares of Quanta soared 37.15 percent this year to NT$293.50 on Wednesday, before the local bourse closed for the rest of the week for the Tomb Sweeping Day holiday, Taiwan Stock Exchange data showed. Lam, 74, who steers a company that provides data centers, cloud systems and other electronics, has a net worth of US$12.6 billion and ranks 190th in the world. Quanta Computer is also