Business and Finance

MOST unveils US$132 million Taiwan AI semiconductor project

Taiwan News
Date: 2017/08/17
By: Taiwan Today,Agencies

An NT$4 billion (US$132 million), four-year project assisting Taiwan’s

MOST Minister Chen Liang-gee outlines details of Project Moonshot Aug. 15 in Taipei City. (By Central News Agency)

semiconductor industry develop cutting-edge process technologies and foster talents specializing in artificial intelligence was announced Aug. 15 by the Ministry of Science and Technology.

Expected to commence next year, the initiative encompasses cognitive computing and AI processor chips; next-generation memory designs; process technologies and materials for key components of sensing devices; unmanned vehicles and augmented and virtual reality applications; and Internet of Things systems and security.

It also involves promoting academic-private sector collaboration in producing more talents versed in semiconductor process technologies, material development and integrated circuit design.    [FULL  STORY]

THSR opens online souvenir shop

Focus Taiwan
Date: 2017/08/17
By: Wang Shu-fen and CNA intern Aaron S

Taipei, Aug. 17 (CNA) Taiwan High Speed Rail (THSR) launched an electronic store

Photo courtesy of Taiwan High Speed Rail Corp

Thursday in collaboration with PChome Online Inc., providing shopping services via computers and mobile devices.

In a news release, THSR said consumers can now purchase its souvenirs by scanning the QR codes for the items, which are listed in a monthly magazine on its trains and also on its electronic advertising boards at most of its stations.

Of the 50 different THSR-themed souvenirs, the most popular is the 700T Push Train Set, a bullet train model that sells over 10,000 units per year, the company said.    [FULL  STORY]

CPC says Lumax also culpable for power shortage

SHARED RESPONSIBILITY:CPC chairman Chen Chin-te repeated the company’s position that installation of parts is among Lumax’s contractual responsibilities

Taipei Times
Date: Aug 18, 2017
By: Kuo Chia-erh / Staff reporter

State-owned oil refiner CPC Corp, Taiwan (CPC, 台灣中油) yesterday rejected

CPC Corp chairman Chen Chin-te yesterday speaks during an interview with Hit Fm radio show host Clara Chou in Taipei about Tuesday’s power outage. Photo: Liao Chen-huei, Taipei Times

allegations by its contractor Lumax International Corp (巨路) that CPC was solely responsible for Tuesday’s nationwide blackout, saying that a 10-member investigation team would soon address the public’s doubts.

“We are not dodging responsibility [for the outage],” CPC chairman Chen Chin-te (陳金德) said in a broadcast interview.

Lumax was responsible for the procurement and maintenance of the power supply system of the Datan power plant, he said, while sharing documents with reporters after an interview with Hit FM radio host Clara Chou (周玉蔻).

CPC and Lumax engineers were to replace two components in a control room, but failed to switch the power system from automatic to manual mode, Chen said.

Taiwan concerned by U.S. plan for unfair trade probe against China

Focus Taiwan
Date: 2017/08/13
By: Liao Yu-yang and Elizabeth Hsu

Taipei, Aug. 13 (CNA) A possible move by the United States to launch an

CNA file photo

investigation into China’s unfair trade practices based on Section 301 of the Trade Act has Taiwan worried because many of its products sold to the U.S. are processed or assembled in China.

Fearing that Taiwan could be hit by retaliatory actions by Washington if it finds forced technology transfers or intellectual property theft by China, Bureau of Foreign Trade Director-General Yang Jen-ni (楊珍妮) said Sunday the agency will carefully assess the situation as soon as U.S. President Donald Trump orders the probe.

U.S. senior administration officials have said Trump will sign an administrative memorandum on Monday ordering the Office of the United States Trade Representative to start a Section 301 investigation into China’s trade practices, including alleged intellectual property theft.    [FULL  STORY]

Strong future seen for Taiwan in 5G

IOT TECHNOLOGY:A survey by Qualcomm Technologies and IHS Markit said Taiwan needs to focus on R&D to move beyond its traditional manufacturing and supplier role

Taipei Times
Date: Aug 14, 2017
By: Lisa Wang / Staff reporter

Taiwanese companies could generate more than US$134 billion in gross output of goods and services by 2035 from 5G-related applications, particularly in those built for the Internet of Things (IoT), the latest report released by Qualcomm Inc showed.

The economic impact from the next-generation wireless technology will also include the creation of 510,000 jobs in Taiwan over the next 18 years or so, according to a report, The 5G Economy, released by Qualcomm Technologies Inc, a Qualcomm subsidiary, on Friday.

The research was jointly conducted by IHS Markit.

IHS said that 5G technology represents a new opportunity for Taiwan to move beyond its traditional role of the major supplier of component, semiconductor and contract manufacturing services to the world’s information and telecommunications sector.

Ambitious plan disclosed for establishment of new airline StarLux

Taiwan News
Date: 2017/08/12
By: Central News Agency

The operational plan for a new airline to be called StarLux includes employing a staff

StarLux Airlines (By Central News Agency)

of 3,500 to run a fleet of 24 planes in the first six years, a close associate of the carrier’s founder told CNA Saturday.

The goal is to start commercial operation by the end of 2019, targeting passengers transiting between Southeast Asia and North America, said Neih Kuo-wei (聶國維).

Neih, a close associate of StarLux founder Chang Kuo-wei (張國煒), said an application will be submitted to the Civil Aeronautics Administration (CAA) by the end of the year to establish the airline company, and the contracts for the purchase or lease of aircraft will be finalized by next year.    [FULL  STORY]

Formosa Petrochemical leaves fuel prices unchanged for next week

Focus Taiwan
Date: 2017/08/12
By: Chung Yung-feng and Romulo Huang

Taipei, Aug. 12 (CNA) Formosa Petrochemical Corp. (台塑石化), a privately owned

(CNA file photo)

gasoline supplier, said Saturday that it has decided not to adjust its gasoline and diesel prices next week, snapping a three-week fuel price hike streak.

Fuel prices at Formosa Petrochemical gas stations islandwide will remain next week at NT$21.2 per liter for super diesel, NT$23.9 per liter for 92 octane unleaded, NT$25.3 per liter for 95 unleaded and NT$27.4 per liter for 98 unleaded, the company said.

The company’s major competitor, state-owned CPC Corp., Taiwan (中油), is also expected to maintain its current fuel prices when it makes its price announcement at noon Sunday, market sources said.    [SOURCE]

Republicans revise Foxconn bill ahead of vote

Taipei Times
Date: Aug 13, 2017
By: AP, MADISON, Wisconsin

Wisconsin Republicans on Friday announced revisions to a state incentives package for Foxconn Technology Group (富士康), including provisions that would tie tax credits to the number of living-wage jobs created and encourage the company to hire Wisconsin residents.

The Taiwanese electronics giant plans to build a 1.86km2 plant in southeastern Wisconsin that the company has said could eventually employ up to 13,000 people.

Wisconsin Governor Scott Walker has introduced a bill that would lay out US$3 billion in tax credits for the company, exempt the plant from a host of environmental regulations and borrow US$252 million for interstate highway repairs around the plant.    [FULL  STORY]

Government may lift controversial air conditioning order

Premier says this needs further evaluation

Taiwan News
Date: 2017/08/08
By: Light McCandless, Taiwan News, Staff Writer

TAIPEI, (Taiwan News)– Cabinet spokesman Hsu Kuo-yung ( 徐國勇 ) said a temporary

Aircon in public offices may still be set at 28 C, even after equipment repair.

government order requiring public agencies and organizations to turn off their air conditioning systems every afternoon to save power may be lifted this Sunday.

The Executive Yuan issued the order to reduce power consumption after Taiwan’s electricity reserves were cut when a transmission tower operated by independent power producer Ho-Ping Power Co. ( (和平電力 ) was blown to the ground by Typhoon Nesat on July 29.

The power transmission tower’s collapse reduced supply by 1.3 million kilowatts (kW), or about 4 percent of the country’s operating reserves. Repairs are expected to be completed by Aug.14.    [FULL  STORY]

Financial sector urges eased lending rules for long term care

Focus Taiwan
Date: 2017/08/08
By: Tsai Yi-chu and Frances Huang

Taipei, Aug. 8 (CNA) The local financial sector has expressed hope that the government will ease rules on lending in a bid to facilitate the local long term care business in an aging society, according to a white paper from the sector.

In the white paper, in which suggestions are made to the government for the development of the financial sector, the Taiwan Financial Services Roundtable (TFSR), which was founded by local financial associations and related organizations, said that the government should allow banks to extend more loans to the local long term care industry.

The TFSR said that the banking sector should be granted an exemption from the restrictions imposed by the Banking Act in their lending to the local property market if the money is to be used in the country’s long term care business such as the construction of long term care villages for the elderly.    [FULL  STORY]