Intellectual Park News Today

Bringing Taiwan to the World and the World to Taiwan

Taipei, May 18 (CNA) U.S.-based electric vehicle brand Tesla Inc. will set up a presence in the Baogao Science and Intellectual Park in New Taipei after winning a bid for space in the park, according to the city's Economic Development Department.

Hon Hai Precision Industry Co’s (鴻海精密) decision to reduce its stake in Fitipower Integrated Technology Inc (天鈺科技) by selling 9.09 million shares yesterday sparked a plunge in the integrated circuit designer’s stock. Fitipower shares dropped 7.87 percent to NT$216.5 in Taipei trading, the lowest since Dec. 8 last year. They have declined 23.23 percent so far this year amid net selling by domestic proprietary traders and investment trust firms. Hon Hai shares ended yesterday fl...