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EZ News 07/21/26
Description
Good afternoon, I'm _ with today's episode of EZ News.
Tai-Ex opening
The Tai-Ex opened up 117-points this morning from yesterday's close, at
42,566 on turnover of 3.9-billion N-T.
The market extended is losses on Monday from a session earlier amid fears
over further volatility after a recent strong showing.
Analysts say investors continued to cut their holdings in semiconductor
stocks, reversing an initial upturn after the tech-heavy Seoul market
continued to move lower …
…. but Taiwan Semiconductor Manufacturing appeared resilient on bargain
hunting to lend some support to the broader market.
Former-TSMC manager indicted over alleged bid to leak secrets to China
The Intellectual Property Prosecutors' Office has indicted a former Taiwan
Semiconductor Manufacturing executive for allegedly attempting to leak the
chipmaker's core technologies to China.
According to prosecutors, the former deputy manager has been charged with
violating (違反) the National Security Act and the Trade Secrets Act.
Prosecutors have requested a seven-year prison sentence - arguing that the
former T-S-M-C employees actions threatened Taiwan's technological advantage.
The executive made unauthorized copies of classified and general trade-secret
documents belonging to T-S-M-C and took them home with the intention of using
them in China.
Prosecutors say T-S-M-C detected the irregularities through an internal
investigation and recovered all of the copied documents before any technology
was transferred.
New elevated walkway opens at Minquan Bridge in Taipei
An elevated pedestrian walkway connected to (連接到) the Minquan Bridge in
Taipei has opened.
Speaking at the opening ceremony, Taipei Mayor Chiang Wan-an said it's part
of a broader renovation project designed to bolster the bridge's resistance
to earthquakes and floods while also improving the area's recreational
facilities and pedestrian-friendly urban environment.
Construction of the walkway began in August of last year and was completed on
May 28.
The walkway features a lightweight steel structure and circular viewing
platforms overlooking the Keelung River.
Houthis Announce Maritime Embargo Against Saudi Arabia
Yemen's Iranian-backed Houthi rebels have announced a maritime embargo (禁運)
against Saudi Arabia.
Monday's decision comes in retaliation for a blockade on Yemen and a recent
attack on Sanaa International Airport.
The embargo affects the Bab al-Mandeb strait, a crucial waterway for global
trade and gateway to the Red Sea as Saudi Arabia seeks an alternative to the
Iran-gripped Strait of Hormuz.
The blockade raises fears of renewed conflict in the region.
Saudi Arabia has not responded.
This comes as the British military said a tanker came under attack early
Tuesday in the Strait of Hormuz off Oman, the latest assault to target
shipping in the strategic waterway.
The United Kingdom Maritime Trade Operations center said the ship reported
over t