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Taiwan seeks to regain its lead in electronics

BY Keith Bradsher

Jonney Shih (施崇棠), the chairman of Asustek Computer Inc (華碩), has epitomized the Taiwanese electronics engineer for a generation: A slender figure in rumpled, baggy trousers, he once helped Intel solve heat problems in its Pentium 4 microprocessors. So it has been a surprise during theFULL STORY

Young Fast cautious on sales due to flat demand

By Amy Su

Young Fast Optical Co (洋華光電), a manufacturer of small to medium-sized touch panel sensor products, maintained its conservative forecast for sales in the second quarter, mainly due to flat demand for its medium-sized products, a company official said yesterday. However, rebounding demand for medium-sized products inFULL STORY

Inventec’s profit in Q1 bolstered by server sales

By Helen Ku

Inventec Corp (英業達) yesterday said its net profit surged in the first quarter because of strong server sales. The growing popularity of mobile devices such as tablets and smartphones has created robust demand for servers used in large data centers, said the company, the world’s fourth-largestFULL STORY

Chinatrust Financial Holding eyes Japanese banking market: chairman

By Crystal Hsu

Chinatrust Financial Holding Co (中信金控) is interested in tapping Japan’s banking market, which offers huge potential for selling pension and wealth management products given its aging population and high savings, president Daniel Wu (吳一揆) said yesterday. Japanese banks have voiced interest in striking a partnership withFULL STORY

Hiwin shares fall after weak Q1 results

By Kevin Chen

Machine tool manufacturer Hiwin Technologies Corp (上銀科技) yesterday saw its shares fall by the maximum daily limit after the company’s first-quarter results fell short of market expectations. Shares of Taichung-based Hiwin, which makes ball screws, linear guideways and industrial motors, dropped 6.84 percent to NT$197.5,FULL STORY

Lite-On upbeat on sales prospects

By Camaron Kao

Lite-On Technology Corp (光寶科技) expects its sales to grow by a single digit percentage this quarter from last quarter, as the electronics component maker eyes sustained demand for its core products. “Sales of camera modules, LED lighting products, automotive electronics and solid-state drives will beFULL STORY

Research firm promotes LCD monitor diversification

LCD monitor makers should develop new niche products to counter a declining market, local research firm WitsView said. Smartphones and tablet computers are eating into PC sales and dragging down demand for LCD monitors, WitsView, a flat-screen research division of TrendForce Corp (集邦科技), said inFULL STORY

FSC extends Global Life ban to cover local shares

By Crystal Hsu

The Financial Supervisory Commission (FSC) has banned Global Life Insurance Co (國寶人壽) from making new investments in local shares after the unlisted insurer failed to heed the regulator’s warning not to interfere with Long Bon International Co’s (龍邦) board reshuffle. The restriction will make it moreFULL STORY

Taiwan Business Quick Take

ELECTRONICS Computex eyes touch panels The annual Computex Taipei trade show is to highlight touch-panel devices with screen sizes ranging from 3.5 inches to 80 inches, the organizers said. The Taipei Computer Association, one of the show’s organizers, said in a recent statement that the June 4FULL STORY

Australian dollar trades below US parity

The Australian dollar slid below parity with the greenback on yesterday and analysts tipped it could fall further as speculation mounts that the US could wind back its quantitative easing policy. The “Aussie” touched US$0.9968 before recovering to US$0.9995 late in the day, after Saturday brieflyFULL STORY

China’s investment slows as output declines

China’s fixed-asset investment unexpectedly decelerated last month, while industrial output trailed estimates, adding to concerns that the economy will fail to show much of a recovery this quarter. Fixed-asset investment excluding rural households in the first four months of the year increased 20.6 percent, the ChineseFULL STORY

Sharp to name Takahashi to replace Okuda: ‘Nikkei’

Sharp Corp will promote executive vice president Kozo Takahashi to president, replacing Takashi Okuda, the Nikkei Shimbun reported. Okuda, who became president in April last year, will replace Mikio Katayama as chairman, the newspaper said. Sharp was not the source of the information, said Miyuki Nakayama, aFULL STORY

German minister suggests two-step banking union

Europe should not rush to establish a central authority to wind up failing banks, but should rely at first on cooperation between national agencies, German Finance Minister Wolfgang Schaeuble said. Setting out how to shut failed banks is one aspect of a banking union meantFULL STORY

Rubber boom fueling land grabs in Southeast Asia

Vietnamese rubber firms bankrolled by an arm of the World Bank and Germany’s Deutsche Bank are driving a land-grabbing crisis in Southeast Asia, activists said yesterday. Indigenous ethnic minorities are bearing the brunt of the seizures, which have affected tens of thousands of villagers and ledFULL STORY

Fernandes hoping to raise US$300m from AirAsia X IPO

Malaysian tycoon Tony Fernandes plans to raise up to US$300 million by listing shares in the long-haul arm of AirAsia, slated for July, a source said yesterday. AirAsia X would sell 790.12 million shares in the initial public offering (IPO) with listing scheduled for July 10FULL STORY

World Business Quick Take

UNITED KINGDOM Confidence growing: CBI Companies have grown more optimistic about the economy in recent months as a recovery, increasingly aided by a central bank funding scheme, is gathering pace, a leading business lobby said yesterday. The Confederation of British Industry (CBI) said businesses’ view of theFULL STORY

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