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MediaTek slashes annual targets

By Lisa Wang

MediaTek Inc (聯發科), which supplies chips to Chinese handset brands such as Xiaomi Corp (小米), yesterday slashed its smartphone chip shipments target by more than 10 percent as intensifying price competition and a flagging global economy take their toll on demand. As a result, MediaTek expectsFULL STORY

Asustek planning to manufacture in India

By Lauly Li

Taiwanese PC maker Asustek Computer Inc (華碩) yesterday said that it is evaluating the possibility of seeking Taiwanese manufacturers to assemble its smartphone products in India as part of its efforts to expand its reach in the Indian smartphone market. “There is a better chance ofFULL STORY

Yahoo unveils its messaging with video texting app

Imagine making a video call without other people being able to listen in. Yahoo Inc is trying to make that happen with Livetext, a new app that seeks to make video calling as private as texting. Yahoo says video calls can be better than texts for expressingFULL STORY

Taipower restarts nation’s largest hydroelectric plant

By Lauly Li

After spending more than six years reconstructing the Chingshan Power Plant (青山電廠), state-run Taiwan Power Co (Taipower, 台電) yesterday reactivated the power generation units of the nation’s largest hydroelectric plant. “The reactivation of the first and second power generation units of the hydroelectric plant will addFULL STORY

Hermes Microvision unexpectedly cuts its revenue forecast

By Lisa Wang

Semiconductor inspection tool and equipment maker Hermes Microvision Inc (HMI, 漢微科) yesterday unexpectedly slashed its annual revenue forecast to between 5 percent and 20 percent growth as clients become more cautious about purchasing wafer inspection tools for advanced technologies amid slumping demand for end products. OriginallyFULL STORY

Winbond income drops, still outperforming peers

By Ted Chen

Memorychip maker Winbond Electronics Corp (華邦電) yesterday said net income last quarter dropped nearly 20 percent from the previous quarter, due to this year’s slow season for the semiconductor industry. However, the Hsinchu-based company said it still outperformed many of its peers amid softening demand inFULL STORY

FSC to consider regulatory easing

By Crystal Hsu

The Financial Supervisory Commission (FSC) on Thursday agreed to consider regulatory easing proposed by eight major financial holding companies to help them expand overseas. The commission is considering allowing owners of financial institutions to head their overseas reinvestment units to give them more incentive to growFULL STORY

Taiwan Business Quick Take

SEMICONDUCTORS Win order visibility limited Win Semiconductors Corp (穩懋半導體) yesterday said its order visibility is limited to about a month, as some of its clients are going through product transitions while others are digesting inventories. As a result, the company, which provides foundry services for gallium arsenideFULL STORY

China’s stocks continue to fall

China’s stocks fell, capping the benchmark index’s biggest monthly fall since August 2009, as the government struggles to rekindle investor interest amid a US$3.5 trillion rout. The Shanghai Composite Index slid 1.1 percent to 3,663.73 at the close yesterday, dragged down by energy and industrial companies.FULL STORY

Facebook to test giant solar-powered drone

Facebook Inc says it is to begin test flights later this year for a solar-powered drone with a wingspan as big as a Boeing 737, in the next stage of its campaign to deliver Internet connectivity to remote parts of the world. Engineers at the giantFULL STORY

US$1 coffees fuel Japan’s surge into java big league

The fastest-growing drinks market in Japan is not craft beer or fruit smoothies, it is US$1 cups of black coffee from the local 7-Eleven. “Convenience-store coffee is just great, given its low price,” said Kiyoshi Fujimoto, a 50-year-old school teacher in Tokyo. He estimates he drinks coffeeFULL STORY

Uber Technologies to invest US$1bn on India expansion

Controversial app-based taxi-hailing firm Uber Technologies Inc plans to invest US$1 billion in India over the next nine months, the company’s local head said in an e-mailed statement yesterday. Uber has endured a bumpy ride since it started operating in India two years ago, with aFULL STORY

Google Inc refuses to bow to French privacy watchdog

Google Inc is refusing to bow to an order from the French privacy watchdog to scrub search results worldwide when users invoke their “right to be forgotten” online, it said on Thursday, exposing itself to possible fines. The French data protection authority, the CNIL, in JuneFULL STORY

World Business Quick Take

JAPAN Fuel prices curb inflation Core inflation, excluding volatile fresh food prices, edged up 0.1 percent last month from the previous year, official data showed yesterday, while excluding food and energy, prices rose 0.6 percent — both well short of the Bank of Japan’s 2 percent target.FULL STORY

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