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TSMC to continue supplying Huawei

By Lisa Wang

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it would continue supplying wafers and technologies to Huawei Technologies Co (華為) as its exports are in full compliance with international trade rules, despite the US’ latest sanctions on the Chinese firm. The chipmaker’s move came as aFULL STORY

Bosch Taiwan forecasts slower revenue expansion

By Crystal Hsu

Bosch Taiwan, the local unit of German engineering and electronics company Bosch Group, expects its sales to grow modestly this year after a 24 percent increase last year, as the global economic slowdown is weakening demand, managing director Jan Hollmann said yesterday. “We have a promisingFULL STORY

Diversification paying off for SinoPac

By Kao Shih-ching

The US-China trade tensions have had a limited impact on SinoPac Financial Holdings Co (永豐金控) as the company has diversified its loan portfolio in China, president Stanley Chu (朱士廷) said yesterday. SinoPac’s exposure to China, totaling NT$86.39 billion (US$2.74 billion) as of the end of March,FULL STORY

Ministry approves six more investment plans

By Natasha Li

The Ministry of Economic Affairs has approved six companies’ applications to join a three-year program aimed at boosting investment in the nation, the ministry said yesterday. Pegatron Corp (和碩), Adlink Technology Inc (凌華科技), Rechi Precision Co (瑞智精密) and Fu sheng Industrial Co (復盛工業), along with twoFULL STORY

Fabric maker De Licacy expects 20% sales growth

By Kwan Shin-han

Woven fabric maker De Licacy Industrial Co (得力實業) yesterday that said revenue for this year should grow by a double-digit percentage, backed by a 20 percent rise in orders from its top three clients and increased output from its Vietnamese factories. “Orders from our top threeFULL STORY

Industrial production ends downtrend with 1.04% rise

By Natasha Li

Industrial production increased 1.04 percent year-on-year last month, ending four consecutive months of contraction, the Ministry of Economic Affairs said yesterday. The ministry attributed the increase to the 0.94 percent growth in the manufacturing sector and 2.68 percent rise in electricity and gas supply due toFULL STORY

Panasonic latest firm to shun Huawei

Japan’s Panasonic Corp yesterday said it would stop supplying some components to Huawei Technologies Co (華為), joining a growing list of companies distancing themselves from the Chinese telecoms giant after a US ban over security concerns. Japan’s Toshiba Corp also announced it was temporarily halting shipmentsFULL STORY

Amazon shareholders reject facial ID ban

Amazon.com Inc on Wednesday confirmed that shareholders rejected proposals to prohibit sales of facial recognition technology to governments and study how it might threaten privacy or civil rights. The proposals voted down at Amazon’s annual general meeting were put forth by a group of shareholders, butFULL STORY

India planning to electrify all two, three wheelers

The Indian government’s leading think tank has proposed electrifying most motorbikes and scooters within the next six to eight years to curb pollution and reduce dependency on fossil fuels, a source with direct knowledge of the matter said. The draft proposal from the National Institution forFULL STORY

Canada’s oil-rich Alberta introduces bill to repeal provincial carbon tax

Canada’s main crude-producing province, Alberta, on Wednesday introduced a bill to repeal the provincial carbon tax, setting up a legal tussle between Alberta Premier Jason Kenney’s United Conservative Party and Canadian Prime Minister Justin Trudeau’s Liberal government in Ottawa. Kenney and his party last month sweptFULL STORY

Universal eyes industry bidder as buyout firms balk

Vivendi SA is targeting strategic buyers for a stake in Universal Music Group, as some private equity investors balk at the high price and slow pace of the deal, people familiar with the matter said. The French company has floated a partial sale or an initialFULL STORY

Qualcomm suffers setback with US antitrust ruling

Smartphone chip giant Qualcomm Inc suffered a fresh blow in its antitrust battle as a US federal judge ruled that it “strangled competition” for years at the expense of consumers and device makers. Qualcomm shares on Wednesday sank about 10.8 percent to close at a one-monthFULL STORY

World Business Quick Take

EUROZONE Slow demand hits output Private-sector output remained subdued this month as demand stayed stagnant and companies scaled back employment and expansion plans. The purchasing managers’ index inched up to 51.6 from 51.5 last month, IHS Markit said yesterday. The bloc is headed for “lackluster” growth ofFULL STORY

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