Silicon Integrated Systems Corp (矽統), the world's third-largest maker of computer chipsets, said it sold US$138 million of new shares overseas to help pay off bank loans and buy new equipment for its first chip plant. \nThe company sold 25 million global depositary receipts with each unit equivalent to 10 local shares. The price was equal to US$0.55 (NT$19.2) per share, or a discount of 15.4 percent to yesterday's closing price. \n"We decided to sell the shares at a discount after considering the capital-market situation," spokeswoman Irene Hsiao said. SinoPac Securities Co (建華證券) arranged the sale, she said. \nSilicon Integrated shares rose NT$1.5, or 6.6 percent, to close at NT$24.2 per share on the TAIEX after the company said United Microelectronics Corp (UMC, 聯電), the world's second largest supplier of made-to-order chips, may buy a stake in the company. \nSilicon Integrated said it will invite UMC to take three seats on its board after the two companies settled a patent dispute. \nThe size of the stake will be decided at a Silicon Integrated board meeting on Jan. 14, Hsiao said. \nSilicon Integrated originally was a chip designer that used UMC as its manufacturer. After opening its own semiconductor plant, Silicon Integrated ceased placing orders. The new tie-up may change that, analysts said. \n"UMC should get more orders from Silicon Integrated," said Simon Chao, who counts shares in UMC among the NT$700 million he helps manage at President Investment Trust Corp (統一投信). "The companies will form an alliance if the legal problems are settled." \nUMC shares gained NT$0.20, or 0.9 percent, to close at NT$22.20 per share. \nSilicon Integrated and UMC declined to comment on a report on Taiwan's Kimo Web site that UMC would buy some of the shares Silicon Integrated sold overseas. \n"Buying shares in Silicon Integrated is one way we could gain the board seats," said Liu Chitung (劉啟東), investor relations chief at UMC. "The majority shareholders could also offer the seats to us." \nThe company plans to offer the empty seats to UMC, she said. \nUMC said it hasn't reached a final settlement with Silicon Integrated on their patent dispute. \nSilicon Integrated stopped buying chips from UMC two years ago after starting production from its first chip plant. UMC earlier charged Silicon Integrated with patent violations in a US lawsuit. \nMeanwhile, UMC said it's meeting expectations the company set for the fourth quarter. ``We had some rush orders in November,'' said Liu. ``The orders will help us top the better end of our guidance.'' \nThe company's November sales rose 25 percent from a year ago to NT$6 billion (US$172.4 million) from NT$4.8 billion. Sales in November were unchanged from October. \nUMC's third-quarter sales were NT$19.2 billion. Based on the company's forecast, fourth-quarter sales may be as much as NT$17.3 billion, representing an increase of 24.5 percent from the same period a year ago.
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
MRT TRAVEL FALLS: In February, ridership on the Taipei MRT System fell 8.96 percent from an average of 2.01 million per day in January Scooter sales jumped 13 percent last month as more commuters turned to two-wheelers to avoid public transportation amid the COVID-19 pandemic, the latest statistics showed. Sales expanded to 74,493 units last month, compared with 65,913 units in February, statistics released on Wednesday by Kwang Yang Motor Co (光陽工業) and the Ministry of Transportation and Communications showed. In the first quarter, aggregate sales slid 0.51 percent year-over-year to 186,627 units, from 187,580 units, data showed. Kwang Yang, the nation’s biggest scooter manufacturer, continued to lead the market by selling 24,136 vehicles last month, growing 6.12 percent from 20,785 units in the previous month, while
Asustek Computer Inc (華碩), the nation’s leading PC vendor, yesterday launched its first dual-screen gaming laptop powered by Intel Corp’s latest central processing units (CPUs). The PC manufacturer’s announcement closely followed the US chipmaker’s unveiling of its 10th Generation Core H-series, the fastest commercial mobile processors with speeds of up to 5 gigahertz. Although Asustek’s Zephyrus Duo 15, the highlight of its Republic of Gamers line, is not the company’s first laptop with two screens, it is its first designed specifically for gaming. Nestled between the primary display panel and the keyboard, the secondary display, which Asustek calls the ScreenPad Plus, is angled
NO ILL EFFECT: Last month’s data mainly reflected deals made in February, when the spread of COVID-19 was still relatively mild in Taiwan, housing brokers said Housing transactions in the six special municipalities totaled 19,824 units last month, up 7.8 percent from a year earlier, brokers said, citing government data. Last month’s data mainly reflected deals made in February, when the pinch of the COVID-19 pandemic was not yet evident, they said. Taoyuan posted the largest improvement, with housing transactions soaring 36.6 percent year-on-year to 3,676 units, local government data showed. Taiwan Realty Co (台灣房屋) attributed the pickup to the completion of two presale residential projects in the municipality. Houses in Taoyuan have increasingly gained in popularity in the past few year years due to relatively affordable home prices and