Nankang hall gets green light \n \nThe long-anticipated international exhibition hall in Taipei City's Nankang area finally cleared the red-tape delaying the project as the Cabinet approved the NT$3.8 billion plan yesterday. \nOnce completed in October 2005, the two-story, 2,600-booth facility will meet the demand of large-scale international exhibitions in the next 15 years, according to Cabinet Spokesman Lin Chia-lung (林佳龍). \nTaiwan 50 ETF launched \n \nPremier Yu Shyi-kun said yesterday that the issuance of the Taiwan 50 ETF (exchange traded fund) and index futures are expected to add vitality to the nation's monetary market. \nThe Taiwan 50 ETF was launched yesterday at the Taiwan Stock Exchange Corp, It bundles together 50 TAIEX stocks, including 30 electronics stocks, 11 monetary stocks, two plastics stocks, two textile stocks and five others. ETF can be bought and sold at any time during the trading day. \nCommenting on the new financial products, Minister of Finance Lin Chuan (林全) said the expansion of stock and future exchanges will benefit the development of the insurance and banking businesses. \nFamilyMart counts Millions \n \nFamilyMart Co (全家便利) yesterday inked a strategic alliance pact with Taiwan Sugar Co (Taisugar,台糖) to include 43 of Taisugar's Million convenience stores (蜜鄰超市) under its umbrella. \nThe deal is scheduled to take effect early next month, officials from the two companies said at a signing ceremony yesterday. \nFamilyMart, the nation's second-largest convenience store chains, operated 1,361 outlets as of last month and is expected to expand its chain to 1,500 stores by the end of the year. \n`One China' hampers talks \n \nPlans for talks on a free-trade agreement (FTA) between Taiwan and Singapore have been undercut by political intervention from China, a Chinese-language newspaper reported yesterday. \nSingapore had previously agreed to enter the talks under the framework of the WTO but it recently told the government that it would follow the "one-China" principle in FTA negotiations, the paper said, citing unnamed sources. \nA Board of Foreign Trade official in charge of the negotiations declined to comment on the report. \n"What I can say now is Taiwan does hope it can enter into the talks with Singapore to sign a free-trade agreement," the official said. \nCross-strait trade rising \n \nTrade between Taiwan and China in the first four months of the year rose 29.5 percent from last year to US$13.74 billion, the Ministry of Economic Affairs said yesterday. \nGrowth in cross-strait trade was slightly slower in April, compared with the 33.2 percent rate reported in the three months to March, reflecting the impact of the SARS outbreak, the ministry said in a statement. In the January-April period, exports to China rose 26.2 percent from a year earlier to US$10.57 billion or some 24 percent of total exports. \nEVA cuts profit forecast \n \nDue to the outbreak of SARS, EVA Airways Corp (長榮) cut its net profit forecast for this year to NT$200.74 million (US$5.80 million) from an estimate of NT$2.04 billion made in March, a company spokesman said. \nThe spokesman said he expects the business to pick up in the third quarter of this year. \nNT dollar rises \n \nThe New Taiwan dollar yesterday traded higher against its US counterpart, up NT$0.003 to close at NT$34.612 on the Taipei foreign exchange market. Turnover was US$423 million.
NOTABLE SHIFT: By 2030, 50% of all laptops would be assembled in Southeast Asia, while Taiwan would still mostly focus on research and development, a report said Global laptop and desktop computer supply chains are expected to shift significantly away from China in the next 10 years, a Market Intelligence & Consulting Institute (MIC, 產業情報研究所) report said. By 2030, only 40 percent of global laptop production would remain in China, said the report, which was released on Thursday. “The reshuffling of the global supply chain will be one of the most important trends in the next 10 years,” the institute said in the report. “In the long run, key component makers will follow laptop assemblers in moving out of China.” The Taipei-based institute predicted most key component makers
Merck Group Taiwan yesterday said that it plans to invest substantially on expanding its fab in Kaohsiung’s Lujhu District (路竹) to better serve its local customers, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電). The company said it plans to expand its production space by 50 percent in the next five years and its workforce by about 40 percent, Merck Group Taiwan managing director Dick Hsieh (謝志宏) told a media briefing in Taipei. Hsieh declined to disclose investment details, but said that the latest investment would exceed the total amount Merck has invested in Taiwan over the past few years. Those investments would be
Yageo Corp (國巨), the world’s third-largest supplier of multilayer ceramic capacitors, has formed a strategic alliance with Hon Hai Precision Industry Co (鴻海精密) to develop key electronic components for electric vehicles and digital healthcare, it said yesterday. The alliance is to help Yageo boost its revenue from high-end components for vehicles and industrial, medical and aerospace devices, as well as those used in 5G and Internet-of-Things devices, the company said. The companies signed the strategic alliance agreement at Yageo’s headquarters in New Taipei City’s Sindian District (新店). Their cooperation is to start this quarter, the companies said in a joint statement. “Through the cooperation
SUPPLY CONSTRAINTS: The transferred orders might not provide an immediate revenue boost given local chipmakers’ high utilization rates, a senior analyst said Shares of local contract chipmakers yesterday rose as much as the 10 percent daily limit, as investors bet on orders being transferred from Semiconductor Manufacturing International Corp (SMIC, 中芯國際) after the US imposed export restrictions on the Chinese chipmaker. United Microelectronics Corp (UMC, 聯電) shares soared 10 percent to close at NT$27.5 as 380 million shares changed hands on the Taiwan Stock Exchange. UMC is the world’s No. 3 foundry by revenue, followed by SMIC, according to data from market researcher TrendForce Corp (集邦科技). UMC has product and customer portfolios similar to those of SMIC, TrendForce said, adding that UMC offers 14-nanometer and