UMC seeking Motorola order
United Microelectronics Corp (UMC, 聯電) may get orders from Motorola Inc next year for processor chips used in the US company's mobile phones, the DigiTimes Web site reported, without saying where it obtained the information.
Motorola on Monday said it will shed its semiconductor unit in an initial public offering and spinoff, freeing up money to invest in its mobile-telephone operation and stem three years of market-share losses to Nokia Oyj.
Motorola planned to stop placing orders with UMC in the second half of the year, Motorola senior vice president Bill Walker said back in March.
Ten Motorola factories worldwide now make and package chips, down from 29 three years ago. The company will outsource more production to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) this year, Walker said.
Chinese Petroleum seeks cargo
Chinese Petroleum Corp plans to buy 30,000 tonnes of heavy naphtha for delivery next month, a company official said.
The company is seeking the car-go for delivery to Kaohsiung port, said the official, who asked not to be identified. Bids to supply the naphtha will close on Tuesday and must be valid until next Thursday. Heavy naphtha is typically processed at a refinery's reformer unit into gasoline blending components.
Hon Hai's sales jump
Hon Hai Precision Industry Co (鴻海精密), the country's biggest electronics company by revenue, said sales last month rose 62 percent to NT$36.6 billion (US$1.1 billion) from a year ago.
The company had sales of NT$22.6 billion in September a year ago and NT$33.6 billion in August this year, according to its statement to the Taiwan Stock Exchange.
Tokyo Electron posts loss
Tokyo Electron Ltd., the world's No. 2 supplier of equipment to the semiconductor industry, said it had a narrower-than-expected fiscal first-half loss, aided by an increase in spending by customers.
The group net loss at the Tokyo-based company totaled about ¥11 billion (US$101 million) in the six months ended Sept. 30, widening from a ¥2.5 billion loss in the year-ago period but better than the company's ¥17.5 billion loss forecast. Sales totaled about ¥220 billion, 5 percent better than the ¥209 billion the company forecast in April.
Tokyo Electron's earnings prospects may improve further as chipmakers, especially suppliers of made-to-order semiconductors such as Taiwan's TSMC and UMC, begin to place new equipment orders in the January to March period next year, analysts said.
`Forbes' revives China rich list
Forbes magazine plans to publish its "rich list" of China's wealthiest entrepreneurs for the first time since 1999 this month, a statement from the magazine's Singapore office said.
"For more than 20 years, Forbes annually and on schedule has been publishing lists of the wealthiest Americans and subsequently also the world's billionaries. Drawing from this experience and authenticity, Forbes Global will be doing the same again this year with its ranking of China's most successful business people at the end of this month," editor Tim Ferguson said in the statement.
Forbes first published its list of the richest Americans about 80 years ago and published its first rich list for China in 1995. This year's China Rich List will be the magazine's third such a list.
Singapore's economy rebounds
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