Taishin Investment Trust Co (
"Business ties will eventually be separated," Wu said yesterday as he spoke to the media for the first time since a shareholding fight with his elder brother Thomas Wu (
Eric Wu is sure to take over control of Shinkong Synthetic Fibers Corp (
In return, Thomas Wu won full family support to be re-elected as chairman of the financial-service company earlier this month.
As part of the agreement, Taishin Financial is expected to release its 45 percent stake in Taishin Investment Trust, which was established in June, within the next three years.
Eric Wu said that he may buy back the stake if the price is right.
The remaining 55 percent stake is owned by several family-owned subsidiaries.
Eric Wu also said the trust company is working on two acquisition deals, one of which is slated to be closed by year's end, although he would not elaborate.
When asked if he is interested in forming a financial-services company, he gave a resounding "No."
But he said that he hasn't ruled out the possibility of merging with other, bigger financial holding companies such as Shinkong Financial Holding Co (
Eric Wu refused to say whether the family-run businesses have officially been split between the four brothers, though he did say that "the to-be-held family meeting will be part of an ongoing process."
Meanwhile, Taishin Investment Trust yesterday celebrated its success in sales of two fund products and boasted that its fund size is nearing NT$10 billion.
Company's president Charles Shen (
Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Monday introduced the company’s latest supercomputer platform, featuring six new chips made by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), saying that it is now “in full production.” “If Vera Rubin is going to be in time for this year, it must be in production by now, and so, today I can tell you that Vera Rubin is in full production,” Huang said during his keynote speech at CES in Las Vegas. The rollout of six concurrent chips for Vera Rubin — the company’s next-generation artificial intelligence (AI) computing platform — marks a strategic
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
US President Donald Trump on Friday blocked US photonics firm HieFo Corp’s US$3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore Corp, citing national security and China-related concerns. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s businesses led the US president to believe that it might “take action that threatens to impair the national security of the United States.” The order did not name the person or detail Trump’s concerns. “The Transaction is hereby prohibited,”
Garment maker Makalot Industrial Co (聚陽) yesterday reported lower-than-expected fourth-quarter revenue of NT$7.93 billion (US$251.44 million), down 9.48 percent from NT$8.76 billion a year earlier. On a quarterly basis, revenue fell 10.83 percent from NT$8.89 billion, company data showed. The figure was also lower than market expectations of NT$8.05 billion, according to data compiled by Yuanta Securities Investment and Consulting Co (元大投顧), which had projected NT$8.22 billion. Makalot’s revenue this quarter would likely increase by a mid-teens percentage as the industry is entering its high season, Yuanta said. Overall, Makalot’s revenue last year totaled NT$34.43 billion, down 3.08 percent from its record NT$35.52
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