Microsoft expands in Ireland
Microsoft Corp announced plans on Thursday to open a new research and development center in Ireland that it said would design parts of the next edition of its Windows operating system, codenamed "Longhorn." The announcement came during 20th anniversary celebrations of Microsoft's 1985 arrival in Dublin. The software giant employs 1,200 people in suburban south Dublin and has made Ireland -- the world's biggest exporter of software, thanks to Microsoft's presence -- one of its main European bases for customer support, production and research. Besides working on components of Longhorn, the center's researchers are expected to develop applications for Windows Media Center and make Microsoft software more adaptable for use in different languages and countries.
Dragonair to increase seats
Dragon Airlines Ltd plans to increase its seats on flights to China this summer to meet expectations of a sharp rise in passengers, the company says. The carrier -- Hong Kong's second largest -- also plans to start flights to South Korea and Australia and launch a cargo service to the United States in the coming months, chief financial officer Francis Wai said in an interview. Wai said China's robust economy warranted the increase in the carrier's air services. "Mainland China is our core market and will continue to be so," Wai said. Dragonair posted record passenger and cargo volume last year, when it flew 4.5 million passengers, up 49.2 percent from 2003.
Warner Music files IPO plan
Warner Music Group Corp, home to Madonna, on Friday revealed plans for an initial public offering, filing with regulators to sell up to US$750 million of common stock. In its Securities and Exchange Commission statement, the company did not estimate how many shares or at what price it planned to offer its stock, but said shares will be sold by both the company and several shareholders. Warner Music, one of the world's largest record companies, plans to list its stock on either the New York Stock Exchange or on the NASDAQ. Proceeds from the deal will be used to repay debt and for general corporate purposes, according to the SEC document, submitted on Friday. New York-based Warner Music was formed about a year ago when a group of investors, led by chairman and chief executive Edgar Bronfman, bought Time Warner Inc's music division for US$2.6 billion in mostly cash.
Jetsgo grounds all its planes
Discount Canadian airline Jetsgo announced on Friday that all its flights had been canceled while it seeks bankruptcy protection, stranding an estimated 17,000 passengers, many of whom were heading out on their long-awaited spring break. Jetsgo advised customers to make alternative arrangements before heading to the airport since there would be no Jetsgo staff or planes available while the airline seeks bankruptcy-court protection. Travelers who are already away were told their return tickets were no good and to make other arrangements to get back home. The privately held company issued the stunning announcement shortly after midnight on Friday. It is asking Quebec Superior Court to grant it protection from creditors. Jetsgo said that difficult market conditions and competitive pressures led the company to discontinue operations and ground all of its planes.
Polytronics Technology Corp (聚鼎科技) yesterday announced that it is buying Henkel AG’s thermal clad dielectric material (TCLAD) business division for US$26 million as the Taiwanese firm aims to improve its technology, product portfolio and revenue performance. Polytronics, headquartered in the Hsinchu Science Park (新竹科學園區), is a supplier of protection components and heat dissipation materials. The firm entered the metallic heat-dissipation substrate market in 2007 and developed a unique solventless production process. Its board of directors approved signing an agreement with Henkel to acquire the German chemical firm’s TCLAD division in the US. The purchase includes all assets and business interests, including equipment,
ELECTRIC FARMLAND: TSMC’s proposal to clear 230 hectares of reforested land for what would become Taiwan’s largest photovoltaic solar farm has generated concerns New rules curbing solar farms built on agricultural land sparked fierce debate at a packed public hearing at the Legislative Yuan yesterday, with industry representatives saying that the new restrictions would endanger President Tsai Ing-wen’s (蔡英文) green energy goals, while agricultural officials emphasized the importance of protecting farmers and the environment. The Tsai administration has set a target to generate 20 percent of the nation’s power from renewable sources by 2025, by which time it also aims to install 20 gigawatts (GW) of solar power, including 6GW from rooftop solar systems and 14GW from ground-mounted solar farms. Although rooftop solar systems are
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted monthly revenue that suggested second-quarter sales surpassed analysts’ estimates, underscoring how its technological lead is helping the chipmaker weather the COVID-19 pandemic and US sanctions on its second-biggest customer Huawei Technologies Co (華為). Apple Inc’s main iPhone chipmaker posted sales of NT$120.88 billion (US$4.08 billion) for last month, up 40.8 percent year-on-year and bringing its revenue for the second quarter to NT$310.7 billion, beating the NT$308.8 billion analysts expected on average. TSMC, a barometer for the industry thanks to its heft in the global supply chain, had previously lowered its revenue outlook for this
‘SENSITIVE MARKETS’: The previously unannounced project would involve the company handing over control of data to a third party to sidestep privacy concerns Google has abandoned plans to offer a major new cloud service in China and other politically sensitive countries due in part to concerns over geopolitical tensions and the COVID-19 pandemic, two employees familiar with the matter said, revealing the challenges for US tech giants to secure business in those markets. In May, the search giant shut down the initiative, known as “Isolated Region” and which sought to address nations’ desires to control data within their borders, the employees said. The action was considered a “massive strategy shift,” said one of the employees, who added that Isolated Region had involved hundreds of employees