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Business Briefs
AGENCIES
Thursday, May 05, 2005, Page 11
Company sells chip testing unit
Silicon Integrated Systems Corp (矽統) plans to sell its microchip-testing business to King Yuan Electronics Co (京元電子) to focus on microchip design, a Chinese-language newspaper reported, citing an unidentified Silicon Integrated official.
Silicon Integrated plans to complete the transfer of its Hsinchu-based microchip testing and packaging division to King Yuan by the middle of this year, the newspaper said.
Taipower goes for wind power
State-owned Taiwan Power Co (Taipower, 台電) plans to invest NT$45 billion (US$1.4 billion) over 10 years to build wind-generated power plants along the nation's western coastal county of Yunlin County, a Chinese-language newspaper said, citing company official Chen Wu-hsiung (陳武雄).
On Tuesday Taipower applied to the Yunlin County Government for the planned power plants, expecting to install 245 sets of wind-generated power systems, the paper said, citing Chen, director of Taipower's power development division.
Hynix says bottom line hit
Hynix Semiconductor Inc of South Korea said yesterday that a strong won, combined with weak memory chip prices and higher prices of raw materials, had made a dent in its bottom line.
For the three months to March, Hynix, the world's second-largest manufacturer of memory chips after local peer Samsung Electronics, said net profit fell 16 percent year-on-year to 321 billion won (US$320 million). Compared with the previous quarter, net profit for the first quarter was up 53 percent.
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