■ UMC makes gains
United Microelectronics Corp (UMC, 聯電), the world's second-largest contract chipmaker by revenue, said yesterday its revenue for last month rose to NT$8.46 billion (US$269.07 million), up 32.9 percent from the same month last year. The company posted revenue of NT$6.37 billion for April last year. UMC supplies semiconductor chips to several of the biggest companies in the global high-tech sector for use in a variety of products, including desktop computers, notebooks, mobile phones and digital cameras. For the four months ended April 30, UMC reported revenue of NT$32.85 billion (US$1.04 billion), 23.2 percent higher than the NT$26.65 billion in the same period last year, according to a statement on its Web site. UMC's revenue for last month was also up compared to the NT$8.455 billion posted for March.
■ Tsann Kuen trading to resume
Shares of Tsann Kuen Group (燦坤實業) will resume normal trading on the local bourse starting tomorrow, after the nation's largest home appliance and consumer electronics retailer chain passed the auditing of its financial report for last year, the Taiwan Stock Exchange said yesterday. Tsann Kuen's shares were restricted to cash transactions only since last Friday as its certified public accountant (CPA) issued a "qualified opinion" in its annual audit report for last year. Tsann Kuen said it had obtained an "unqualified opinion" for the report on Monday after its CPA in China completed auditing its results. Shares of Tsann Kuen rebounded by the 7 percent daily limit to close at NT$44.6 (US$1.42) yesterday.
■ Pre-tax revenues up
The nation's listed companies grew richer, as the combined first-quarter pre-tax income of the firms publicly traded on the Taiwan Stock Exchange increased by NT$63.3 billion (US$2 billion), or 31.57 percent, from a year ago, the Financial Supervisory Commission said yesterday. Companies traded on the GRETAI Securities Market saw their pre-tax income increase by NT$9.4 billion, or 117.50 percent, over the same period, the statistics showed. Five of the nation's 1,206 listed companies failed to report their financial results for last year and the first quarter of this year by the deadline, including power transformer maker Potrans Electrical Corp (鴻運電子) and telecom software system provider Dinttap International Corp (鼎太國際), the commission said. These companies will be fined between NT$240,000 and NT$2.4 million and face a new deadline, the commission said. Trading of these companies' shares will also be suspended until their financial reports are completed, it added.
■ Dopod backs brand
Dopod International Corp (多普達), which sells mobile phones made by High Tech Computer Corp (宏達電), said late on Monday that it has hired former BenQ Corp (明基) executive Scott Huang (黃思齊) as its new marketing communication director in a bid to boost the company's brand business in the Asia-Pacific market. opod obtained Beijing's approval early this year to sell mobile phones in China. efore joining BenQ, Huang served in high-ranking positions at Nokia Ojy's local branch and local digital camera brand Him Technology Inc (華研).
■ NT dollar declines
The NT dollar lost ground against the US dollar on the Taipei Foreign Exchange yesterday, declining NT$0.117 to close at NT$31.497. total of US$1.03 billion changed hands during the day's trading.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
ROW: A probe would determine if the rights of shareholders who were not allowed to vote yesterday had been violated, while the stock exchange also wants answers The election of board directors yesterday at Tatung Co (大同) sparked controversy after the company blocked some institutional and individual shareholders from participating in the general shareholders’ meeting, prompting the Financial Supervisory Commission (FSC) to announce that the vote would be investigated. Lin Kuo Wen-yen (林郭文艷) was re-elected as chairwoman of the household-appliance maker’s nine-member board, but prior to the vote she announced that several shareholders would not have voting rights. They were being denied a vote because they had contravened the Business Mergers and Acquisitions Act (企業併購法), and the Act Governing Relations Between the People of the Taiwan Area and