Taiwan Mobile Co (台灣大哥大), the nation's third-largest mobile operator, projected yesterday that third-quarter pre-tax profits would grow 17.4 percent at a quarterly rate to NT$5.67 billion (US$173.1 million) due to an increase in subscribers and gains from asset sales.
Net income would also increase to NT$1.03 per share from NT$0.93 in the second quarter, according to a statement filed to the Taiwan Stock Exchange.
According to the statement, Taiwan Mobile plans to sell 100 million shares in rival Chunghwa Telecom (
The company generated NT$485 million by selling Chunhgwa Telecom shares on the local stock market earlier this month.
Revenues would also expand nearly 4 percent to NT$12.51 billion during this quarter from last quarter, according to the statement.
On the local bourse, Taiwan Mobile shares dropped 0.33 percent to NT$29.9 yesterday.
Separately, Daniel Tsai (
Under this law, the chairpersons and presidents of financial holding firms cannot serve simultaneously as chairpersons or presidents of non-financial businesses. The regulation took effect on Jan. 1, but company chiefs are allowed to finish their current tenures.
In the statement, the telecommunications firm said it held a meeting yesterday and elected Richard Tsai (蔡明興), vice chairman of Fubon Financial and Daniel Tsai's younger brother, as its new chairman.
The board elected Daniel Tsai as its new vice chairman, according to the statement.
Daniel Tsai was not the only business heavyweight whose position as chairman of both a financial holding company and a non-financial enterprise contravened the new law.
While those affected have been given a grace period of up to three years to comply, critics have argued that the new requirement will only lead to a phenomenon of "figurehead" chairpersons being installed at the helm of family-run businesses.
Among those affected by the new legislation are Eugene Wu (吳東進), who heads both Shin Kong Financial Holding Co (新光金控) and Great Taipei Gas Corp (大台北瓦斯); Jeffrey Koo (辜濂松), who chairs Chinatrust Financial Holding Co (中信金控) and four non-financial businesses; and Lin Ming-cheng (林明成), who leads Hua Nan Financial Holding Co (華南金控) and four non-financial entities.
SEMICONDUCTOR SERVICES: A company executive said that Taiwanese firms must think about how to participate in global supply chains and lift their competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it expects to launch its first multifunctional service center in Pingtung County in the middle of 2027, in a bid to foster a resilient high-tech facility construction ecosystem. TSMC broached the idea of creating a center two or three years ago when it started building new manufacturing capacity in the US and Japan, the company said. The center, dubbed an “ecosystem park,” would assist local manufacturing facility construction partners to upgrade their capabilities and secure more deals from other global chipmakers such as Intel Corp, Micron Technology Inc and Infineon Technologies AG, TSMC said. It
EXPORT GROWTH: The AI boom has shortened chip cycles to just one year, putting pressure on chipmakers to accelerate development and expand packaging capacity Developing a localized supply chain for advanced packaging equipment is critical for keeping pace with customers’ increasingly shrinking time-to-market cycles for new artificial intelligence (AI) chips, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said yesterday. Spurred on by the AI revolution, customers are accelerating product upgrades to nearly every year, compared with the two to three-year development cadence in the past, TSMC vice president of advanced packaging technology and service Jun He (何軍) said at a 3D IC Global Summit organized by SEMI in Taipei. These shortened cycles put heavy pressure on chipmakers, as the entire process — from chip design to mass
People walk past advertising for a Syensqo chip at the Semicon Taiwan exhibition in Taipei yesterday.
NO BREAKTHROUGH? More substantial ‘deliverables,’ such as tariff reductions, would likely be saved for a meeting between Trump and Xi later this year, a trade expert said China launched two probes targeting the US semiconductor sector on Saturday ahead of talks between the two nations in Spain this week on trade, national security and the ownership of social media platform TikTok. China’s Ministry of Commerce announced an anti-dumping investigation into certain analog integrated circuits (ICs) imported from the US. The investigation is to target some commodity interface ICs and gate driver ICs, which are commonly made by US companies such as Texas Instruments Inc and ON Semiconductor Corp. The ministry also announced an anti-discrimination probe into US measures against China’s chip sector. US measures such as export curbs and tariffs
RSS