Elitegroup Computer System Co (
"Intel has chosen us to supply motherboards. The deal is simple as Intel wants a supplier with ample supplies to forge a long-term relationship," said an Elitegroup official who spoke on condition of anonymity.
Both companies held a press conference in Beijing yesterday to announce the partnership, the official said.
"Internet cafes are hot and they bring up the PC demand there," the official added.
Currently, there are over 120,000 Internet cafes in China that are officially registered with the government. That translates to a market demand for 8 million desktop computers, the Chinese-language Economic Daily News reported yesterday.
The desktop figure could reach 10 million if unregistered cyber cafes were taken into account, it said.
The mushrooming number of the computer cafes has attracted the attention of chip makers Intel and Advanced Micro Devices Inc (AMD), as well as graphic chip designers Nvidia Corp and ATI Technologies Inc.
The paper quoted industry sources who said that because rival AMD's processors have acquired a 70 percent share of China's Internet cafe market, Intel is now aggressively striving to make up lost ground and increase its share to at least 50 percent.
Intel has been pushing its Platform Administration Technology, which is a platform solution for small-sized and medium-sized network environments such as Internet cafes. It hopes its solution will become the standard platform for Internet cafes in China.
But instead of using its own brand of motherboards this time, Intel has opted to use products made by Elitegroup to lower costs and boost competitiveness, the paper said.
According to Elitegroup's statistics, the company's total motherboard shipments stood at 5.6 million units in the second quarter, a rise of 21 percent from a year earlier.
Shipments for the first two months of the third quarter were slow but the company expects them to rise this month, it said.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to