■ Index to drop Quanta
Taiwan Stock Exchange Corp and FTSE International Limited (FTSE) announced yesterday that as Quanta Display Inc (廣輝電子) will be acquired by AU Optronics Corp (友達光電), the world's third-largest maker of liquid-crystal-display (LCD) panels, Quanta's stock will be removed from the TSEC Taiwan 50 Index, effective from next Wednesday.
Quanta Display's vacancy will be filled by Largan Precision Co (大立光), as the nation's leading maker of camera lenses has the 51st highest market capitalization among listed companies in Taiwan, the stock exchange said.
Largan is now included in the TSEC Taiwan Mid-Cap 100 Index, and its position in the index will be filled in by Kinki Co (中國砂輪), a grinding wheel maker, the exchange said.
As Quanta is also included in the TSEC Taiwan Technology Index, the company will be deleted there also, the exchange said.
■ TV station for kids to debut
Nickelodeon Networks Asia and Taiwan's Eastern Broadcasting Co (東森電視) have joined forces to debut "YoYo Nick," a three-hour localized Nickelodeon-branded programming block for kids in Taiwan to be aired on Monday.
Children will be able to enjoy the Mandarin-language versions of Nickelodeon's popular animations on Eastern Broadcasting's dedicated children's channel, YoYo TV.
■ NT rises against greenback
The New Taiwan dollar gained more ground against its US counterpart, advancing NT$0.017 to close at NT$32.897 on the Taipei foreign exchange market.
Turnover was US$680 million.
In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence (AI), smartphones and weapons central to Western military dominance, Reuters has learned. Completed early this year and undergoing testing, the prototype fills nearly an entire factory floor. It was built by a team of former engineers from Dutch semiconductor giant ASML who reverse-engineered the company’s extreme ultraviolet lithography (EUV) machines, according to two people with knowledge of the project. EUV machines sit at the heart of a technological Cold
Taiwan’s long-term economic competitiveness will hinge not only on national champions like Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) but also on the widespread adoption of artificial intelligence (AI) and other emerging technologies, a US-based scholar has said. At a lecture in Taipei on Tuesday, Jeffrey Ding, assistant professor of political science at the George Washington University and author of "Technology and the Rise of Great Powers," argued that historical experience shows that general-purpose technologies (GPTs) — such as electricity, computers and now AI — shape long-term economic advantages through their diffusion across the broader economy. "What really matters is not who pioneers
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
TAIWAN VALUE CHAIN: Foxtron is to fully own Luxgen following the transaction and it plans to launch a new electric model, the Foxtron Bria, in Taiwan next year Yulon Motor Co (裕隆汽車) yesterday said that its board of directors approved the disposal of its electric vehicle (EV) unit, Luxgen Motor Co (納智捷汽車), to Foxtron Vehicle Technologies Co (鴻華先進) for NT$787.6 million (US$24.98 million). Foxtron, a half-half joint venture between Yulon affiliate Hua-Chuang Automobile Information Technical Center Co (華創車電) and Hon Hai Precision Industry Co (鴻海精密), expects to wrap up the deal in the first quarter of next year. Foxtron would fully own Luxgen following the transaction, including five car distributing companies, outlets and all employees. The deal is subject to the approval of the Fair Trade Commission, Foxtron said. “Foxtron will be
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