Shin Kong Financial Holding Co (
Last year, Shin Kong Financial reaped net profits of NT$7.06 billion, or NT$1.74 per share. For the first eight months of this year, the firm posted earnings of NT$7.45 billion, or NT$1.71 per share.
Hsu said that Shin Kong Financial has been looking for potential acquisition targets after taking over Macoto Bank (
He didn't specify potential candidates, but local media have been speculating that MasterLink Securities Corp (
According to the Shin Kong group's statistics, flagship unit Shin Kong Life Insurance Co (
"We have interests in First Financial and the company also offers good investment value," Shin Kong Financial chairman Eugene Wu (
But under current regulations, the company is competing with interested foreign rivals with its one hand tied behind its back, Wu said.
He remained tight-lipped about the firm's plans for First Financial, saying only that it would flexibly respond to future situations.
On Wednesday, Minister of Finance Ho Chih-chin (何志欽) said that the ministry might consider unloading shares in state-controlled banks to top foreign firms.
Ho's remark follows recent announcements by Standard Chartered Bank of its plan to buy Hsinchu International Bank (新竹國際商銀) and Citibank's interest in taking over the Bank of Overseas Chinese (
The ministry's government shareholding management unit, which oversees state holdings, last week unveiled guidelines for dis-posing of public shares in financial institutions. At the time, the ministry said it preferred the world's top 100 banks to take over state shareholdings in future disposals and that local financial institutions are banned from using insurance funds for takeover investment.
The government currently holds a majority of board seats in eight state-controlled banks, including the Bank of Taiwan (
Deputy Minister of Finance Liu Teng-cheng (
With this year’s Semicon Taiwan trade show set to kick off on Wednesday, market attention has turned to the mass production of advanced packaging technologies and capacity expansion in Taiwan and the US. With traditional scaling reaching physical limits, heterogeneous integration and packaging technologies have emerged as key solutions. Surging demand for artificial intelligence (AI), high-performance computing (HPC) and high-bandwidth memory (HBM) chips has put technologies such as chip-on-wafer-on-substrate (CoWoS), integrated fan-out (InFO), system on integrated chips (SoIC), 3D IC and fan-out panel-level packaging (FOPLP) at the center of semiconductor innovation, making them a major focus at this year’s trade show, according
DEBUT: The trade show is to feature 17 national pavilions, a new high for the event, including from Canada, Costa Rica, Lithuania, Sweden and Vietnam for the first time The Semicon Taiwan trade show, which opens on Wednesday, is expected to see a new high in the number of exhibitors and visitors from around the world, said its organizer, SEMI, which has described the annual event as the “Olympics of the semiconductor industry.” SEMI, which represents companies in the electronics manufacturing and design supply chain, and touts the annual exhibition as the most influential semiconductor trade show in the world, said more than 1,200 enterprises from 56 countries are to showcase their innovations across more than 4,100 booths, and that the event could attract 100,000 visitors. This year’s event features 17
Germany is to establish its first-ever national pavilion at Semicon Taiwan, which starts tomorrow in Taipei, as the country looks to raise its profile and deepen semiconductor ties with Taiwan as global chip demand accelerates. Martin Mayer, a semiconductor investment expert at Germany Trade & Invest (GTAI), Germany’s international economic promotion agency, said before leaving for Taiwan that the nation is a crucial partner in developing Germany’s semiconductor ecosystem. Germany’s debut at the international semiconductor exhibition in Taipei aims to “show presence” and signal its commitment to semiconductors, while building trust with Taiwanese companies, government and industry associations, he said. “The best outcome
Semiconductor equipment billings in Taiwan are expected to double this year, as manufacturers in the industry are keen to expand production to meet strong global demand for artificial intelligence applications, according to SEMI, which represents companies in the electronics manufacturing and design supply chain. Speaking at a news conference before the opening of Semicon Taiwan trade show tomorrow, SEMI director of industry research and statistics Clark Tseng (曾瑞榆) said semiconductor equipment billings in Taiwan are expected to grow by an annual 100 percent this year, beating an earlier estimate of 70 percent growth. He said that Taiwan received a boost from a
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