Wed, Apr 04, 2007 - Page 11 News List

Business Briefs

STAFF WRITER WITH AGENCIES

■ TAIEX closes up

Share closed 0.61 percent higher yesterday as sentiment was bolstered by upbeat trade on Wall Street overnight and then markets around the region, dealers said.

The TAIEX closed up 47.92 points at 7,932.91, on turnover of NT$118.65 billion (US$3.6 billion).

On the foreign exchange market, the New Taiwan dollar lost ground against its US counterpart, declining NT$0.018 to close at NT$33.116, on turnover of US$935 million on the Taipei Forex Inc.

■ Auto industry gets help

The Ministry of Economic Affairs has vowed to help the local automobile industry integrate information technology to boost the industry's added value and expand its global market share, Economic Affairs Minister Steve Chen said.

He made the remark at the opening ceremony Monday for the 2007 International Auto Parts & Accessories Show and the 2007 Taipei International Automobile Electronics Show.

A total of 2,301 booths have been set up at the two shows, which have drawn 995 companies from 15 countries to participate and will run until tomorrow.

■ Powerchip sales drop

Powerchip Semiconductor Corp (力晶半導體), the nation's biggest maker of computer memory chips, said yesterday its sales for last month had dropped about 13 percent to NT$8.02 billion from February on price decline.

Last month's sales grew almost 60 percent year-on-year. In the first quarter, Powerchip's revenues almost doubled to NT$28.96 billion, from NT$14.18 billion a year ago.

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