Government sells half of bonds
The government sold NT$9.9 billion (US$300 million) of 20-year bonds, less than half the amount it had sought to raise, at a yield of 2.647 percent, higher than the rate of return from the last sale of comparable debt.
Yesterday's auction drew bids equal to 1.04 times the offering, compared with 2.15 times at the last sale, the central bank said in a statement yesterday.
The yield in the previous sale, on Feb. 9, was 2.08 percent. The government had planned to sell NT$20 billion of bonds yesterday.
TSMC increases Vanguard share
Representatives from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world's biggest contract chipmaker, yesterday said it has acquired an additional 169 million shares of local chipmaker Vanguard Semiconductor Corp (世界先進) for NT$4.93 billion (US$150 million), boosting its stake in Vanguard to 36.8 percent from 26.8 percent. The acquisition aims to expand its capacity to meet rising demand.
TSMC said last week it has no intention to merge Vanguard.
Asustek to launch US$199 model
Asustek Computer Inc (華碩電腦), a leading Taiwanese computer maker, will launch its much anticipated low-price computer next month, becoming one of the first companies marketing the ultra-mobile product for the developing world.
Developed in conjunction with Intel Corp, the Asustek laptop with a 7-inch screen will also come in a more sophisticated model that will target the developed world, company chairman Jonney Shih (施崇堂) said.
"It will be a laptop that's easy to learn how to use, easy to play with and easy to work with ... one targeting both the emerging and mature markets," Shih said in an interview.
More than 500 engineers, mostly from Asustek's bases in Taiwan and China, were involved in the development of the low-price laptop, Shih said.
A simple model of the product will be priced at US$199 at the retail level, while a more advanced model with more features will sell for between US$245 and US$299, he said.
Using the Linux operating system, the laptop will carry the company's ASUS brand, Shih said.
Motech opens US office
Motech Industries Inc (茂迪), the nation's largest solar cell maker, said yesterday that it has established an US office in Golden, Colorado to expand its business in the rapidly growing market.
The US market contributed about 8 percent of Motech's revenues last year, and the figure increased to 11 percent in the first quarter this year.
Tom Surek, who worked with the US National Renewable Energy Laboratory for more than 29 years, will head the US operation, Motech said in a filing to the Taiwan Stock Exchange.
Motech also hopes to form partnerships with US research institutions to further advance the company's technology through Surek's expertise and connections in the industry, the statement said.
Hsinchu convention center set
The Hsinchu Science Park will soon have its own international convention center, the head of the park administration said yesterday.
Huang Teh-jui (黃得瑞) told a press conference that the convention center and an elite guest house will be officially inaugurated at the end of this year or early next year.
The new facilities will provide more convenience to the nearly 400 high-tech companies in the park in accommodating foreign visitors and holding international conferences or technical seminars, Huang said.