Amtran shifts to China
Local flat-panel TV maker Amtran Technology Co Ltd (瑞軒) will gradually allocate its local capacity to a Chinese operation to save costs, company spokesman Scottie Chiu (邱裕平) said by telephone yesterday.
Amtran has yet to come up with a timetable for the closure of its local plant in Huko (湖口), Hsinchu, Chiu said.
Amtran sells liquid-crystal-display (LCD) TV sets under the Vizio brand in North America. Vizio was the No. 3 brand in North America with a 12.5 percent share of the market in the first quarter.
Chiu declined to reveal how many employees work at the factory, but said that most were foreign labor and worked on short-term contracts. The company has encouraged Taiwanese employees to transfer to the company’s other divisions or to file for prefential packages to leave the firm.
Investment at home increases
Taiwanese businesses that relocated overseas are showing renewed interest in investing at home, committing to 166 investment projects in Taiwan since September 2006, figures released by the Ministry of Economic Affairs showed yesterday.
The projects, including 65 recorded during the first six months of this year, are estimated to be worth a total of NT$19.5 billion (US$640.7 million), the figures showed.
Thirty-nine projects have been completed and 62 are underway, with the number of workers hired totaling 5,890. The remaining 65 projects are under evaluation, it said.
Of the total investment projects, 115 — worth a total of NT$16.7 billion — were made by China-based Taiwanese companies. Most of the projects were in the machinery, computer, electronics and optical product manufacturing sectors.
Meanwhile, 13 investments were made or planned by Taiwanese businesses in Southeast Asia, 33 by Taiwanese businesses in North America and five from other regions.
TAITRA on the offensive
The government will create a taskforce to help overseas buyers buy products made by Taiwanese manufacturers, Wang Chih-kang (王志剛), the new chairman of the Taiwan External Trade Development Council (TAITRA, 外貿協會), said yesterday.
Wang made the remarks during his inauguration ceremony yesterday.
The board of the government agency approved Wang’s nomination as successor to Hsu Chih-jen (�?�) on Tuesday.
Wang said TAITRA would help local companies with Chinese operations sell their products in China rather than export them to other markets to cope with rising labor cost and falling tax refunds in China.
Yahoo goes interactive
Yahoo will allow developers everywhere to create applications throughout the Yahoo properties and make every element of the Yahoo experience more interactive through its Yahoo Open Strategy.
Yahoo chief technology officer Aristotle Balogh said at a briefing in Taipei yesterday that rather than having 25 independent application programming interfaces, a single consistent programming model would be used for all Yahoo properties, which he said would unlock the true power of Yahoo.
Balogh said Yahoo would hold its annual event Open Hack Day in Taiwan for the first time in September, during which local developers will have 24 hours to create an application and present it.
NT drops against greenback
The New Taiwan dollar dropped NT$0.012 to NT$30.372 against the US dollar on turnover of US$755 million.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
MINERAL DIPLOMACY: The Chinese commerce ministry said it approved applications for the export of rare earths in a move that could help ease US-China trade tensions Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers. He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement. He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said. US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today,
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