Lenovo Group Ltd’s (聯想) Taiwan branch yesterday introduced two new netbooks as the company makes its first foray into the “mini-laptop” business started by Asustek Computer Inc (華碩電腦) at the end of last year.
The two models — Ideapad S9, with a screen measuring 8.9 inches and Ideapad S10, with a 10.2-inch screen — both weigh less than 1kg and are powered by Atom processors and one gigabyte (GB) of RAM.
S9 features 8GB of internal memory, a Linux platform and retails for NT$12,900 (US$420). The S10 features 80GB of internal memory, Windows XP and retails for NT$17,900, Lenovo Taiwan said. The two netbooks will be available to the public next month at major consumer electronics stores, the company said.
Demand for mini-laptops is expected to grow substantially in the next few years because of their competitive prices and easy availability.
Based on market researcher IDC’s statistics, 43,000 netbooks were sold domestically last year. Annual sales figure are projected to reach 9.2 million units by 2012.
“IDC sees strong netbook market growth in the education system. Hence Lenovo also wants to target this prime audience,” said Benjamin Ou (歐明哲), new general manager at Lenovo Taiwan.
Ou resigned last month from Hewlett-Packard’s Taiwan branch. He brings seven years of product management and sales channel experience to his new role at the world’s fourth-largest PC vendor.
Amy Wu (吳慧玲), sales manager at Lenovo, described one primary client group for netbooks as working professionals looking for a second laptop that is easier to travel with.
“An ideal customer can be a life insurance sales representative, a financial adviser or a traveling executive who spends lot of time outside the company,” she said.
After conducting extensive market research, Lenovo is using its “sales channels to directly target these particular corporate and institutional groups,” Wu said.
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced
Saudi Arabian Oil Co (Aramco), the Saudi state-owned oil giant, yesterday posted first-quarter profits of US$26 billion, down 4.6 percent from the prior year as falling global oil prices undermine the kingdom’s multitrillion-dollar development plans. Aramco had revenues of US$108.1 billion over the quarter, the company reported in a filing on Riyadh’s Tadawul stock exchange. The company saw US$107.2 billion in revenues and profits of US$27.2 billion for the same period last year. Saudi Arabia has promised to invest US$600 billion in the US over the course of US President Donald Trump’s second term. Trump, who is set to touch
SKEPTICAL: An economist said it is possible US and Chinese officials would walk away from the meeting saying talks were productive, without reducing tariffs at all US President Donald Trump hailed a “total reset” in US-China trade relations, ahead of a second day of talks yesterday between top officials from Washington and Beijing aimed at de-escalating trade tensions sparked by his aggressive tariff rollout. In a Truth Social post early yesterday, Trump praised the “very good” discussions and deemed them “a total reset negotiated in a friendly, but constructive, manner.” The second day of closed-door meetings between US Secretary of the Treasury Scott Bessent, US Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng (何立峰) were due to restart yesterday morning, said a person familiar