HTC Corp (宏達電), the world’s biggest maker of mobile phones running on Microsoft Inc’s system, said yesterday it had bought US industrial design company One & Company Design Inc for US$4.82 million in cash, aiming to enhance its design capabilities to compete in the global marketplace.
Executives hope the move is a step toward meeting HTC’s goal of becoming a top brand joining players such as Apple Inc and Nokia.
“The combination will bring globally talented people and their ideas to HTC’s design team. That will also bring multi-cultural elements to HTC’s product design,” HTC said in a statement.
One & Co, based in San Francisco, was involved in the design of HTC’s Touch Diamond series in 2006.
The company also helped design a wide range of products including Sony Corp’s first desktop video conferencing system and Microsoft Corp’s media center PC.
HTC will pursue more acquisition opportunities to strengthen its core business, HTC chief executive Peter Chou (周永明) said last month.
The cellphone maker favors companies that fit strategically such as software firms, Chou said. The company had NT$40.61 billion (US$1.2 billion) in cash as of Sept. 30.
Chou said he was confident the company would reach its target of increasing revenues 29 percent this year from last year.
Ryanair, Transavia, Volotea and other low-cost airlines are feeling the financial pain from high jet fuel prices as a result of the Middle East war and are cutting flights. The closure of the Strait of Hormuz has taken a huge chunk of oil supplies off the market, sending the price of jet fuel soaring and triggering fears of shortages that could force airlines to cancel flights. Airlines are not waiting for a lack of supplies to react. “Travel alert: Airlines are cutting thousands of flights right now,” Travel Therapy host Karen Schaler said in an Instagram reel this past weekend.
MANAGING RISKS: Taiwan has secured LNG sufficient to cover 95 percent of electricity demand for next month, UBS said, describing the government’s approach as proactive UBS Group AG has raised its forecast for Taiwan’s economic growth this year to 8 percent, up from 6.9 percent previously, and said expansion could reach as high as 8.6 percent if external energy shocks are avoided. The upgrade reflects a stronger-than-expected first-quarter performance and sustained momentum in artificial intelligence (AI)-driven exports, which UBS said are providing a firm foundation for growth despite geopolitical and energy risks. Taiwan’s GDP expanded 13.69 percent year-on-year in the first quarter, the fastest growth since the second quarter of 1987, the Directorate-General of Budget, Accounting and Statistics (DGBAS) reported on Thursday. On a seasonally
Shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) have repeatedly hit new highs, but an equity analyst said the stock’s valuation remains within a reasonable range and any pullback would likely be technical. The contract chipmaker’s historical price-to-earnings (P/E) ratio has ranged between 20 and 30, Cathay Futures Consultant Co (國泰證期) analyst Tsai Ming-han (蔡明翰) told Central News Agency. With market consensus projecting that TSMC would post earnings per share of about NT$100 (US$3.17) this year, supported by strong global demand for artificial intelligence (AI) applications, and the stock currently trading at a P/E ratio of below 25, Tsai said the valuation
The list of Asian stocks that benefit from business partnership with Nvidia Corp is getting longer, as the region further integrates into the artificial intelligence (AI) chip giant’s business ecosystem. Just in the past week, South Korea’s LG Electronics Inc, Taiwan’s Nanya Technology Corp (南亞科技), as well as China’s Huizhou Desay SV Automotive Co (德賽西威) and Pateo Connect Technology Shanghai Corp (博泰車聯) have become the latest to rally on news of tie-ups, supply-chain participation or product collaboration with the US chip designer. Asian suppliers account for about 90 percent of Nvidia’s production costs, up from about 65 percent last year, data compiled
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