Canadian phone-equipment maker Nortel’s sudden bankruptcy filing on Wednesday sent ripples through local contract manufacturers yesterday.
Wistron Co (緯創) released a statement on the Taiwan Stock Exchange yesterday to announce a possible loss of NT$200 million (US$5.99 million), or NT$0.13 per share, related to Nortel Networks Corp’s collapse.
Wistron said it had been in business with Nortel for many years, and it was currently in talks with Nortel to collect due payments.
Since Wistron’s main product focus lies in personal computers, its stock only slid NT$0.70 or 2.85 percent to close at NT$23.85.
Nortel is seeking bankruptcy protection in Canadian, US and UK courts, the company announced on Wednesday. The company also saw revenues drop due to fierce competition in Internet-related equipment and traditional telecom systems.
In Taiwan, several suppliers of telecom components to the company with varying exposures saw their stocks decline yesterday.
Alpha Networks Inc (明泰科技) and Accton Technology Corp (智邦科技), which focus on the manufacturing of wireless adaptors/routers and WiMAX customer premises equipment, dropped NT$0.43 and NT$0.38 yesterday to close at NT$16.05 and NT$7.35, respectively.
While D-Link Corp (友訊科技) isn’t a direct supplier to Nortel, its stock suffered a 6 percent drop on the day to NT$18.90 due to its 38 percent ownership in Alpha Networks.
Hitron Technologies Inc (仲琦科技) closed down limit to NT$6.15.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Standard Chartered Taiwan on March 26 announced that it has partnered with international fintech firm FinIQ to build an “Automated Structured Products Pricing Platform.” The bank is also introducing products from global issuers including Goldman Sachs Group Inc, Barclays PLC and BNP Paribas SA. The new platform enables an end-to-end process whereby it finds the most competitive pricing across multiple issuers in a matter of minutes, followed by automated documentation and transaction execution, which significantly shortens time-to-market and delivers a superior wealth management experience. Standard Chartered Bank Taiwan CEO Anthony Yu (游天立) said: “Standard Chartered is increasingly leveraging its wealth management
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