MediaTek Inc (聯發科), the nation’s largest handset chip supplier, said yesterday that consolidated sales last month reached NT$9.6 billion (US$286 million), the second highest monthly sales figure since September 2007, when it posted NT$9.9 billion.
Last month’s sales rose 23.72 percent from the same period last year and 20.96 percent from the previous month, company data showed.
Revenues in the first three months of the year grew 14.9 percent to NT$23.73 billion from NT$20.65 billion (US$602 million) in the fourth quarter of last year, aided by a wave of rush orders from China, the company said.
That was better than the company’s forecast issued earlier last month, when it said first-quarter revenues could grow by between 8 percent and 13 percent.
The company also said in a stock exchange filing that its board of directors had approved a proposal to raise new capital to purchase new equipment for research and development as well as boost capacity and reinvestment.
The chip designer said it planned to raise NT$21.46 million by issuing 2.146 million common shares.
The board also approved a plan to distribute NT$14 in cash dividends and 0.2 percent in stock dividends based on last year’s performance. This is subject to shareholder approval at the firm’s annual general meeting on June 10.
Taiwan’s foreign exchange reserves fell below the US$600 billion mark at the end of last month, with the central bank reporting a total of US$596.89 billion — a decline of US$8.6 billion from February — ending a three-month streak of increases. The central bank attributed the drop to a combination of factors such as outflows by foreign institutional investors, currency fluctuations and its own market interventions. “The large-scale outflows disrupted the balance of supply and demand in the foreign exchange market, prompting the central bank to intervene repeatedly by selling US dollars to stabilize the local currency,” Department of Foreign
Intel Corp is joining Elon Musk’s long-shot effort to develop semiconductors for Tesla Inc, Space Exploration Technologies Corp and xAI, marking a surprising twist in the chipmaker’s comeback bid. Intel would help the Terafab project “refactor” the technology in a chip factory, the company said on Tuesday in a post on X, Musk’s social media platform. That is a stage in the development process that typically helps make chips more powerful or reliable. The chipmaker’s shares jumped 4.2 percent to US$52.91 in New York trading on Tuesday. The Terafab project is a grand plan by Musk to eventually manufacture his own chips for
Taiwan Power Co (Taipower, 台電) yesterday said it plans to resume operations at two coal-fired power generators for three months to boost security of electricity supply as liquefied natural gas (LNG) supply risks are running high due to the Middle East conflict. The two coal-fired power generators are at Mailiao Power Plant in Yunlin County’s Mailiao Township (麥寮). The plant, operated by Formosa Plastics Group (台塑集團), supplied electricity to Taipower’s power grid until the end of last year. Taipower’s decision came about one month after Minister of Economic Affairs Kung Ming-hsin (龔明鑫) on March 10 said that the nation had no imminent
Some robotaxi passengers were left stranded in the middle of fast-moving traffic in a major Chinese city after their driverless vehicles stopped running, according to police and media reports on Wednesday. A preliminary investigation indicates more than 100 robotaxis came to a halt because of a “system malfunction,” police in the city of Wuhan said in a statement, without elaborating. No injuries were reported. One passenger told Chinese media that their robotaxi stopped after turning a corner. An instruction on a screen read: “Driving system malfunction. Staff are expected to arrive in 5 minutes.” After no one showed up, the passenger pushed
RSS