Share prices slip
Share prices closed lower yesterday, with the TAIEX falling 14.45 points, or 0.17 percent, to close at 8,309.37.
The bourse opened at 8,343.73 and traded between 8,356.97 and 8,262.58 during the session.
A total of 5.25 billion shares changed hands on market turnover of NT$147.14 billion (US$4.63 billion).
Losers outnumbered gainers 1,698 to 1,379, with 282 remaining unchanged.
Acer wins Gold Tech Award
Acer Inc’s (宏碁) desktop Aspire RevoR3600 yesterday bagged the top award at the 2009 Gold Tech Awards — an annual ceremony organized by Cite Media Holding Group (城邦媒體) magazines including PC Home.
Apple Inc’s iPhone 3GS, retailed by Chunghwa Telecom Co (中華電信), as well as a mouse from Leader Media Development Inc (利德開發), won the best design and best innovation categories.
The awards are aimed at providing consumers with a list of the most popular and most innovative tech gadgets of the year, the organizer said. The magazines’ editors and a panel judges from the tech industry chose the winners.
In the “popularity” category, which allowed Internet users to vote, Gigabyte Technology Co (技嘉科技) won with its hybrid Booktop M1022x model.
Chinatrust reports profit drop
Chinatrust Financial Holding Co (中信金控), Taiwan’s fourth-largest listed financial services company by market value, said profit last year fell 77.3 percent after it increased provisions.
Net income fell to NT$3.34 billion, or NT$0.25 per share, the Taipei-based company said in an exchange filing, revising an earlier report yesterday of net income of NT$3.93 billion. The company posted net income of NT$14.7 billion, or NT$1.51 a share, in 2008.
Chinatrust said the drop in profit last year was a result of the global financial crisis, lower interest rates and increased provisions.
Chunghwa buys bonds
Chunghwa Telecom Co (中華電信) bought a total of NT$1.48 billion in corporate bonds, the Taipei-based company said in three exchange filings yesterday.
Chunghwa bought NT$617 million in Formosa Petrochemical Corp (台塑石化) bonds, NT$406 million in Yuanta Securities Finance Co (元大證金) bonds and NT$459 million in Taiwan Power Co (台電) bonds, it said.
Fubon Bank raising funds
Fubon Financial Holding Co (富邦金控) said on Monday its banking unit would issue NT$2.25 billion in seven-year and NT$2.4 billion in 10-year subordinated debentures for long-term funding.
Taipei Fubon Commercial Bank (台北富邦銀行) will also use the proceeds to improve its capital adequacy ratio, Fubon Financial said in a statement.
The coupon for the seven-year subordinated debentures is 2.2 percent and 2.5 percent for the 10-year debentures, it said.
US trade deficit up 9.7 percent
The US trade deficit rose to the highest level in 10 months as an improving economy helped demand for imports. However, exports rose as well, boosted by a weaker dollar, supporting the view that US manufacturers will be helped by a rebounding global economy.
The Commerce Department reported yesterday that the trade deficit jumped 9.7 percent to US$36.4 billion in November, a bigger imbalance than the US$34.5 billion deficit economists had forecast.
Exports rose 0.9 percent, the seventh consecutive gain, as demand was up for US-made autos, farm products and industrial machinery. Imports rose at a much faster 2.6 percent, led by a 7.3 percent rise in petroleum imports.
PRESSURE FROM THE US: Huawei said a decision by the US was ‘arbitrary and pernicious, and threatens to undermine the entire [technology] industry worldwide’ Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has stopped new orders from Huawei Technologies Co (華為) in response to Washington’s move aimed at further limiting chip supplies to the Chinese company, the Nikkei reported yesterday, citing multiple sources. The orders that TSMC took before the new ban and those that were already in production are not affected, and could continue to proceed if those chips could be shipped before the middle of September, the report said. TSMC, the world’s biggest contract chipmaker and a key Huawei supplier, on Thursday last week announced plans to build a US-based plant and on Friday added that
MediaTek Inc (聯發科), which designs chips used in mobile phones, yesterday launched its new 5G Dimensity 820 system-on-chip (SoC), targeting mid-range to high-end smartphones. The company expects the penetration of 5G technology to gain pace quickly this year and not be affected too much by the COVID-19 pandemic. MediaTek said it aims to expand its 5G chip portfolio this year to cover phones of varying prices after it shipped its first 5G SoC, the Dimensity 1000, last quarter. The Dimensity 820, made by Taiwan Semiconductor Manufacturing Co (台積電) on 7-nanometer technology, is designed for mid-range to high-end 5G phones. MediaTek expects to infiltrate the
TV and online retailer Momo.com Inc (富邦媒體) yesterday said it has set up a new logistics subsidiary, Fu Sheng Logistics Co (富昇物流), to oversee the company’s extensive shipping operations. Leveraging Momo’s 23 satellite warehouses and distribution centers nationwide, Fu Sheng will be in charge of executing the retailer’s same-day shipment plan for deliveries in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, Momo said in a press release. Seeking to further shorten its supply chain, the company is to set up another seven satellite warehouses and distribution centers by the end of the year. “Fu Sheng has a fleet of 200 couriers
US-CHINA TENSIONS: The company said that it supplies self-designed chips to the Chinese company and, as such, is not affected by the latest US export restrictions Macronix International Co (旺宏電子) said it does not expect its shipments of memory chips to Huawei Technologies Co (華為) to be affected by the latest US export restrictions on the Chinese tech giant. “As long as the company [Huawei] places orders, we will ship [chips], unless the [Taiwanese] government restricts all Taiwanese companies from shipping” to Huawei, Macronix chairman and chief executive officer Miin Wu (吳敏求) said on Monday in Hsinchu. The US Department of Commerce on Friday took a further step to block chip supplies from non-US companies to Huawei by requiring foreign semiconductor makers to get US government permission before