TAIEX dips slightly
Share prices closed lower yesterday, with the TAIEX falling 26.14 points, or 0.34 percent, to close at 7,559.16.
The bourse opened at 7,527.62 and fluctuated between 7,467.2 and 7,588.09. Market turnover totaled NT$97.51 billion (US$3.05 billion). Losers outnumbered gainers 1,505 to 1,431, with 299 remaining unchanged.
Foreign investors and Chinese qualified domestic institutional investors were net sellers of NT$9.31 billion in shares.
Green Energy raises capacity
Green Energy Technology Inc (綠能科技), a Taipei-based maker of solar electricity wafers, will expand its annual capacity to grow ingots for solar power cells to one gigawatt by the end of the year from 410 megawatts at the end of the first quarter, the company said in an e-mailed statement.
The company said capacity is expected to increase to 600 megawatts by the end of next month. Green Energy Technology is expanding capacity to keep pace with its “tier-one” customers, according to the statement.
Anti-corruption guide expected
The Financial Supervisory Commission (FSC) is expected to release a manual by the end of next month to help listed companies prevent corrupt practices inside their organizations.
The guide aims to urge companies listed on either the main bourse or the over-the-counter market to do business in an honest way, which will help improve local capital markets and protect investors, the FSC said.
Modeled after the Corruption Prevention Guide for Listed Companies released by Hong Kong’s Independent Commission against Corruption, the FSC guide will draw clear “red lines” on how they should abide by the law, avoid conflicts of interest, run their boards and control their operation.
Taipei to host computing event
The 2010 Asian-Oceanian Computing Industry Organization Summit will take place from Dec. 1 to Dec. 4 in Taipei, the Industrial Development Bureau announced yesterday.
More than 300 industry representatives and government officials from Asia and Oceania are expected to take part in the summit, sponsored by the Information Service Industry Association of the ROC, the bureau said.
The major purpose of the summit is to strengthen the local computing industry’s international competitiveness and help it explore overseas markets.
Yulon to begin Luxgen exports
Yulon Motor Co (裕隆汽車) will soon begin to mass produce and export its Luxgen brand of passenger cars to China and other foreign countries.
Yulon CEO Kenneth Yen (嚴凱泰) said his company hopes to export the Luxgen cars in the first quarter of next year. Aside from China, Yulon also plans to export Luxgen automobiles to Vietnam, Oman, the Dominican Republic and Bahrain, he added.
The car company unveiled its first Luxgen MPV last August, but the model that has received the most advanced orders to date is its Luxgen 7 SUV model.
NT dollar loses ground
The New Taiwan dollar lost ground against the US dollar on the Taipei Foreign Exchange yesterday, declining NT$0.12 to close at NT$32.098.
A total of US$993 million changed hands during the trading session.
The central bank issued a table to news organizations showing that the NT dollar’s 0.37 percent decline was in line with losses with other currencies including the Singapore dollar and the British pound.
The central bank didn’t make any other comment.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day