TAIEX slides 0.5 percent
The TAIEX dipped 0.5 percent yesterday, following the fall on Wall Street a day earlier amid concern over the ongoing nuclear crisis in Japan and poor US economic data, dealers said.
The weighted index closed 41.89 points lower at 8,282.69 on turnover of NT$133.26 billion (US$4.5 billion) after rebounding from the day’s low of 8,150.73.
A total of 1,671 stocks closed up, 2,625 were down and 433 remained unchanged.
EVA adjusts Japan flights
EVA Airways Corp (EVA, 長榮航空), the nation’s second-biggest airline, said yesterday it could “flexibly” add flights from Japan to Taiwan if there was more demand from people returning to Taiwan.
EVA announced the cancelation of 55 flights to Japan, including all 38 flights to Sendai City, the capital of Miyagi Prefecture, until June 30.
It also canceled 12 flights to Tokyo and five to Sapporo for the rest of this month.
However, the carrier would increase flights as needed for travelers returning to Taiwan, a company press release said.
“We will take all passengers in need back to Taiwan,” an EVA public relations officer said, adding that “the company’s remaining flights from Tokyo to Taipei have not been fully booked.”
EVA plans to fly a vacant plane to Tokyo’s Haneda Airport today to offer an additional flight back to Taipei International Airport this afternoon, the release said.
TSMC confident of prospects
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) dismissed a report in the Chinese-language Economic Daily News yesterday that said its second-quarter results might be affected by the earthquake and tsunami in Japan last Friday.
“While we do not exclude the possibility that this earthquake and its follow-on effects may impact the global electronics supply chain, TSMC believes that the impact will be brief, as we believe global demand for electronics end products remains strong,” the Hsinchu-based company said in a statement to the stock exchange.
“Should demand be temporarily depressed because of unstable supply, the market would quickly pick up to meet this pent-up demand once the supply chain returns to normal,” it said.
Formosa Petro declares payout
Formosa Petrochemical Corp (台塑石化) plans to distribute a cash dividend of NT$3.90 per share based on last year’s earnings, the company said in a statement to the stock exchange yesterday.
Last year, the company posted a net income of NT$40.9 billion, or NT$4.30 per share, according to a separate statement. The numbers were revised from unaudited figures of NT$41.2 billion, or NT$4.33 per share, announced on Jan. 7.
NT relatively stable: Perng
The New Taiwan dollar has remained relatively stable in comparison with other Asian currencies since Japan was rattled by a magnitude 9.0 earthquake and tsunami last Friday, the central bank said yesterday.
The local currency fell by NT$0.018 against the US dollar to close at NT$29.574 yesterday.
Central bank Governor Perng Fai-nan (彭淮南) told lawmakers that the NT dollar had suffered a smaller depreciation compared with other Asian currencies over the past few days.
Comparing the closing prices of major Asian currencies from March 10 to yesterday, the South Korean won depreciated 0.8 percent, the Singapore dollar dropped 0.52 percent and the Thai baht fell 0.25 percent, while the NT dollar edged down a mere 0.17 percent, Perng said.
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
Swancor Renewable Energy Co (上緯新能源) yesterday announced plans for a 4.4 gigawatt (GW) offshore wind project off Miaoli County as part of its commitment toward Taiwan’s energy transformation, the company said in a statement. The “Formosa 4” project includes three deep-water wind farms 18km to 20km off the coast, Swancor Renewable CEO Lucas Lin (林雍堯) said, adding that planning for the project began last year. A proposal for Formosa 4 was this week submitted to the Environmental Protection Agency (EPA), the company said. Swancor Renewable jointly developed the Formosa 1 project, a 128 megawatt (MW) wind farm about 4km off Miaoli and the
INVEST IN TAIWAN: A metal components casting firm and the world’s largest maker of aluminum bicycle rims also obtained approvals to join the program Solar Applied Materials Technology Co (SOLAR, 光洋應用材料), a part of Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) “green supply chain,” has pledged to invest NT$1 billion (US$34.1 million) to build a new plant at the Tainan Technology Industrial Park (台南科技工業區), the Ministry of Economic Affairs said yesterday. SOLAR has been collaborating with TSMC to extract precious metals from waste and reuse them as “sputtering target” material in high-end semiconductor manufacturing, a TSMC press release issued in May said. Established in 1978, SOLAR also offers key materials and integrated services to customers in the optoelectronics, information and communications technology, petrochemicals and consumer electronics industries,