TAIEX inches up
The TAIEX closed up 0.37 percent yesterday, but failed to stay above the 8,600 mark because of weak market momentum, dealers said.
The index closed 31.32 points higher, ending at 8,576.40, after moving between 8,550.60 and 8,603.43, on a low turnover of NT$96.784 billion (US$3.27 billion).
IBM launches new lab
IBM Corp announced yesterday that it has launched a new power systems development laboratory in Taipei as the US company expands its research and development in storage and other systems architecture.
“The talented technical workforce in Taiwan, its healthy ecosystem of world-class universities, business partners and suppliers continue to make the nation a hub for valuable, high-end IT expertise,” IBM Taiwan general manager Edward Yu (于弘鼎) said in a statement.
IBM said the new lab would add to the range of IBM expertise in Taiwan, including design capabilities in electrical, mechanical, thermal and firmware, as well as enhance skills in spec identification, customer services, industry domain know-how and cross--region management.
Taishin to invest in China
Taishin Financial Holdings Co’s (台新金控) venture capital unit plans to invest US$10 million to set up a financial leasing company in China, the Taipei-based company said in a stock exchange statement yesterday. The unit also plans to invest HK$113 million (US$14.5 million) to form a venture capital firm in Hong Kong, according to the statement.
Meanwhile, XiaMen Port Holding Co (廈門港務控股集團) plans to buy all the new shares in Fubon P&C Insurance (Xiamen) Co (廈門富邦財產保險) for 100 million yuan (US$15.2 million), -Taipei-based Fubon Financial -Holding Co (富邦金控) said in a separate exchange statement yesterday.
CSBC to pay cash dividend
CSBC Corp, Taiwan (CSBC, 台灣國際造船), the nation’s biggest shipbuilder, plans to pay a cash dividend of NT$1.8 per share on earnings for last year, the shipbuilder said in a statement to the Taiwan Stock Exchange yesterday.
Quanta sells shares in Simplo
Quanta Computer Inc (廣達電腦), the world’s largest contract notebook maker by sales, gained about NT$1.05 billion from selling 7.32 million shares in Simplo Technology Co (新普科技) for NT$1.35 billion on Wednesday, Quanta said in a statement to the Taiwan Stock Exchange yesterday.
Quanta holds a 1.44 percent stake in Simplo after the sale, the statement said. Simplo is the world’s largest maker of notebook battery packs.
CHT ranked No. 1 firm
Telecoms giant, Chunghwa Telecom Co (CHT, 中華電信), rose to the top of a list of dream employers for local college students, followed in second place by leading Internet search engine Google, a report released yesterday found.
After coming second to food producer Uni-President Enterprises Corp (統一企業) last year, Chunghwa Telecom regained its throne as the No. 1 company at which soon-to-be job hunters want to work, according to an annual survey of final-year college and graduate students by Chinese--language Cheers magazine.
Eslite Bookstore, Starbucks Coffee and restaurant chain Wang Group were among the top 10 on the list of 100 employers.
NT dollar moves higher
The New Taiwan dollar rose slightly against the US dollar yesterday, up NT$0.002 to close at NT$29.583.
Turnover totaled US$796 million during the trading session.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
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
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
FUTURE PLANS: Although the electric vehicle market is getting more competitive, Hon Hai would stick to its goal of seizing a 5 percent share globally, Young Liu said Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler and supplier of artificial intelligence (AI) servers powered by Nvidia Corp’s chips, yesterday said it has introduced a rotating chief executive structure as part of the company’s efforts to cultivate future leaders and to enhance corporate governance. The 50-year-old contract electronics maker reported sizable revenue of NT$6.16 trillion (US$189.67 billion) last year. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), has been under the control of one man almost since its inception. A rotating CEO system is a rarity among Taiwanese businesses. Hon Hai has given leaders of the company’s six