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.
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
Taipei Times: When do you think the hospitality industry can return to how it was before the COVID-19 pandemic? How does Formosa International Hotels Group (FIH, 晶華酒店集團) fare this quarter and beyond? FIH chairman Steve Pan (潘思亮): The virus outbreak will have a serious impact on business travel, driven mainly by meetings, incentive travel, conferences and exhibitions over the past three decades. For the past six months, many businesspeople have grown used to exchanging information on the Internet, where more people can participate. The trend might sustain for three to five years until people are vaccinated and it is safe to
DIGITAL COMMERCE: In 2016, only 2 percent of orders were delivered in Taiwan, but that has risen to 10 percent, Foodpanda Taiwan Co operations director Nick Yu said Online food delivery platforms have seen explosive growth in Taiwan this year, helped by business opportunities related to the COVID-19 pandemic, company executives said at a digital commerce conference in Taipei yesterday. When the threat of COVID-19 kept people from going out to eat, more people experimented with ordering food deliveries online, Foodpanda Taiwan Co Ltd (富胖達) operations director Nick Yu (余岳勳) said. Foodpanda started operations in Taiwan in 2012. “We experienced 5,000 percent growth in the past 24 months,” Yu said. “That’s more than the previous six years combined.” In 2016, only 2 percent of food orders were delivered in Taiwan, but that