AzureWave Technologies Inc (海華科技), a wireless networking solutions firm partly owned by Asustek Computer Inc (華碩), announced a tentative plan to list on the main bourse on May 3, with a listing price to fall in the range of between NT$28 and NT$42.
AzureWave competes in the wireless modules production sector against Huawei Technologies Co (華為) and ZTE Corp (中興通訊) — Chinese heavyweights that have a lead in the 3G wireless market.
AzureWave said on Thursday at a pre-listing conference that it has embarked on research and development projects to support terminals for 3G, 4G and LTE, which the company believed would give it a competitive edge in the future.
Wireless modules are widely adopted by an array of products from smartphones, tablet PCs, set-top boxes and smart TVs to game consoles and e-readers.
AzureWave said wireless module makers must be able to produce units capable of supporting multiple operating platforms and various devices amid the future convergence of smart electronics.
Established in 2005, AzureWave is 12.6 percent owned by Asustek and 43.56 percent owned by Pegatron — a contract manufacturing arm under Asustek.
It reported NT$6.43 billion (US$221 million) in revenues last year, up 39 percent year-on-year. Earnings slid 2.2 percent to NT$269 million, or NT$2.71 per share, while gross margins were 18.19 percent, according to the firm.
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
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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