Panasonic opens Taoyuan plant
Panasonic Taiwan yesterday celebrated the completion of its new factory in Taoyuan County for production of ALIVH multi-layer resin boards to be used for high-functionality terminals, such as smartphones.
“The global mobile phone market is undergoing a rapid shift from standard phones to smartphones, where major growth is anticipated,” Panasonic Taiwan said in a statement. “In order to meet the growing demand for circuit boards for these high-functionality terminals, Panasonic is striving to increase its overseas production capacity for its original ALIVH multi-layer resin boards.”
In August last year, Panasonic Taiwan expanded its production capacity at its plant in New Taipei City (新北市) to meet rising demand. The new plant in Taoyuan County is ready to enter mass production, the company said.
Foreign investment target up
The Ministry of Economic Affairs announced on Tuesday that it adjusted upward its goal for attracting foreign investment this year from US$9.2 billion to US$10 billion.
The ministry has also set the goal for domestic private investment at NT$1.1 trillion (US$37.2 billion) this year.
As of the end of last month, 113 investment projects had been approved, worth a total of NT$64.9 billion, accounting for 5.9 percent of the annual target and representing an increase of 18.54 percent year-on-year.
FIHC to manage European hotel
Formosa International Hotels Corp (FIHC, 晶華國際酒店集團) — Taiwan’s largest listed hotel operator, which runs the Regent Taipei (晶華), Silks (晶英) and Just Sleep (捷絲旅) — has signed an agreement with Adriatic Marinas, a European developer, to manage a new luxury waterfront hotel.
The Regent Porto Montenegro is scheduled to open in May 2014 and the 80-room hotel will offer 35 guest rooms and 45 suites with interiors designed by renowned designer Pisano Atelier, according to a statement on Tuesday.
TSMC mulls NT$18bn bonuses
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, said on Tuesday its board of directors had proposed to distribute NT$17.98 billion in profit sharing and bonuses to employees, including NT$8.99 billion in cash bonuses.
TSMC’s directors proposed a plan to issue a NT$3 cash dividend. The dividend yield was 3.88 percent, based on the stock’s closing price on Tuesday. They also approved a plan to appropriate NT$42.21 billion for capacity expansion and an additional NT$7.25 billion for research and development, according to a company statement.
TSMC reported NT$134.20 billion in net profit, or NT$5.18 per share, for last year.
Chimei up after conflict solved
Chimei Innolux Corp (奇美電子), the nation’s biggest LCD panel maker, saw its share price gain 4.6 percent yesterday, the largest increase since Feb. 3, after the company said on Tuesday a wage dispute in Ningbo, China, had been resolved.
As many as 50 new workers at Chimei’s Ningbo plant did not understand the company’s overtime payment schedule and asked for clarification, according to Howile Peng (彭峻豪), a media liaison official.
NT rises on rebounding euro
The New Taiwan dollar rose against the US currency yesterday, adding NT$0.06 to close at NT$29.535, as traders took hints from a rebound in the euro to dump the greenback in the local foreign exchange market, dealers said.
Turnover totaled US$778 million during the trading session.