No date for energy price hikes
The Ministry of Economic Affairs (MOEA) is mulling plans to increase electricity prices, but has no timetable for doing so, Bureau of Energy Deputy Director-General Wang Yunn-ming (王運銘) said yesterday.
The issue was raised after Taiwan Research Institute (台灣綜合研究院) president Wu Tsai-yi (吳再益), who is also an independent board member of Taiwan Power Co (台電), said on Monday that the ministry was considering raising electricity prices twice this year, which would result in an overall 20 percent hike.
The proposal has been submitted to the Cabinet for approval, Wu was quoted as saying in local media.
The last electricity price increase was in October 2008.
Local server shipments stall
Shipments of servers in Taiwan slumped 12.8 percent year-on-year to 19,608 units in the fourth quarter of last year, as a weak macroeconomy prompted corporation curtailed IT spending and because of short supply of hard-disc drivers, market researcher IDC said in a report yesterday.
Compared with the third quarter, shipments rose 7.4 percent, IDC said.
Total revenues, however, grew 0.2 percent annually to US$91.02 million last quarter as government agencies and telecoms companies purchased more medium and high-end servers, it said.
“Global economic weakness and short supply of hard disc supply will continue to overshadow Taiwan’s server market in the first half of 2012,” IDC analyst Leon Kao (高振偉) said in the report.
Hewlett-Packard, Dell and IBM were the top three suppliers of mainstream x86 severs, while local brands Asustek Computer Inc (華碩) and Acer Inc (宏碁) ranked No. 4 and No. 5 respectively, the report showed.
TPK board approves payouts
TPK Holdings Co Ltd (宸鴻), which supplies touch modules to Apple Inc, yesterday said its board approved the delivery of NT$20 per share in cash dividends and NT$3 per share in stock dividends to its shareholders.
That represented a 50-percent payout ratio based on last year’s net income of NT$11.34 billion (US$384 million), or NT$46.12 a share.
The board also agreed to allocate NT$628 million in employee bonuses and NT$69.63 million in compensation for board members. The decision still needs shareholder approval in its annual meeting on May 16.
Powerchip grace period goes on
Memorychip maker Powerchip Technology Corp (力晶科技) said yesterday its creditor banks had agreed to extend the grace period for debt repayments for another year, a stock exchange filing showed.
The Hsinchu-based company owes five syndicated loans valued at NT$46.6 billion, held by most domestic and foreign banks in Taiwan.
Acer posts sales increase
Acer Inc, one of the world’s leading personal computer vendors, reported on Monday its unconsolidated sales increased 38 percent from a month earlier to NT$37.54 billion last month, and the figures were up 34 percent from the previous year.
In the first two months of this year, the firm’s unconsolidated sales totaled NT$64.74 billion, up 5.41 percent.
NT dollar up on TAIEX rebound
The New Taiwan dollar increased against the US dollar yesterday, adding NT$0.034 to close at NT$29.528, as the local bourse rebounded, lifting demand for the local currency, dealers said.
Turnover totaled US$720 million during the trading session.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion