Hon Hai seeks clarity on Sharp
Hon Hai Precision Industry Co (鴻海精密), the principal shareholder of Sharp Corp, yesterday said it was looking into the Japanese electronics firm’s announcement of a plan to cut 5,000 jobs.
“Company chairman Terry Gou (郭台銘) and other business executives will seek understanding of the actual situation with Sharp’s management and discuss response measures,” Hon Hai spokesman Simon Hsing (邢治平) said.
“We will not comment on any of Sharp’s restructuring plans until we come up with substantial results through negotiations,” he said.
Hon Hai, the main manufacturer of Apple Inc products, announced in late March its acquisition of a roughly 10 percent stake in Sharp for US$800 million, making it the Japanese company’s largest shareholder.
HK yuan deposits not covered
The Financial Supervisory Commission said in a statement yesterday that yuan deposits in Hong Kong banks fall outside the protection of Taiwan’s deposit insurance.
The statement is a warning to Taiwanese depositors of risks linked to yuan-savings services provided by some Hong Kong lenders, the commission said.
Yuan-deposit services will soon be available at domestic banks once Taiwan and China work out a currency settlement mechanism, the commission said.
Manufacturers get Windows 8
Microsoft Taiwan Corp yesterday announced that it had released its Windows 8 operating system to manufacturing, the final stage before it goes to market in fall.
The release to manufacturing stage means that testing and development of the system have been completed and the company has started to hand out the final code to its OEM partners.
Developers can download the final code through Microsoft Developer Network subscriptions and obtain the final version of Visual Studio 2012 on Windows Dev Center on Aug. 15.
Information technology professionals can also access the final version of Windows 8 through TechNet subscriptions.
On Aug. 16, users that have Microsoft Software Assurance can download Windows 8 Enterprise edition through the Volume License Service Center, and the system will also be available to members of Microsoft Partner Network.
Microsoft Action Pack Providers will have access to Windows 8 on Aug. 20.
The product will be launched on Sept. 4, but regular consumers will have to wait until Oct. 26 to purchase the new operating system.
Microalgae use under study
A team from National Cheng Kung University is conducting research on the potential commercial applications of microalgae, including the production of biodiesel and skin care products.
The team, led by chemical engineering professor Chang Chia-hsiu (張嘉修), has established a platform to determine the species and analyze the content of microalgae. It has also developed an outdoors microalgae cultivation system.
Chang said the nation’s rich microalgae resources give it a great advantage in developing a microalgae industry.
He said the industry could be very helpful in reducing carbon levels because algae captures carbon dioxide during photosynthesis. Every gram of microalgae grown by the team, for example, can consume 2g of carbon dioxide, he added.
HSBC, Uni-President ink loan
HSBC Taiwan has signed an agreement with Uni-President China Holding Co (統一中控) to provide the beverage and instant noodle vendor with 1 billion yuan (US$157 million) in a syndicated loan with a three-year tenor and may be extended to five years, the lender said in a statement on Wednesday.
HSBC Taiwan will co-arrange the syndicated loan with Singapore’s United Overseas Bank (大華銀行) to help Uni-President expand in China, the statement said, adding it is the first yuan syndicated loan in the offshore banking market this year.
Taiwanese wins in Powerpoint
Frequent use of computer software for school assignments helped a Taiwanese university student win a category at this year’s Worldwide Competition on Microsoft Office in Las Vegas on Wednesday.
Yeh Chih-chang (葉致璋), who will begin her fourth year at Tamkang University, won the first place in the Microsoft Powerpoint 2007 category at the annual event. It was the fifth first prize won by Taiwan’s team over the past four years.
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
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last