Panel sales hit monthly high
Global flat-panel sales for last month hit the highest monthly figure of the year on the back of strong demand partly boosted by China’s week-long national holiday that ended earlier this month, a market researcher said yesterday.
Revenues of panels worldwide reached US$8.5 billion last month, up 5 percent from a month earlier and 13 percent annually, DisplaySearch said.
Global shipments of LCD TV panels rose 4 percent last month from a month earlier to 21.5 million units, while shipments of panels for computer monitors edged up 1 percent to 15.6 million units, the researcher said.
Meanwhile, worldwide shipments of panels for cellphones rose 8 percent from a month earlier to 31.9 million units last month, which represented an annual increase of 22 percent, it said.
Boeing to establish HK center
The Hong Kong Polytechnic University confirmed a media report yesterday that it will collaborate with Boeing Co in setting up an aircraft maintenance and service center in Hong Kong.
According to the university, the school is scheduled to sign a memorandum of understanding with the US-based aerospace and defense corporation on the cooperative project Nov. 10, as was reported in Hong Kong’s Singtao Daily.
The newspaper said Boeing has decided to open an aircraft maintenance and service center in Hong Kong in cooperation with the university mainly because Hong Kong is a major global aviation hub with more air carriers operating flights to and from Hong Kong.
US losses push TAIEX down
The TAIEX edged lower yesterday, dragged down by losses on four major indices on Wall Street on Friday.
The weighted index closed down 35.72 points, or 0.48 percent, to end at 7,373.04 on turnover of NT$49.08 billion (US$1.68 billion).
Six consecutive sessions with turnover of under NT$70 billion prior to trading yesterday left investors feeling lukewarm about the local bourse’s prospects and led many to stay on the sidelines, dealers said.
A total of 1,339 stocks closed up, 2,750 were down, and 392 remained unchanged.
Most of the market’s eight major stock categories closed down, with food shares suffering the heaviest losses at 1.0 percent.
The local bourse may remain in a correctional mode in the near term, dealers said, adding that the TAIEX would not likely plunge in the short term before the uncertainties hanging over the market became clearer.
Trade office to hold forum
The Taipei-based Central America Trade Office is to hold a forum and raffle in Taipei today in a bid to give people an insight into ancient Mayan civilization and attract more visitors to Central America.
Experts from Belize, Guatemala, El Salvador and Honduras are scheduled to talk about Mayan astronomy, its calendar and ruins, as well as the popular but long-since debunked myth of a Mayan prophecy that Dec. 21 this year will be the end of the world, the office said yesterday.
Two Taiwanese will also share their experiences traveling in Central America at the one-day free forum at National Chiang Kai-shek Memorial Hall. The forum is also to feature a prize draw of tickets to Central America, according to the office.
NT dollar loses ground
The New Taiwan dollar lost ground against the US dollar yesterday, declining NT$0.034 to close at NT$29.320.
Turnover totaled about US$508 million during the trading session.
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
US CONSCULTANT: The US Department of Commerce’s Ursula Burns is a rarely seen US government consultant to be put forward to sit on the board, nominated as an independent director Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday nominated 10 candidates for its new board of directors, including Ursula Burns from the US Department of Commerce. It is rare that TSMC has nominated a US government consultant to sit on its board. Burns was nominated as one of seven independent directors. She is vice chair of the department’s Advisory Council on Supply Chain Competitiveness. Burns is to stand for election at TSMC’s annual shareholders’ meeting on June 4 along with the rest of the candidates. TSMC chairman Mark Liu (劉德音) was not on the list after in December last