TAIEX continues advance
The TAIEX yesterday edged higher for the eighth consecutive session, finishing up 19.74 points, or 0.26 percent, at 7,599.91 on turnover of NT$81.39 billion (US$2.8 billion).
A total of 2,246 stocks closed up, 2,205 finished down and 616 remained unchanged.
Most of the market’s eight major stock categories closed up, with textile shares scoring the highest gains, finishing up 0.38 percent.
Fewer workers on forced leave
The number of workers on unpaid leave dropped by 20, or 0.5 percent, from two weeks earlier, the Council of Labor Affairs reported yesterday.
As of the end of last month, 4,323 workers from 49 companies had reached agreements with their employees to take unpaid leave, council statistics showed.
The number represented a decrease from Nov. 16, when 4,343 workers from 49 companies were reported on furlough, the highest level in the past six months.
HTC still fifth in US: survey
HTC Corp (宏達電) remains the fifth-largest mobile phone vendor in the US, but has lost market share to Samsung Electronics Co and Apple Inc, according to data compiled recently by the research firm comScore.
In a survey of more than 30,000 US mobile subscribers from August to October, the research firm found that Samsung was the top handset vendor overall, with a market share of 26.3 percent, up from 25.6 percent in the May-July period.
For the first time on record, Apple ranked second, with a market share of 17.8 percent, up 1.5 percentage points from the previous three months.
It was followed by LG Electronics Inc with 17.6 percent, Motorola Mobility Holdings Inc with 11 percent and HTC with 6 percent.
Android device makers Motorola, LG and HTC all lost market share, dropping by 0.8, 0.2 and 0.4 percentage points respectively, the survey showed.
IC output up 4.9% in Q3
Third-quarter IC production rose 4.9 percent from the previous quarter to NT$439.7 billion (US$15.14 billion), the Industry and Technology Intelligence Services (ITIS) said in a recent report.
The growth of the local IC industry, including design, manufacturing, packaging and testing, was driven mainly by growing demand for smartphones, tablets and digital TVs, the research institute under the Ministry of Economic Affairs said.
For the full year, production output is expected to increase 4.3 percent to NT$1.62 trillion, the institute said.
Intel tech chief visiting
Intel Corp’s chief technology officer is scheduled to visit the nation today to share his vision on the US chipmaker’s machine-to-machine communication technology in cooperation with a leading local university.
Justin Rattner, who also serves as director of the company’s primary research arm Intel Labs, will talk about Intel’s collaborative research with National Taiwan University, according to an invitation e-mailed to the media.
The Intel-NTU Connected Context Computing Center, aimed at providing end-to-end solutions for various kinds of devices, is the US company’s first research center on machine-to-machine communication technology to promote knowledge innovation.
NT weakens against greenback
The New Taiwan dollar yesterday slid NT$0.005 to close at NT$29.121 against the US dollar. Turnover was US$709 million.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
ROW: A probe would determine if the rights of shareholders who were not allowed to vote yesterday had been violated, while the stock exchange also wants answers The election of board directors yesterday at Tatung Co (大同) sparked controversy after the company blocked some institutional and individual shareholders from participating in the general shareholders’ meeting, prompting the Financial Supervisory Commission (FSC) to announce that the vote would be investigated. Lin Kuo Wen-yen (林郭文艷) was re-elected as chairwoman of the household-appliance maker’s nine-member board, but prior to the vote she announced that several shareholders would not have voting rights. They were being denied a vote because they had contravened the Business Mergers and Acquisitions Act (企業併購法), and the Act Governing Relations Between the People of the Taiwan Area and