HTC plans new tablet
Taiwanese handset maker HTC Corp (宏達電) is expected to launch a new tablet computer running Microsoft’s Windows software this year, according to market research and consulting firm NPD DisplaySearch.
The new HTC tablet might utilize a 10.1-inch display manufactured by South Korea-based LG Display Co with full-HD resolution of 1920 x 1080, or 218 pixels per inch, DisplaySearch said in a report released on Thursday at its annual conference in Taipei.
The new tablet might be assembled by Taiwanese contract laptop maker Pegatron Corp (和碩). Some observers even believe mass production began in the first quarter of this year, DisplaySearch said.
Both HTC and Microsoft have declined to comment.
Transglobe completes takeover
Transglobe Life Insurance Inc (全球人壽) completed its takeover of financially troubled Kuo Hua Life Insurance Co (國華人壽) on Saturday, a move that is expected to make TransGlobe Life the nation’s seventh-biggest life insurer by assets.
After the takeover, Transglobe Life will have 2 million policyholders (including 1.4 million from Kuo Hua Life) and a staff of about 3,500 people. Its net worth is expected to exceed NT$10 billion (US$335.57 million) and its risk-based capital ratio will exceed 250 percent, meeting the Financial Supervisory Commission’s requirements.
In the first two months of this year, the two companies combined had total premium revenues exceeding NT$11.3 billion and total assets of more than NT$620 billion.
Property market growing
Taiwan’s property market experienced active trading last month — enjoying a growth rate of 15 percent year on year amid a recovery in the global economy, Sinyi Realty Inc (信義房屋) said on Saturday.
Tseng Chin-der (曾敬德), from Sinyi Realty’s planning and research office, said the trading of housing units has been boosted by a rise in international stock trading since the end of the global financial crisis.
Tseng said sales of housing units have been increasing since the Lunar New Year holiday in February. A pickup in sales was observed in New Taipei City (新北市), Taoyuan County, Greater Taichung and Greater Kaohsiung, he added.
Petrochemicals set for boost
About NT$100 billion will be invested in the nation’s petrochemical industry this year, including NT$15 billion in high-value petrochemical sectors, the Council for Economic Planning and Development said on Saturday.
Total investment should be similar to last year, when a total of NT$99 billion was invested in 65 projects, according to government statistics.
However, investment in high-value production is expected to rise about 13 percent, from NT$13.3 billion last year, supported by a program approved by the Cabinet last year to promote high value-added petrochemical development, the council said.
PV industry to be promoted
The Bureau of Energy on Saturday said it would promote the nation’s photovoltaic (PV) industry by upgrading quality and tapping into overseas markets.
The bureau said it would organize business delegations to the US and Europe in July and October respectively to promote the country’s PV industry.
According to a forecast by the European Photovoltaic Industry Association, the world’s PV market is continuing to grow, with installed capacity expected to reach 4 billion GWp next year. It also noted that the industry’s global supply chain is moving toward Asia.
Taiwanese receive BBJ tour
Boeing gave a guided tour of its Boeing Business Jet (BBJ) to Taiwanese billionaires on Thursday, in the hope of tapping into what it sees as a developing luxury market.
The luxury jet, which has a non-stop flight range of 13 hours, is equipped with conference rooms, a master bedroom, an office, kitchen and a cafeteria. It is priced at around US$90 million, with an additional 5 percent to 8 percent per annum in maintenance fees.
The company has sold 157 BBJs worldwide, including one to Evergreen Group (長榮集團) founder and chairman Chang Yung-fa (張榮發).
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
’WHITE BOX’: The open platform would give local firms access to Cisco’s cloud-based mobile network to develop 5G telecom equipment and tap into the global market The Ministry of Economic Affairs (MOEA) yesterday introduced a new 5G “open lab” in collaboration with US-based information technology and networking giant Cisco Systems Inc to address the rapidly growing “white box” 5G networking equipment market. The open lab will be a platform where Taiwanese manufacturers can access Cisco’s cloud-based mobile network to develop their own 5G telecom equipment, such as small-cell base stations, network switches, modems and Internet of things (IoT) devices, a ministry statement said. The open platform would allow Taiwanese manufacturers to tap into the lucrative 5G telecom equipment market, which was previously monopolized by Nokia Oyj, Ericsson AB
Nintendo Co is raising its target for Switch production to about 25 million units this fiscal year, people familiar with the matter said, as the ongoing COVID-19 pandemic keeps lifting demand and component shortages ease. The Kyoto, Japan-based company, which in April hiked orders to 22 million units by March next year, is asking partners to tack on another few million units, said the people, who did not want to be identified discussing internal goals. Assembly partners plan to work at maximum capacity through December. The new production target suggests that Nintendo is likely to outperform its Switch sales forecast of 19 million
‘BIG LOSS’: This year might see the last generation of Huawei’s Kirin chips, as their production would stop next month because they are made using US technology Chinese tech giant Huawei Technologies Co (華為) is running out of processor chips to make smartphones due to US sanctions and would be forced to stop production of its own most advanced chips, a company executive has said, in a sign of growing damage to Huawei’s business from US pressure. Huawei, one of the biggest producers of smartphones and network equipment, is at the center of US-Chinese tension over technology and security. Washington last year cut off Huawei’s access to US components and technology, and those penalties were tightened in May, when the White House barred vendors worldwide from using US