Sat, Oct 05, 2013 - Page 14 News List

Taiwan Business Quick Take

Staff writers

FINANCES

Foreign reserves increase

The nation’s foreign exchange reserves had risen to US$412.61 billion at the end of last month, an increase of US$3.22 billion since August, the central bank said in a statement yesterday. The central bank said the increase was because of the growing value of the euro and other major currencies versus the US dollar. As of the end of last month, foreign investors held US$235.4 billion in equities, bonds and local currency-based deposits, accounting for 57 percent of total foreign exchange reserves, the statement said. Taiwan is the world’s fourth-largest holder of foreign exchange reserves, the central bank said.

TECHNOLOGY

Chipmakers file lawsuit

Macronix International Co Ltd (旺宏電子), which supplies memory chips to Japanese video game console maker Nintendo Co, said on Thursday that it has filed a patent infringement lawsuit in the US against US memory chipmaker Spansion Inc and its subsidiary Spansion LLC. Micronix said Spansion and its subsidiary have illegally breached seven patents for flash memory chip manufacture and design, which are held by Macronix. Macronix’s move came after Spansion LLC filed legal action against 14 companies, including Macronix, in the US on Aug. 1 for six patent violations. The International Trade Commission in the US accepted the case on Sept. 4. The Hsinchu-based chipmaker has been granted more than 5,000 patents worldwide.

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