LCD panelmaker revenue fell
Revenue from the world’s major LCD panelmakers declined 19 percent to US$6.9 billion last month, from US$8.6 billion in the same period of last year, market researcher NPD DisplaySearch’s latest report showed yesterday. That represented a less than 1 percent decline from September’s US$7 billion, the research house said. South Korea’s LG Display Co posted US$2.16 billion in revenue for last month, making it the top LCD panel maker in the world, according to NPD DisplaySearch. Samsung came next with US$1.29 billion in revenue. AU Optronics Corp (友達光電) grabbed No. 3 position by making US$1.15 billion in revenue. Meanwhile, Innolux Corp (群創光電) ranked No.5 with revenue of US$938 million.
LED chipmaker seeks buyer
LED chipmaker Chi Mei Lighting Technology Corp’s (奇力光電) said it was seeking to sell two plants to repay bank loans after it suspended its operation in August, according to a filing to the Taiwan Stock Exchange on Monday. Chi Mei Lighting owes NT$5.64 billion in loans to local lenders. The company is now under a court’s receivership after all its managers and board members quit their jobs. Chi Mei Lighting’s biggest shareholder, Innolux Corp (群創光電), said it respected the company’s decision. Innolux, the nation’s biggest LCD panel maker, holds about 34 percent stake in the LED chipmaker.
Manufacturers are on a mission to produce desperately needed medical ventilators for the COVID-19 pandemic, even if it means converting assembly lines now making auto parts. Along with a shortage of masks and gloves, the spread of COVID-19 to almost every corner of the globe has highlighted a great need for specialized machines that help keep severely afflicted patients alive. “As the global pandemic evolves, there is unprecedented demand for medical equipment, including ventilators,” GE Healthcare chief executive officer Kieran Murphy said. The group has hired more workers and is making ventilators around the clock. Swedish group Getinge AB is also ramping up output
Facing the rapidly evolving global COVID-19 pandemic, Citibank Taiwan Ltd (台灣花旗) has proactively taken precautionary measures. “The health and safety of our colleagues and their families, as well as our clients and the communities we serve, are of the utmost importance. We continue to take proactive measures to preserve their well-being while we maintain our ability to serve our clients,” Citibank Taiwan chairman Paulus Mok (莫兆鴻) said in a statement yesterday. “We have local and regional contingency plans in place, and we have well-established business continuity plans for the firm. We are monitoring the situation closely, adjusting our operations accordingly,
UPGRADE AND TRANSFORM: Although the cross-strait trade deal might remain, the Ministry of Economic Affairs said businesses should prepare for any disruptions Taiwan might face a decline in foreign trade with China if the cross-strait Economic Cooperation Framework Agreement (ECFA) ends this year, Minister of Economic Affairs Shen Jong-chin (沈榮津) said yesterday. The agreement, which was signed and put into effect in 2010 to reduce trade barriers across the Taiwan Strait, is expected to end this year, despite not having an exact termination date. “We have not received notification [from China] that it wishes to terminate ECFA,” Shen told reporters prior to attending a meeting at the Legislative Yuan. “Even if we are notified, the agreement would only cease after six months.” While acknowledging the
GoShare, an electric scooter sharing service provider with Gogoro Inc (睿能創意), plans to expand to Tainan next quarter in a strategic alliance with Aeon Motor Co (宏佳騰). The company currently offers its services in Taipei and Taoyuan. “Tainan is very popular among tourists. The city receives an average of 22.94 million tourists every year,” GoShare head Henry Chiang (姜家煒) told a news conference yesterday in Taipei, citing Tourism Bureau statistics. “Besides, the city has a long history of riding scooters,” he said. Each household owns an average of 2.5 scooters, he added. “Expanding presence” is one of four strategies GoShare is adopting for this