Rise in shipments predicted
Global shipments of touch-enabled notebooks will show a sharp rise in the current half of the year as more consumers get into the habit of using portable devices with touch functions, according to a forecast by DisplaySearch. The market research firm forecast that 13.6 million touch notebooks would be shipped in the second half of this year, accounting for about 15 percent of all notebook computers shipped. That is up from 6.2 million units shipped and a 7 percent share in the January to June period, DisplaySearch said in a research note. Though the penetration rate of touch notebooks remains low even with the strong growth in the category, DisplaySearch said the product would become more popular over time because of growing consumer familiarity with touch-enabled portable devices. Touch-enabled notebooks are expected to have a 40 percent share of the overall notebook market by 2017, with annual shipments of 64.2 million units, the firm said.
Izzo to retain ECCT role
The European Chamber of Commerce Taiwan (ECCT) has announced that Giuseppe Izzo will serve as chairman of its board of directors next year for a second consecutive year. Izzo, general manager of local operations at STMicroelectronics Ltd, was elected by the new board of directors at their first meeting, following the chamber’s annual general meeting on Friday, the ECCT said in an e-mailed statement. Next year’s 15-director board and five supervisors were voted into office at the annual general meeting by ECCT members. With more than US$32 billion in direct foreign investments, European business remains the largest group of foreign investors in Taiwan.
POOR INTERNAL CONTROLS: Insurance Bureau Director-General Shih Chiung-hwa said the company is expected to get back on track while its chairman is suspended The Financial Supervisory Commission (FSC) yesterday fined Shin Kong Life Insurance Co (新光人壽) NT$27.6 million (US$939,415) for a reckless investment that endangered its solvency, and suspended its chairman Eugene Wu (吳東進) for poor supervision. The penalty is the second-highest in a single case after Nan Shan Life Insurance Co (南山人壽) was fined NT$30 million in September last year and its chairman Du Ying-tzyong (杜英宗) suspended for two years, the commission said. In three rounds of special and regular examinations conducted since last year, the commission found that Shin Kong Life had given too much power to an asset and liability management committee
HEAVY INVESTMENT: Moody’s affirmed the firm’s ‘Aa3’ rating with a ‘stable’ outlook due to its leading position in the industry and ability to match customer requirements Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue this year is expected to increase about 21 percent to NT$1.29 trillion (US$44.01 billion) from NT$1.07 trillion last year, driven by strong demand for advanced 5-nanometer and 7-nanometer chips mainly used in smartphones and high-performance computing devices, a Moody’s Investors Service report on Wednesday said. TSMC’s rate of revenue growth next year is to increase to 7.5 percent, the ratings agency said. The company, which supplies 5-nanometer chips for Apple Inc’s new iPad series, has introduced the advanced chips ahead of its competitors and gained a significant share of the market for the foundry industry’s
Sony Corp has cut its estimated Play Station 5 (PS5) production for this fiscal year by 4 million units, down to about 11 million, following production issues with its custom-designed system-on-chip (SOC) for the new console, people familiar with the matter said. The Tokyo-based electronics giant in July boosted orders with suppliers in anticipation of heightened demand for gaming in the holiday season and beyond, as people spend more time at home due to the COVID-19 pandemic. However, the company has come up against manufacturing issues, such as production yields as low as 50 percent for its SOC, which have cut into
O2O BICYCLE SHOW: The Taiwan Bicycle Show next year is to be online to offline, with forums, audio-visual conferences and livestreaming of the offline events Local bicycle makers expect demand to continue outpacing supply due to orders triggered by the COVID-19 pandemic, with some companies seeing orders back up through next year. “Next year is all full in terms of orders. Our lead time on components is one year,” Giant Manufacturing Co Ltd (巨大機械) chairwoman Bonnie Tu (杜綉珍) told a news conference in Taipei organized by the Taiwan External Trade Development Council (TAITRA) to announce next year’s Taipei Cycle Show. The pandemic has reduced bicycle supplies and increased demand around the world, Robert Wu (吳盈進), chairman of KMC (Kuei Meng) International Inc (桂盟國際), one of the world’s