TSMC revenue rises 11%
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated revenue of NT$98.26 billion (US$3.2 billion) for the first two months of the year, an increase of 10.9 percent from the same period last year. The scale of revenue covers 71 percent of the company’s operational prospects of NT$138 billion for the first quarter of the year, with a small gap of NT$39.8 billion to fill this month to reach the goal, the company said. TSMC added that it anticipates first-quarter sales to be higher than expected. Sales for last month were NT$46.83 billion, down 9 percent from the month before, but up 13.7 percent from a year earlier, TSMC said.
High rank for data centers
Hong Kong, Singapore and Taiwan are the top three locations in the Asia-Pacific region when it comes to suitability for setting up new and outsourced data centers, according to technology research firm IDC. The firm’s Asia-Pacific Data Center Index evaluates 13 countries in the Asia-Pacific region, excluding Japan, for suitability regarding setting up new data center locations and also outsourcing work to centers that already exist in those countries. The factors that put these countries at the top of the rankings are energy costs and bandwidth availability, IDC said on Wednesday last week, citing the results of its recently published Asia-Pacific Data Center Index.
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
Nano-X Imaging Ltd, a start-up founded by Israeli investor Ran Poliakine, is joining forces with South Korean chipmaker SK Hynix Inc to build a machine that could disrupt a century-old X-ray industry. Valued at about US$2 billion after listing on the NASDAQ last month, Nano-X is seeking to transform a multibillion-dollar industry that has essentially relied on the same technology since Nobel Prize in Physics winner Wilhelm Roentgen discovered X-rays in the late 19th century. Nano-X’s device uses semiconductors instead of metal filaments to generate X-rays. The backing of SK Hynix, the world’s second-largest maker of memory chips, is a boost for
Continental AG, which makes control units for Daimler AG cars, cannot pursue antitrust claims against a group of patent owners, including Qualcomm Inc, which are seeking royalties on telecommunications technology, a federal judge in Texas ruled. Avanci LLC, a licensing pool formed by Qualcomm, Nokia Oyj, Sharp Corp and other owners of patents on technology standards, is not breaching antitrust laws when it negotiates license agreements with automakers rather than the component makers, Barbara Lynn, chief district judge for the Northern District of Texas, said in dismissing the suit in a decision posted on Friday. The licensing group charges US$15 per vehicle
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