Tue, Apr 01, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

SMARTPHONES

HTC rejects defection rumor

Taiwanese handset maker HTC Corp (宏達電) yesterday denied media reports that a top-level executive will defect to a new entrant to the nation’s upcoming fourth-generation (4G) market later this year. In an e-mail to the Central News Agency, HTC said chief marketing officer Ben Ho (何永生) is not leaving the company or changing his position, but rather will continue to focus on his current marketing duties. Local media reported earlier in the day that Ho, who joined HTC in January last year, will resign next month to join Ambit Microsystems Corp (國碁電子), which is backed by Hon Hai Group (鴻海集團).

CHIPMAKERS

Unity Opto profits surge

Unity Opto Technology Co (東貝光電), the nation’s second-largest LED chip packager by sales, said its net profit increased nearly 154 percent last year from 2012, although consolidated revenue fell by 8.2 percent over the year. Revenue for last year fell to NT$7.1 billion (US$233 million) from NT$7.74 billion in 2012 due to major clients’ inventory adjustments. However, cost reduction and efficient production drove net profit for last year to NT$209.37 million, or NT$0.63 per share, from NT$82.47 million, or NT$0.25 per share, the previous year, the company said. It has proposed a cash dividend of NT$0.4 this year, which is subject to shareholder approval at its annual general meeting set for June 18.

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