Trade show boost expected
Four Taipei shows for motor vehicles and auto parts that closed on Saturday are expected to generate about US$600 million in business, organizers said. Dubbed Asia’s best four-in-one motoring hub, the event attracted 50,868 visitors, including a record high of 7,017 international buyers from 128 countries, the Taiwan External Trade Development Council said in a statement. Meanwhile, the 284 one-on-one procurement meetings organized on Wednesday generated US$330 million in business, the organizers said.
Daiwa expects sales growth
Daiwa Securities expects solid demand for smartphone chips to boost the sales of Taiwan-based integrated circuit designer MediaTek Inc (聯發科) in the second quarter by 4 percent from NT$46.01 billion (US$1.53 billion) the previous quarter. In a research note released on Friday, Daiwa Securities said strong demand from China should help drive MediaTek’s smartphone chip shipments for the second quarter to 73 million units, up 12 percent from the previous quarter.
ASE proposes dividends
Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) has proposed a cash dividend of NT$1.3 per share, with a dividend payout ratio of 61.6 percent based on ASE’s earnings per share of NT$2.11 for last year. The company is expected to dole out more than NT$10.16 billion in cash dividends, the firm said on Tuesday last week. ASE is also planning to make an overseas private placement of convertible bonds worth up to NT$15 billion, with the coupon rate expected not to exceed 5 percent, the company said, without disclosing a timetable for the private placement.