Sat, May 17, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

PATENTS

Arima to pay royalties

Mobile phone maker Arima Communications Corp (華冠) yesterday said a US court ruled it has to pay US$19 million in royalties to US company InterDigital Group for using the company’s wireless technology patents. The company is also required to pay attorney’s fees. As the company has reserved capital for the patent lawsuit, Arima said it has to allocate an additional NT$166 million (US$5.5 million) for the royalty payments, according to a company statement with the Taiwan Stock Exchange. The ruling will not have a serious impact on the company’s financial status, it said. Arima said it has filed new complaints against InterDigital in other areas of the world.

FINANCES

Banks pass FSC test

The Financial Supervisory Commission (FSC) on Tuesday released its assessment on local banks’ ability to survive a potential housing crash, with results showing that all can absorb losses from a 30 percent drop in house prices. In the commission’s first test, which hypothesized a 20 percent fall in housing prices and a 1 percentage point rise in interest rates, banks would face NT$37.4 billion in total losses and their capital adequacy ratio would fall to 11.71 percent. In the second test, banks would see total losses of NT$73.8 billion with their capital adequacy ratio fallling to 11.56 percent with a 30 percent drop in prices and a 2 percentage point rise in interest rates, the FSC said.

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