Capella agrees to buyout
Capella Microsystems (Taiwan) Inc (凌耀科技), which designs ambient-light sensors, yesterday said its board has agreed to a NT$6.05 billion (US$201.7 million) buyout proposal from US company Vishay Intertechnology Inc.
Vishay offered to buy Capella shares at NT$139 per share, representing a 22 percent premium compared with Capella’s closing price of NT$114 yesterday.
Capella Microsystems president Shih Cheng-chung (施振強) said the deal would help the new company develop sensors used in industrial devices, cars and the Internet of Things.
The transaction is expected to be completed in January next year, according to a company statement filed with the Taiwan Stock Exchange.
Quanta shares drop 2.75%
Shares of Quanta Computer Inc (廣達), the world’s largest contract notebook computer maker, shed 2.75 percent to close at NT$85 yesterday in Taipei trading after a report that company chairman Barry Lam (林百里) sold 30 million Quanta shares last month, lowering his stake to 10.76 percent from 11.54 percent.
The company on Thursday reported that sales for last month rose 2.4 percent from May and 4.8 percent from a year earlier to NT$71.8 billion, due to an increase in orders for laptops.
The company said it shipped 11.5 million laptops in the April-to-June quarter, an increase of 9.5 percent from 10.5 million units shipped in the previous three months.
In the first half of the year, cumulative sales totaled NT$430.34 billion, up 10.82 percent year-on-year, the company said.
Synnex’s revenue slides
Impacted by sliding sales of consumer electronic products, Synnex Technology International Corp (聯強), Asia’s largest distributor of information technology products and electronics components, on Thursday posted revenue of NT$24.46 billion, down 5.57 percent from May and 5.97 percent from a year earlier, the company said in a statement.
The weaker-than-expected sales last month pushed the company’s second-quarter revenue down 0.7 percent quarter-on-quarter and 1.5 percent year-on-year to NT$77.87 billion.
In the first half of the year, cumulative revenue increased 2 percent to NT$155.8 billion from the same period last year, the company said.
Relaxations to aid fund houses
The Financial Supervisory Commission on Thursday announced regulatory relaxations that would allow fund houses to trade gold, minerals and other commodities on the spot market with privately raised funds.
The opening is intended to give fund houses more investment flexibility, but the new investments must not exceed 40 percent of their net worth, the commission said.
Investments on the spot market and related securities may equal 100 percent of their net worth.
Fund houses may also invest in financial derivatives — such as futures and options — which target gold, minerals and other commodities, the commission said, capping such investments at 40 percent of the fund’s net worth.
Hung Sheng to sell new building
Hung Sheng Construction Co (宏盛建設) is to sell a new grade-A office building on Nanjing E Road in Taipei with an asking price of NT$20 billion, or NT$1.6 million per ping (3.3m2), property broker DTZ said on Thursday.
The building has 20 floors above ground and another five stories underground, in addition to 160 parking spaces, DTZ said.
Total floor space measures 11,350 ping on a 987 ping plot of land, the broker said.
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
INVEST IN TAIWAN: A metal components casting firm and the world’s largest maker of aluminum bicycle rims also obtained approvals to join the program Solar Applied Materials Technology Co (SOLAR, 光洋應用材料), a part of Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) “green supply chain,” has pledged to invest NT$1 billion (US$34.1 million) to build a new plant at the Tainan Technology Industrial Park (台南科技工業區), the Ministry of Economic Affairs said yesterday. SOLAR has been collaborating with TSMC to extract precious metals from waste and reuse them as “sputtering target” material in high-end semiconductor manufacturing, a TSMC press release issued in May said. Established in 1978, SOLAR also offers key materials and integrated services to customers in the optoelectronics, information and communications technology, petrochemicals and consumer electronics industries,
‘SWARM TECH’: Joint venture FARobot is to develop autonomous mobile robots that would first be deployed in Hon Hai’s factories to optimize production efficiency Hon Hai Precision Industry Co (鴻海精密) and Adlink Technology Inc (凌華科技) have formed a robotic venture that aims to use “swarm technology” to create robots that can communicate with one another on the factory floor to optimize production efficiency. Hon Hai is Apple Inc’s leading iPhone assembler and the world’s largest contract electronics maker, while Adlink supplies industrial computers and Internet of Things solutions. Through a subsidiary, Hyield Venture Capital Co (鴻揚創投), Hon Hai holds a 51 percent stake in autonomous mobile robot (AMR) developer FARobot (法博智能移動), while Adlink owns the remaining 49 percent. Together, the two companies put up NT$200