Mon, Jul 14, 2014 - Page 14 News List

Taiwan Business Briefs

Staff writer, with agencies

Listed firms performing well

The consolidated sales of all the nation’s listed companies totaled NT$2.349 trillion (US$78.25 billion) last month, up 10.37 percent year-on-year, statistics released by the Taiwan Stock Exchange on Friday show.

Among the 809 listed enterprises, 542 of them posted an increase in sales, compared with 267 that recorded a decline.

In the first six months of this year, consolidated sales of all listed companies amounted to NT$13.26 trillion, up 5.37 percent year-on-year.

Of the 809 listed firms nationwide, 524 saw revenues grow, while 285 saw earnings decline, statistics showed.

Major industries that showed growth include the semiconductor, glass and pottery industries, as well as the automobile sector.

By contrast construction and construction material, optoelectronics and telecommunication and communications sectors suffered a decline.

Fubon wins Taipei project

Fubon Life Insurance Co (富邦人壽) on Friday won a superficies right project from Taipei City Government for NT$1.401 billion, the company said in a statement.

The project is located in Beitou District (北投), near the New Beitou MRT Station, Fubon Life said.

It consist of five small plots of land with a total area of 1,041.43 ping (3,442.73m2), the company added.

Fubon Life said the 70-year leasehold project could generate stable rental yields, as it plans to build a hotel with hot spring facilities that may create rental yields of 4 percent a year.

4G to fuel smartphone boom

Worldwide smartphone shipments are to continue growing this year, spurred on by the growing promotion of 4G Long-Term Evolution (LTE) networks, market researcher TrendForce Corp (集邦科技) forecast on Friday.

A total of 1.20 billion smartphones are expected to be shipped this year, up 29 percent from a year ago, with China’s growing 4G Time Division LTE in particular generating growth momentum in smartphone shipments and smartphone specifications upgrades, TrendForce said.

Other factors expected to boost shipments are the release of Apple Inc’s new iPhone later this year, economic recovery across the globe, and increased demand for entry-level and mid-range smartphones, the researcher said.

Macronix sues Spansion

Memorychip producer Macronix International Co (旺宏電子) said on Wednesday that it has filed a new patent infringement complaint in Germany against Spansion Inc, the firm’s subsidiaries and some of its customers.

Hsinchu-based Macronix said that it petitioned a German court for monetary compensation from Spansion and an injunction against certain products that have infringed on its patents.

The patents in question cover aspects of non-volatile memory devices, including flash memory, Macronix said in a statement.

Phones to aid memory sector

The global memory storage industry could get a boost from solid demand for smartphones in the second half of the year, when the supply of DRAM chips is expected to remain tight, DRAMeXchange has forecast.

The research house predicted that the average contract price of DDR3 4GB DRAMs will top the US$33 quoted for this month and the next, up from the US$30.5 quoted for the second half of last month.

Strong demand will likely keep DRAM prices high in the third quarter, DRAMeXchange said.

Ghost Month spurs car sales

Domestic car sales rose more than 40 percent in the first 10 days of this month, compared with the same period a month earlier, as car dealers’ sought to spark buying interest with the launch new models, statistics showed on Saturday.

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