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.
Analysts said consumers are also rushing to purchase big-ticket items like cars that, due to superstitions, are generally avoided during Ghost Month, which this year falls from July 27 to Aug. 24.
In the first 10 days of the month vehicle sales totaled 8,135 units, up 41 percent year-on-year, according to the statistics.
Hotai Motor Co (和泰汽車), the local sales agent for Japan’s Toyota Motor Corp, remained the nation’s biggest car supplier during the 10-day period with sales of 2,795 units, up 63.6 percent month-on-month and 10.6 percent annually.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion
’WHITE BOX’: The open platform would give local firms access to Cisco’s cloud-based mobile network to develop 5G telecom equipment and tap into the global market The Ministry of Economic Affairs (MOEA) yesterday introduced a new 5G “open lab” in collaboration with US-based information technology and networking giant Cisco Systems Inc to address the rapidly growing “white box” 5G networking equipment market. The open lab will be a platform where Taiwanese manufacturers can access Cisco’s cloud-based mobile network to develop their own 5G telecom equipment, such as small-cell base stations, network switches, modems and Internet of things (IoT) devices, a ministry statement said. The open platform would allow Taiwanese manufacturers to tap into the lucrative 5G telecom equipment market, which was previously monopolized by Nokia Oyj, Ericsson AB