Aerospace Industrial Development Corp (AIDC, 漢翔航空工業), a government-owned civilian and military aircraft manufacturer, yesterday released a total of 173.13 million shares via an auction, with the lowest bidding price at NT$22.08 per share.
The price showed a more than 70 percent increase from the starting price of NT$12.95, with the price of the company’s plan to release 115.42 million shares through initial public offering (IPO) to be set at NT$16.84 for its debut on the Taiwan Stock Exchange on Aug. 25.
The company, which has paid-in capital of NT$9.08 billion (US$302.05 million), is set to release a total of 54 percent of its shares to its employees and the public, with the Ministry of Economic Affairs remaining the largest shareholder after the IPO.
The government passed AIDC’s share release plan in September last year, with the plan expected to generate a total of NT$7.5 billion for national coffers, according to data offered by the ministry’s State-owned Enterprise Commission.
AIDC saw net profit last year total NT$1.29 billion, or NT$1.42 per share, with earnings per share in the first six months of this year standing at NT$1, the company said in a statement.
AIDC took nearly NT$50 billion in new orders last year, with a further NT$21.5 billion in new orders in the first half of this year, the company said.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day