ASE, Bosch to team up
Advanced Semiconductor Engineering Inc (ASE, 日月光), the world’s biggest chip packager and tester, said yesterday it would team up with Bosch Sensortec GmbH of Germany to jointly develop a leading edge sensor device.
ASE said this leading edge sensor device features digital interfaces in an advanced wafer level chip scale package, as the industry is geared towards highly integrated low-power consumer electronics applications.
Sensor technologies are playing an integral role in emerging applications within the Internet of Things, and the high demand for innovative applications have increasingly pushed semiconductor firms towards smaller and thinner form factors that demands advanced wafer-level packaging technologies provided by ASE, the company said.
Money-supply growth slows
Taiwan’s M2 money supply, the broadest measure of money flowing through the banking system, rose 5.63 percent last month from a year earlier, decelerating from June’s 5.74 percent rise, the central bank said on Monday, due to decreased net foreign capital inflows.
The M1B monetary aggregate rose 7.65 percent year-on-year last month from June’s 7.46 percent increase, mainly owing to increased demand deposits resulting from brisk trading in the stock market, the bank said in a statement.
M1B refers to net currency, checking accounts and passbook deposits of companies and individuals, plus the passbook savings deposits of individuals. M2 refers to M1B plus time deposits, negotiable certificates of deposit, foreign currency deposits and mutual funds.
For the first seven months of this year, the average annual growth rates of M1B and M2 were 8.53 percent and 5.85 percent respectively, the bank said.
AmFraser deal goes through
China Development Financial Holding Corp (中華開發金控) has acquired Singapore’s AmFraser Securities Pte Ltd through its brokerage unit for about S$38 million (US$30.4 million), the company said in a filing with the Taiwan Stock Exchange.
China Development said through the deal, its wholly owned subsidiary KGI Securities Co (凱基證券) would have access to AmFraser’s existing clients and trading platforms in Singapore and Hong Kong.
Ting Hsin inks CNS buy pact
Ting Hsin International Group (頂新集團) on Monday signed an agreement to buy a 60 percent stake in local cable TV operator China Network Systems Co (CNS, 中嘉網路) from South Korean private equity fund MBK Partners Ltd, Ting Hsin spokesman Ted Chia (賈先德) said at a press conference.
Due to confidentiality terms of the agreement, Chia declined to reveal any monetary numbers or the ownership structure of CNS. He said the two companies would prepare legal documents for regulatory reviews next month by the National Communications Commission and the Investment Commission.
No power price hikes planned
The government has no electricity rate hike plans in the near future even as the supply of electricity tightens as old plants are decommissioned, Minister of Economic Affairs Woody Duh (杜紫軍) said on Monday.
“Electricity rates won’t be increased any time this year or next year,” Duh said in an interview with CNA.
However, he said that Taiwan’s electricity supply would only turn tighter in the near future because old power plants would be decommissioned soon and there is no guarantee that new plants will come on line in time to pick up the slack.
The situation will only get worse if the Jinshan Nuclear Power Plant and the Guosheng Nuclear Power Plant are fully decommissioned on schedule (in 2019 and 2023 respectively), Duh said.
TV and online retailer Momo.com Inc (富邦媒體) yesterday said it has set up a new logistics subsidiary, Fu Sheng Logistics Co (富昇物流), to oversee the company’s extensive shipping operations. Leveraging Momo’s 23 satellite warehouses and distribution centers nationwide, Fu Sheng will be in charge of executing the retailer’s same-day shipment plan for deliveries in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, Momo said in a press release. Seeking to further shorten its supply chain, the company is to set up another seven satellite warehouses and distribution centers by the end of the year. “Fu Sheng has a fleet of 200 couriers
‘ACCORDING TO PLAN’: A company official said that it has set up production sites worldwide to provide services and that its Wisconsin project was going smoothly Hon Hai Precision Industry Co’s (鴻海精密) smart manufacturing center in Wisconsin would begin trial manufacturing in the middle of this year, the company said yesterday, adding that it plans to build a research institute to develop key technologies to support growth over the next five years. Hon Hai, known internationally as Foxconn Technology Group (富士康科技集團), said in an annual report submitted to the Taiwan Stock Exchange that its planned Foxconn Institute for Research in Science and Technology would conduct research into artificial intelligence, next-generation communications, quantum computing, cybersecurity and nano semiconductors in Taiwan. Hon Hai is to make products at the center
US-CHINA TENSIONS: The company said that it supplies self-designed chips to the Chinese company and, as such, is not affected by the latest US export restrictions Macronix International Co (旺宏電子) said it does not expect its shipments of memory chips to Huawei Technologies Co (華為) to be affected by the latest US export restrictions on the Chinese tech giant. “As long as the company [Huawei] places orders, we will ship [chips], unless the [Taiwanese] government restricts all Taiwanese companies from shipping” to Huawei, Macronix chairman and chief executive officer Miin Wu (吳敏求) said on Monday in Hsinchu. The US Department of Commerce on Friday took a further step to block chip supplies from non-US companies to Huawei by requiring foreign semiconductor makers to get US government permission before
E Ink Holdings Inc (元太科技), the world’s sole supplier of e-paper displays for e-readers and shelf labels, posted its best quarterly net profit for the first quarter in nine years amid increased demand during a traditionally slow season. Net profit soared 80 percent to NT$787 million (US$26.23 million) in the quarter ended March 31, compared with NT$438 million a year earlier. That translated into earnings per share of NT$0.69, up from NT$0.39. E Ink posted lower royalty income of NT$371.23 million last quarter from NT$448.74 million a year earlier, a company financial statement showed. E Ink said that it expects royalty income to