Wed, Aug 27, 2014 - Page 14 News List

Taiwan Business Briefs

Staff writer, with agencies

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.

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