Securities firms’ profits double
Securities companies saw their net profit more than double last month from July, in part because of Yuanta Securities Co’s (元大寶來證券) returns on an investment in a non-core business, the Taiwan Stock Exchange (TWSE) said on Saturday.
The increase in those investment returns offset the negative impact on securities firms’ bottom lines of a decline in daily turnover in the nation’s equity markets last month, when average daily turnover fell about 20.6 percent month-on-month to NT$92.2 billion (US$3.07 billion), the TWSE said.
According to the TWSE, the nation’s 79 securities firms posted a combined net profit of NT$6.66 billion last month, up 160.89 percent from a month earlier.
The exchange said 49 out of the 79 firms were profitable, while the remaining 30 incurred losses during the month.
In the first eight months of the year, the 79 securities firms posted a combined net profit of NT$26 billion, up 121 percent from a year earlier, the exchange said.
Quiznos to open 100 stores
Toasted submarine sandwich brand Quiznos is planning to open 100 stores in Taiwan within 10 years, aiming to gain a sizable share of the nation’s fast-food market.
The first three stores are set to be in the Taipei region, and a flagship store is expected to open in the first quarter of next year, according to a spokesman for the Denver-based chain.
Quiznos opened its first store in Taipei City’s Xinyi District (信義) this month. Taiwan is the 40th nation Quiznos has opened stores in.
Founded in 1981, Quiznos is the second-largest submarine sandwich shop chain in North America. It has more than 2,000 outlets in 40 countries.
Best Mall eyes 100,000 clients
Best Mall (Best嚴選購物網), an online shopping site that started operations in Taiwan on Saturday, said it would focus on offering high-quality food items and hopes to attract 100,000 members by the end of this year, despite Taiwan being in the grips of a food safety scandal.
The e-commerce platform plans to provide consumers with high-quality food products because it is supervised by a team of doctors, Best Mall founder Yang Chang-yao (楊昌堯) said.
Best Mall also offers health, beauty and 3C products, as well as clothing and antiques, Yang said.
HTC beats Samsung to No.1
HTC Corp (宏達電) edged out South Korea’s Samsung Electronics Co to return to being Taiwan’s largest smartphone manufacturer based on units sold in the second quarter of this year, according to data released by research house International Data Corp (IDC) on Friday.
HTC took first place because of sales of its flagship One M8 and mid-tier Desire 816, while Samsung continued to benefit from the popularity of its high-end Note series, the report said.
Meanwhile, Taiwanese PC vendor Asustek Computer Inc (華碩) surprisingly climbed to third place on the back of its low-cost ZenFone 5 model, surpassing Japan’s Sony Mobile Communications AB in fourth and China’s Xiaomi Corp (小米) in fifth, the report said.
Based on IDC’s results, a total of 2.2 million smartphones were shipped to distributors in Taiwan during the second quarter, making it the third consecutive quarter in which shipments surpassed 2 million units.
Taiwan and France to create IoT
Taiwan and France will work together to develop the Internet of Things (IoT) in a bid to explore business opportunities within the potentially massive industry, Vice Minister of Economic Affairs Shen Jong-chin (沈榮津) said on Friday.
Shen made the remarks in Paris as the government-funded Institute for Information Industry (III) signed a memorandum of understanding with Institute National de Recherche en Informatique et en Automatique (INRIA), or French Institute for Research in Computer Science and Automation, and Universite Pierre et Marie Curie for future cooperation in developing the IoT.
Shen added that beyond the cooperation on the IoT with France, Taiwan is seeking to work with European countries on 5G technology and telematics development.
RUN IT BACK: A succesful first project working with hyperscalers to design chips encouraged MediaTek to start a second project, aiming to hit stride in 2028 MediaTek Inc (聯發科), the world’s biggest smartphone chip supplier, yesterday said it is engaging a second hyperscaler to help design artificial intelligence (AI) accelerators used in data centers following a similar project expected to generate revenue streams soon. The first AI accelerator project is to bring in US$1 billion revenue next year and several billion US dollars more in 2027, MediaTek chief executive officer Rick Tsai (蔡力行) told a virtual investor conference yesterday. The second AI accelerator project is expected to contribute to revenue beginning in 2028, Tsai said. MediaTek yesterday raised its revenue forecast for the global AI accelerator used
TEMPORARY TRUCE: China has made concessions to ease rare earth trade controls, among others, while Washington holds fire on a 100% tariff on all Chinese goods China is effectively suspending implementation of additional export controls on rare earth metals and terminating investigations targeting US companies in the semiconductor supply chain, the White House announced. The White House on Saturday issued a fact sheet outlining some details of the trade pact agreed to earlier in the week by US President Donald Trump and Chinese President Xi Jinping (習近平) that aimed to ease tensions between the world’s two largest economies. Under the deal, China is to issue general licenses valid for exports of rare earths, gallium, germanium, antimony and graphite “for the benefit of US end users and their suppliers
Dutch chipmaker Nexperia BV’s China unit yesterday said that it had established sufficient inventories of finished goods and works-in-progress, and that its supply chain remained secure and stable after its parent halted wafer supplies. The Dutch company suspended supplies of wafers to its Chinese assembly plant a week ago, calling it “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms,” Reuters reported on Friday last week. Its China unit called Nexperia’s suspension “unilateral” and “extremely irresponsible,” adding that the Dutch parent’s claim about contractual payment was “misleading and highly deceptive,” according to a statement
The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence (AI) chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centers that are less than 30 percent complete to remove all installed foreign chips, or cancel plans to purchase them, while projects in a more advanced stage would be decided on a case-by-case basis, the sources said. The move could represent one of China’s most aggressive steps yet to eliminate foreign technology from its critical infrastructure amid a
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