TSMC acquires Taoyuan factory
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s top contract chipmaker, yesterday signed an agreement with Qualcomm Inc’s local display unit to acquire a factory in Longtan Township (龍潭), Taoyuan County, for US$85 million.
The company might use the factory to boost its advanced chip testing and packaging capacity, while providing more in-house chip testing and packaging services for customers.
TSMC offers cost-efficient INFO packaging service for chips used in mobile devices and high-end 3D CoWoS packaging services for chips used in servers.
Manufacturing output rises
The output of Taiwan’s manufacturing industry hit NT$3.72 trillion (US$120.85 billion) last quarter, up 5.77 percent from last year’s NT$3.52 trillion and up 1.69 percent from the previous quarter’s NT$3.66 trillion, the Ministry of Economic Affairs said yesterday.
Output of electronic parts set a quarterly record of NT$992.94 billion, up 9.1 percent year-on-year and 5.92 percent quarter-on-quarter, thanks to strong demand for new products from handset brands, the ministry said.
Overall, manufacturing output in the first three quarters increased 3.7 percent annually to NT$10.78 trillion, the ministry said.
Microsoft mulling data center
Microsoft Corp is considering building a data center in southern Taiwan and could invest at least US$600 million next year at the earliest, the Chinese-language Economic Daily News reported yesterday, citing unnamed sources.
The paper said that Microsoft is assessing the possibility of a supersized data center to cater to Taiwan’s original design manufacturers.
Two teams from Microsoft are studying the matter, it said.
Microsoft is seeking “infinite” data storage space coupled with its cloud service to make inroads into Google Inc’s clients, the paper said.
Oaktree to sell golf firm shares
Oaktree Group LLC is to sell its 48 percent stake in Fu Sheng Industrial Co (復盛工業) after investing in the world’s largest maker of golf club heads for seven years, Dow Jones Newswires reported yesterday, citing people familiar with the situation.
Oaktree acquired the Fu Sheng shares in 2007 for US$852 million. Dow Jones said the planned share sale could value the company at about US$1 billion. Oaktree has hired UBS AG to sell the shares, but the deal is still at an early stage, the report said.
Asus eyes cloud cooperation
Asus Cloud Corp (華碩雲端), a subsidiary of Asustek Computer Inc (華碩電腦), said yesterday it will seek strategic alliances in overseas markets to scale up the user pool of its cloud services.
The company has 37 million personal cloud users worldwide and aims to have more than 40 million by the end of the year, before leaping to 100 million next year through cooperation with telecoms and gaming companies in markets such as Indonesia, Malaysia and China, Asus Cloud CEO Peter Wu (吳漢章) said at a conference in Taipei.
Hon Hai arm eyes local trading
General Interface Solution Holding Ltd (GIS, 業成), a touchpanel manufacturing arm of Hon Hai Group (鴻海集團), has applied to trade its shares on the local stock market, Taiwan Stock Exchange Corp (TWSE) said in a statement yesterday.
GIS, registered in the Cayman Islands, supplies touchpanels for tablet and smartphone brands in the US, Europe and China, TWSE said.
The company has an initial capital of NT$2.86 billion (US$92.63 million). In the first three quarters of this year, GIS made NT$785 million in net profit, or NT$2.84 per share, on revenue of NT$51.83 billion.
Australia names yuan clearer
Bank of China Ltd (中國銀行) has been named as the official clearing bank for the yuan in Australia and agreed to boost cooperation with ASX Ltd, operator of the country’s main stock exchange.
The accord between the bank and ASX is aimed at lifting transaction volumes in an existing settlement service for yuan. The companies will encourage the use of yuan-denominated fixed income products and promote ASX across Asia.
Hua Nan, Huarong sign MOU
State-run Hua Nan Financial Holding Co (華南金控) yesterday signed a memorandum of understanding with China Huarong Asset Management Corp (中國華融) to help the bank-focused conglomerate to explore the Chinese market, the local financial services provider said in a statement.
The two sides will first engage in exchanges of market intelligence, personnel training and legal requirements. In the long run, the cooperation will allow Hua Nan to gain a better understanding of the Chinese market and enhance its expansion plans there, the statement said.
Huarong is one of the top four largest asset management companies in China with total assets of 4 trillion yuan (US$653 billion), the statement said.
China Steel monthly profits dip
China Steel Corp (CSC, 中鋼) yesterday reported pretax profit of NT$2.94 billion for last month, down 1 percent from NT$2.97 billion the previous month, but up 30.67 percent from NT$2.25 billion the previous year, the nation’s only integrated steel maker said in a statement.
From January through last month, pretax profit was NT$23.21 billion, up 14.39 percent from NT$20.29 billion a year earlier thanks to declining iron ore prices.
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
MRT TRAVEL FALLS: In February, ridership on the Taipei MRT System fell 8.96 percent from an average of 2.01 million per day in January Scooter sales jumped 13 percent last month as more commuters turned to two-wheelers to avoid public transportation amid the COVID-19 pandemic, the latest statistics showed. Sales expanded to 74,493 units last month, compared with 65,913 units in February, statistics released on Wednesday by Kwang Yang Motor Co (光陽工業) and the Ministry of Transportation and Communications showed. In the first quarter, aggregate sales slid 0.51 percent year-over-year to 186,627 units, from 187,580 units, data showed. Kwang Yang, the nation’s biggest scooter manufacturer, continued to lead the market by selling 24,136 vehicles last month, growing 6.12 percent from 20,785 units in the previous month, while
Asustek Computer Inc (華碩), the nation’s leading PC vendor, yesterday launched its first dual-screen gaming laptop powered by Intel Corp’s latest central processing units (CPUs). The PC manufacturer’s announcement closely followed the US chipmaker’s unveiling of its 10th Generation Core H-series, the fastest commercial mobile processors with speeds of up to 5 gigahertz. Although Asustek’s Zephyrus Duo 15, the highlight of its Republic of Gamers line, is not the company’s first laptop with two screens, it is its first designed specifically for gaming. Nestled between the primary display panel and the keyboard, the secondary display, which Asustek calls the ScreenPad Plus, is angled
NO ILL EFFECT: Last month’s data mainly reflected deals made in February, when the spread of COVID-19 was still relatively mild in Taiwan, housing brokers said Housing transactions in the six special municipalities totaled 19,824 units last month, up 7.8 percent from a year earlier, brokers said, citing government data. Last month’s data mainly reflected deals made in February, when the pinch of the COVID-19 pandemic was not yet evident, they said. Taoyuan posted the largest improvement, with housing transactions soaring 36.6 percent year-on-year to 3,676 units, local government data showed. Taiwan Realty Co (台灣房屋) attributed the pickup to the completion of two presale residential projects in the municipality. Houses in Taoyuan have increasingly gained in popularity in the past few year years due to relatively affordable home prices and