Taiwanese companies have continued to wire money to China and other overseas markets this year, while repatriating a record-high proportion of investment income from China for the first nine months of the year, according to a report issued by the Financial Supervisory Commission (FSC) yesterday.
A total of 1,132 listed companies had invested in China as of the end of last quarter, accounting for 77.32 percent of all 1,464 firms that trade their shares on either the Taiwan Stock Exchange (TWSE) or the GRETAI Securities Market (GTSM), the report’s data showed.
The TWSE is the primary stock market in Taiwan, while the GTSM is the nation’s over-the-counter market.
Compared with the end of last year, China-bound funds have increased by a total of NT$161.1 billion (US$5.15 billion) to NT$1.875 trillion as of the end of September, driven by investment in the computer and peripheral equipment manufacturing sector, as well as the electronics components industry, the report said.
Taiwanese firms listed on local bourses recorded a combined NT$121.7 billion in investment income during the July-to-September period, rising NT$35 billion, or 40.37 percent, from the same period last year, on improvements in defect-free rates and margins, the commission said in the report.
These firms had repatriated NT$198.1 billion at the end of September, making up 10.56 percent of their original investments, which marks the highest proportion in history for the first nine months, the commission said.
Securities and Futures Bureau Deputy Director-General Chang Li-chen (張麗真) said that the strong profitability may be the major factor leading Taiwanese companies to repatriate more money.
Overseas investments, not including investments in China, totaled NT$493.7 billion as of the end of September, led by investment in semiconductor and electronics businesses, the commission’s statistics showed.
Overseas investments generated NT$246.9 billion in investment profit for the third quarter, an increase of NT$7.3 billion from a year ago, the commission added.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS