King Yuan builds new plant
King Yuan Electronics Co (京元電子), an integrated circuit testing service provider, yesterday broke ground for its second plant in Miaoli County’s Tongluo Industrial Park (銅鑼科學園區), after its first plant in the park began mass production earlier this year.
King Yuan chairman Lee Chin-kung (李金恭) said the first plant brought about 600 jobs to the area and the new one is expected to add several hundred more.
The second plant, which is expected to be completed by the end of next year, is to provide wafer-testing services for microelectromechanical systems sensor and system-on-a-chip processor, the company said
UMC revenue rises 11.5%
United Microelectronics Corp (UMC, 聯電), the nation’s second-largest contract chipmaker, yesterday reported its revenue last month had risen from a year earlier, but fallen from the previous month, as the semiconductor industry was entering a seasonal adjustment.
Consolidated revenue last month increased 11.5 percent year-on-year to NT$11.54 billion (US$368.6 million), but dropped 14.52 percent from October, UMC said in a statement.
The monthly drop last month came after UMC reported a record consolidated revenue of NT$13.5 billion in October.
In the first 11 months of the year, cumulative revenue totaled NT$127.81 billion on a consolidated basis, up 12.2 percent from the same period last year, the Hsinchu-based company said.
Compal revenue rises 24.97%
Compal Electronics Inc (仁寶), the world’s second-largest notebook contract maker by revenue, yesterday posted consolidated revenue of NT$82.45 billion last month, up 24.97 percent from a year earlier and 1.61 percent higher than the previous month, as the company’s core notebook business grew steadily in line with industry trends.
Compal shipped 4.1 million laptops last month, compared with 3.6 million in October, it said.
Total revenue for the first 11 months was NT$762.88 billion, up 21.47 percent from the same period of last year, it said.
Hiring outlook remains strong
The nation’s hiring outlook for the first quarter of next year remains strong, with the net employment outlook ranking the second-highest worldwide, according to a survey released by ManpowerGroup yesterday.
In the survey, ManpowerGroup said that Taiwan’s net employment outlook for the January-March period after seasonal adjustments stood at 43 percent, trailing only India’s 45 percent.
The international human resource company said that after interviewing 1,118 employers in Taiwan, 40 percent of them have plans to expand their workforce, while 3 percent want to downsize in the first quarter and 53 percent said they will leave their workforce unchanged in the coming quarter.
Formosa gains on share sale
Formosa Petrochemical Corp (FPCC, 台塑石化), the nation’s only private oil refiner, yesterday said it made an investment gain of NT$136.9 million by selling 4.22 million shares in DRAM chipmaker Nanya Technology Corp (南亞科技) at NT$71.65 per share between Friday last week and yesterday.
On Dec. 2, Formosa Petrochemical said it planned to sell 6.53 million Nanya Technology shares to strengthen its working capital. The announcement came as Formosa Petrochemical faces falling revenue affected by declining global crude oil prices, while Nanya Technology’s business is on a steady recovery this year.
Accton posts NT$2.09 revenue
Accton Technology Corp (智邦科技), a local maker of computer network equipment such as routers, yesterday reported consolidated revenue of NT$2.09 billion for last month, up 4.13 percent year-on-year and 21.72 percent month-on-month.
By product, network switches accounted for 62.18 percent of the company’s sales last month, carrier access solutions made up 24 percent, wireless local area networks 4.89 percent, broadband and gateway devices 3.39 percent and others 5.54 percent.
For the first 11 months of the year, cumulative revenue increased 0.64 percent to NT$20.36 billion, the firm said.
CTBC overseas offices approved
The Financial Supervisory Commission (FSC) has approved CTBC Bank Co (中國信託銀行) to file an application to Australia and Malaysia respectively, in a bid to set up representative offices in Sydney and Kuala Lumpur. The lender has 100 overseas operations.
CTBC said the move may help it collect local business information via the office, and further seek opportunities to expand its banking business in the two nations.
Five Taiwanese banks have branches in Australia, while only two — state-run Mega International Commercial Bank (兆豐國際商業銀行) and Cathay United Bank (國泰世華銀行) — have branches in Malaysia, FSC data showed.
Xiaomi launches air purifier
Xiaomi Corp (小米) unveiled a home air purifier that sends pollution readings to users as the Chinese smartphone maker seeks to address concerns about air quality while widening its line of consumer electronics.
The purifier can be controlled by a smartphone and it alerts users when its filter needs to be replaced, Xiaomi founder and chief executive officer Lei Jun (雷軍) said yesterday at a press conference at the company’s Beijing headquarters.
It will sell for 899 yuan (US$145) and deliver as much as 406m3 of clean air an hour, he said.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
STAYING AHEAD: TSMC expects its sales this year to grow 14 to 19 percent and could spend up to US$3.52 billion on research and development, leaving its rivals far behind Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) reported that the US last year approved 99 percent of its patent applications, which placed the tech giant among the top patent holders in the US. In its Corporate Social Responsibility Report, TSMC said it last year secured about 3,600 patents worldwide, including more than 2,300 in the US. As of the end of last year, TSMC owned more than 39,000 patents, the report said. The company last year filed almost 6,500 patent applications worldwide and ranked among the top 10 patent applicants in the US. In Taiwan, it was the largest patent applicant for the fourth