Wed, Dec 10, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with agencies

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

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