Tue, Dec 16, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

SEMICONDUCTORS

ASE plant set to restart

Advanced Semiconductor Engineering Inc (ASE, 日月光半導體), the world’s largest IC packaging and testing services provider, yesterday said that it would soon resume full operations at its Greater Kaohsiung plant. The factory was shut down for environmental pollution reasons, but has now passed inspections by local health authorities, the company said. ASE said it put environmental measures in place last year in the hopes of becoming a role model for local semiconductor suppliers, though it did not specify what the measures were. In December last year, ASE’s K7 plant was ordered to shut down part of its production after it was found to have dumped untreated waste water into a nearby creek. The partial shutdown cost about US$18 million a month, with the factory accounting for about 9 percent of the company’s monthly sales.

CHIPMAKERS

UMC inks deal with Infineon

United Microelectronics Corp (UMC, 聯電), the nation’s No. 2 contract chipmaker, yesterday said that it has signed a manufacturing agreement with Infineon Technologies AG to make power semiconductors for automotive electronics. Based on the agreement, Infineon is to transfer its automotive-qualified smart power technology to UMC, which is to produce the chips at its 12-inch factories, the companies said in a joint statement. The production is scheduled to begin in early 2018, the statement added.

TECHNOLOGY

MediaTek, schools study 5G

MediaTek Inc (聯發科), the nation’s largest handset chipmaker, yesterday launched a research program with the nation’s top universities to develop 5G wireless technology. The government-funded program aims to develop chips enabling 5G technologies to support future demand for high-speed data transmission on the Internet of Things, according to a company statement. The five schools are National Chiao Tung University, National Tsing Hua University, National Taiwan University and National Taiwan University of Science and Technology.

ELECTRONICS

Delta to take over Eltek

Delta Electronics Inc (台達電), the nation’s top power supply unit maker, yesterday said that it plans to buy power system company Eltek ASA in a deal totaling 3.9 billion Norwegian krone (US$529 million) to expand its markets in the US, Europe and Africa. Delta plans to buy up to 329 million shares, or 100 percent, of Eltek at 11.76 Norwegian krone per share, Delta said in a statement. The transaction is expected to be completed by the middle of next year. Eltek, based in Drammen, Norway, has 2,400 employees across 60 sales offices worldwide.

BANKING

Cathay Life eyes Rizal stake

Cathay Life Insurance Co Ltd (國泰人壽), a subsidiary of Cathay Financial Holding Co (國泰金控), is scheduled to ink an agreement tomorrow to purchase a nearly 20 percent stake in Rizal Commercial Banking Corp in the Philippines. Cathay Life Insurance said in a statement that the total for the transaction is about 17.92 billion Philippine pesos (US$401.21 million) at 64 pesos per share. The company said that the Philippine banking sector is an attractive market in terms of growth, profitability and asset quality. Cathay Life Insurance said that the transaction is scheduled to take effect in the first quarter of next year after regulatory approval in Taiwan and the Philippines.

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