Sat, Jan 24, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with agencies

SEMICONDUCTORS

TSMC hits market cap record

The market capitalization of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, hit a record high yesterday after its shares advanced on the back of strong foreign institutional buying. TSMC shares rose 3.57 percent to close at the day’s high of NT$145, with 82.24 million shares changing hands, Taiwan Stock Exchange (TWSE) data showed. The gains boosted the company’s market cap to NT$3.75 trillion, from NT$3.63 trillion on Thursday, TWSE data showed.

COMPUTERS

Barclays wary of PC stocks

Investors should remain cautious about the outlook for major Asian PC brands this year, with global PC shipments expected to continue declining from last year due to a lack of “killer” products and replacement demand, Barclays said in a client note yesterday. However, the British bank said it remained positive on Lenovo Group Ltd’s (聯想) outlook, as it expects the Chinese firm to see PC market share gains and new revenue contributions from its Motorola/IBM x86 server business. As for Taiwan’s Acer Inc (宏碁) and Asustek Computer Inc (華碩), Barclays said the two companies are likely to be affected by foreign-exchange losses in the near term, along with weakening demand in emerging markets.

TELECOMS

CHT, Acer partner on cloud

Chunghwa Telecom Co (CHT, 中華電信) on Thursday teamed up with Acer Inc (宏碁) to jointly develop a cloud computing-based telecommunications platform for enterprises. The partnership will integrate the resources and technologies of the two companies to provide secure telecommunications services, intelligent private corporate telephone networks and multimedia terminal equipment, a statement from Chunghwa Telecom said. The new telecom platform will target domestic and international companies that are seeking more efficient and better integrated telephone network solutions, Chunghwa Telecom said.

CURRENCY

Yuan transactions up: PBOC

China’s use of its own currency for cross-border transactions has increased “notably,” reaching 9.95 trillion yuan (US$1.63 trillion) last year, the People’s Bank of China (PBOC) said yesterday, without giving a comparative figure. The combined volume of yuan settlement for cross-border trade, investment and financing accounted for about 20 percent of China’s total cross-border payments and receipts last year, the Chinese central bank said in a statement. China is seeking to raise the yuan’s international profile in line with its standing as the world’s second-largest economy.

SOCIETY

HK falls from livable city list

Hong Kong has dropped out of the world’s top 30 most-livable cities because of poor air quality and social unrest caused by the Occupy Central movement, consulting firm ECA International said. The city’s livability ranking fell 16 spots to 33rd, one of the steepest slides in the survey, while another Asian financial hub, Singapore, topped the list for the 16th straight year, according to a report posted on ECA’s Web site on Thursday. In Asia, Hong Kong ranks sixth for livability, behind Singapore and the Japanese cities of Osaka, Nagoya, Tokyo and Yokohama, according to ECA’s annual survey.

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