TNA cash dividend approved
Local airliner TransAsia Airways Corp (TNA, 復興航空) yesterday said the board has approved a proposal to distribute a cash dividend of NT$0.1 per share for shareholders. The distribution is based on TNA’s net profit for last year of NT$304.91 million (US$9.73 million), or NT$0.55 per share. In a separate filing with the Taiwan Stock Exchange, TNA said the board has approved the issue of a maximum of 50 million common shares via a private placement and to issue corporate bonds worth as much as NT$1.5 billion to replenish operational capital, repay bank loans and buy fixed assets. The board also approved the company’s proposal to buy four Airbus A321-200 planes from Airbus SAS, rather than six as originally planned. An airplane leasing company will buy the other two planes, it said. TNA still plans to buy two Airbus A330-300 airplanes as planned.
Listed firms’ revenue rises
Taiwan’s listed companies made a total of NT$6.71 trillion (US$214.09 billion) in the first quarter of this year, up 3.5 percent from a year ago, driven by the nation’s semiconductor, electronics and construction industries, the Taiwan Stock Exchange said in a statement yesterday. However, Taiwan’s cement, chemical, gas and electricity industries showed signs of a decline in sales in the first three months of the year, according to their filings with the Taiwan Stock Exchange, the statement said.
HTC’s US market share grows
Taiwanese smartphone maker HTC Corp (宏達電) saw its market share in the US rebound slightly in the three months ending in February, its first gain in more than two years. The Taoyuan-based company was ranked the fifth-largest smartphone vendor in the US, with a 3.8 percent share from December last year to February, up 0.1 of a percentage point from the September-to-November period, according to a report published on Thursday last week by market research firm comScore Inc. It was HTC’s first gain over a three-month period since comScore released US smartphone market share figures regularly from the July-to-September period of 2012, when HTC had a market share of 12 percent. Apple Inc remained the top smartphone vendor in its home market, but its share dropped by 0.1 of a percentage point to 41.7 percent in the three months ending in February, while second-placed Samsung Electronics Co fell 1.1 percentage points to 28.6 percent. LG Electronics Inc was a distant third, with its market share expanding by 0.7 of a percentage point to 8.3 percent, followed by Motorola Mobility in fourth with a 5.1 percent share, comScore said.
MediaTek targets developers
Taiwanese chip designer MediaTek Inc (聯發科) has launched a new development platform to help developers commercialize their products or services using Internet of Things (IoT) technology. The MediaTek LinkIt Assist 2502 platform is designed for advanced developers looking for a professional environment in which they can design and prototype the software and hardware for consumer-ready wearables and IoT devices. The new module-based approach makes it easier to get access to MediaTek chipset technology and simplifies final hardware design for developers, the Hsinchu-based company said.
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
Taipei Times: When do you think the hospitality industry can return to how it was before the COVID-19 pandemic? How does Formosa International Hotels Group (FIH, 晶華酒店集團) fare this quarter and beyond? FIH chairman Steve Pan (潘思亮): The virus outbreak will have a serious impact on business travel, driven mainly by meetings, incentive travel, conferences and exhibitions over the past three decades. For the past six months, many businesspeople have grown used to exchanging information on the Internet, where more people can participate. The trend might sustain for three to five years until people are vaccinated and it is safe to
DIGITAL COMMERCE: In 2016, only 2 percent of orders were delivered in Taiwan, but that has risen to 10 percent, Foodpanda Taiwan Co operations director Nick Yu said Online food delivery platforms have seen explosive growth in Taiwan this year, helped by business opportunities related to the COVID-19 pandemic, company executives said at a digital commerce conference in Taipei yesterday. When the threat of COVID-19 kept people from going out to eat, more people experimented with ordering food deliveries online, Foodpanda Taiwan Co Ltd (富胖達) operations director Nick Yu (余岳勳) said. Foodpanda started operations in Taiwan in 2012. “We experienced 5,000 percent growth in the past 24 months,” Yu said. “That’s more than the previous six years combined.” In 2016, only 2 percent of food orders were delivered in Taiwan, but that