TSMC posts monthly slide
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported that its revenue last month rose by 15.4 percent from a year earlier, but fell 6.9 percent from the previous month to NT$70.155 billion (US$2.25 billion). That brought the world’s largest contract chipmaker’s combined revenue in April and last month to NT$122.68 billion, about 71 percent of the chipmaker’s revenue forecast of between NT$204 billion and NT$207 billion for the current quarter. In the first five months of the year, cumulative revenue grew by 35.7 percent to NT$367.518 billion from the same period last year, TSMC said in a statement.
ASE monthly sales rise 6.1%
Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) on Tuesday said consolidated sales rose by 16.2 percent from a year earlier to NT$23.36 billion last month and were up 6.1 percent from the previous month. However, sales of the company’s core businesses — including IC packaging and assembly testing — dropped 7 percent year-on-year and 0.6 percent month-on-month to NT$12.499 billion last month. Sales in the first five months of the year increased by 17.29 percent to NT$110.05 billion from the same period last year, ASE said in a statement.
Chailease sales up 8.49%
Chailease Holding Co (中租控股), the nation’s top leasing services provider, yesterday said that domestic sales increased significantly last month, boosting total sales to 8.49 percent growth from a year earlier to NT$2.978 billion. Sales expanded by 18 percent annually last month in Taiwan and advanced 4 percent in China and Thailand, it said. In the first five months of the year, cumulative sales were 3.8 percent higher than the same period last year at NT$14.43 billion, a company statement said.
Tong Yang profit outlook dim
Tong Yang Industry Co (東陽實業), which makes auto parts such as bumpers and hoods, is forecast to see net profit this quarter drop by 52.1 percent year-on-year to NT$125 million, due to a US$6.7 million antitrust settlement and a NT$74 million foreign-exchange loss, Fubon Securities Co (富邦證券) said in a client note. Tong Yang’s revenue for this quarter is expected to grow just 6 percent year-on-year to NT$5.64 billion due to mild growth in both the aftermarket business in North America and the original equipment manufacturing market in China, Fubon wrote. Tong Yang yesterday said revenue for last month fell by 2.49 percent annually to NT$1.79 billion, with cumulative revenue from January to last month totaling NT$9.32 billion, up 5.27 percent from a year earlier.
Synnex sales fall 10 percent
Synnex Technology International Corp (聯強國際) yesterday said its consolidated sales in the first five months of the year fell 10 percent from a year earlier to NT$117.7 billion, after last month’s sales showed a decrease of 15 percent year-on-year to NT$21.9 billion. Asia’s largest distributor of technology products and electronics components said annual sales grew by 14 percent in the communications business in the first five months. However, overall sales in the same period were dented by strong declines of between 8 percent and 23 percent in other businesses, such as information technology products, consumer electronics and semiconductor components, Synnex said in a statement.
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
ROW: A probe would determine if the rights of shareholders who were not allowed to vote yesterday had been violated, while the stock exchange also wants answers The election of board directors yesterday at Tatung Co (大同) sparked controversy after the company blocked some institutional and individual shareholders from participating in the general shareholders’ meeting, prompting the Financial Supervisory Commission (FSC) to announce that the vote would be investigated. Lin Kuo Wen-yen (林郭文艷) was re-elected as chairwoman of the household-appliance maker’s nine-member board, but prior to the vote she announced that several shareholders would not have voting rights. They were being denied a vote because they had contravened the Business Mergers and Acquisitions Act (企業併購法), and the Act Governing Relations Between the People of the Taiwan Area and