HTC Corp (宏達電) yesterday declined to comment on a report that the Taiwanese smartphone maker is hoping to work with an Israel-based startup to provide virtual-reality technology.
Local magazine Business Next on Saturday reported that HTC chairwoman and CEO Cher Wang (王雪紅) had planned to visit Replay Technologies Inc early last month, but was forced to cancel the visit because she needed to address HTC’s tumbling share price.
The report said Wang canceled the visit in an e-mail to the Israeli company, citing Replay cofounder and CEO Oren Haimovitch-Yogev.
Wang’s secret visit was aimed at teaming up with Replay for new technologies used in the HTC Vive — a virtual-reality headset developed jointly with US video game developer Valve Corp, which is expected to hit the consumer market in the second half of this year, the report said.
In response to the report, HTC said that it does not comment on rumors or speculation.
Replay has developed a new video format called “freeD,” which works by capturing reality as a true 3D scene, comprised of 3D pixels that faithfully represent reality, rather than as a flat 2D image. The technology has been used in instant replays at the 2012 Olympic Games, NBA All-Star Games, MLB games and the Super Bowl.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) secured a record 70.2 percent share of the global foundry business in the second quarter, up from 67.6 percent the previous quarter, and continued widening its lead over second-placed Samsung Electronics Co, TrendForce Corp (集邦科技) said on Monday. TSMC posted US$30.24 billion in sales in the April-to-June period, up 18.5 percent from the previous quarter, driven by major smartphone customers entering their ramp-up cycle and robust demand for artificial intelligence chips, laptops and PCs, which boosted wafer shipments and average selling prices, TrendForce said in a report. Samsung’s sales also grew in the second quarter, up
LIMITED IMPACT: Investor confidence was likely sustained by its relatively small exposure to the Chinese market, as only less advanced chips are made in Nanjing Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) saw its stock price close steady yesterday in a sign that the loss of the validated end user (VEU) status for its Nanjing, China, fab should have a mild impact on the world’s biggest contract chipmaker financially and technologically. Media reports about the waiver loss sent TSMC down 1.29 percent during the early trading session yesterday, but the stock soon regained strength and ended at NT$1,160, unchanged from Tuesday. Investors’ confidence in TSMC was likely built on its relatively small exposure to the Chinese market, as Chinese customers contributed about 9 percent to TSMC’s revenue last
Taiwan and Japan will kick off a series of cross border listings of exchange-traded funds (ETFs) this month, a milestone for the internationalization of the local ETF market, the Taiwan Stock Exchange (TWSE) said Wednesday. In a statement, the TWSE said the cross border ETF listings between Taiwan and Japan are expected to boost the local capital market’s visibility internationally and serve as a key for Taiwan becoming an asset management hub in the region. An ETF, a pooled investment security that is traded like an individual stock, can be tracked from the price of a single stock to a large and
Despite global geopolitical uncertainties and macroeconomic volatility, DBS Bank Taiwan (星展台灣) yesterday reported that its first-half revenue rose 10 percent year-on-year to a record NT$16.5 billion (US$537.8 million), while net profit surged 65 percent to an unprecedented NT$4.4 billion. The nation’s largest foreign bank made the announcement on the second anniversary of its integration with Citibank Taiwan Ltd’s (花旗台灣) consumer banking business. “Taiwan is a key market for DBS. Over the years, we have consistently demonstrated our commitment to deepening our presence in Taiwan, not only via continued investment to support franchise growth, but also through a series of bolt-on acquisitions,” DBS
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