Groupon to refund coupons
Groupon Taiwan yesterday said that unused coupons it has issued can be fully refunded, one day after it announced plans to suspend operations in the nation. The company said that if customers still have coupons for commodity items and travel products, they can use them before their expiration date. If they want full refunds, they can apply to the firm’s customer service center before Oct. 31, it said. Customer services will be provided until the end of March next year, it added. If customers want to return items already delivered, they can contact customer service centers within a seven-day trial period, it said.
HTC tops sales list
HTC Corp (宏達電) topped a list of firms in terms of domestic sales volume last month with a 21.6 percent market share, industry sources said yesterday. Samsung Electronics Co was second with a 21.4 percent share, ahead of Asustek Computer Inc (華碩) with a 13 percent share, Apple Inc with 11.8 percent and Sony Corp with a 9.6 percent share, the sources said. The overall sales volume was 631,000 units last month in the smartphone market, down 2.9 percent from a month earlier, they said. Apart from the iPhone 6 and iPhone 6 Plus, the local smartphone market was largely dominated by low-to-mid-end models last month, the sources said.
UMC announces production
United Microelectronics Co (UMC, 聯電) yesterday said it has entered high-volume production for touch IC applications manufactured on its 0.11 micrometer eFlash process. The specialized technology, introduced by UMC in late 2012, was developed for next-generation touch controller ICs and Internet of Things applications, the company said in a statement. UMC said the technology provides smaller and faster logic devices that have higher performance results, while enabling the integration of higher-density embedded Flash and SRAM for use in microcontrollers for touch-screen products of all sizes.
Mega approves issuance
State-run Mega Financial Holding Co (兆豐金控) on Tuesday said its board has approved the issuance of 1.15 billion new common shares in a bid to increase capital. Seventy-eight percent of the new shares are to be acquired by the company’s stakeholders, Mega Financial said in a statement. Another 12 percent will be reserved for employees, while the remaining 10 percent are to be sold to the public, the statement said. The company expects to finalize the price of the new shares by the end of next month and complete the new issuance before the end of this year.
Lindt wins legal stoush
Lindt yesterday savored a victory over Haribo in a long-running legal battle after a German federal court ruled that chocolate teddy bears made by the Swiss giant were not a copy of the German sweets maker’s gummy bears. The German candy manufacturer took Lindt to court in 2012 after the Swiss chocolatier began selling their “Lindt Teddy” figurines in 2012 for the Christmas season. A German court initially ruled in favor of Haribo, but an appellate court threw out that verdict, finding that the chocolate teddies could not be mistaken for Haribo’s jelly sweets. To end the dispute, the case was brought to the German Federal Court of Justice for a final ruling.
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
’WHITE BOX’: The open platform would give local firms access to Cisco’s cloud-based mobile network to develop 5G telecom equipment and tap into the global market The Ministry of Economic Affairs (MOEA) yesterday introduced a new 5G “open lab” in collaboration with US-based information technology and networking giant Cisco Systems Inc to address the rapidly growing “white box” 5G networking equipment market. The open lab will be a platform where Taiwanese manufacturers can access Cisco’s cloud-based mobile network to develop their own 5G telecom equipment, such as small-cell base stations, network switches, modems and Internet of things (IoT) devices, a ministry statement said. The open platform would allow Taiwanese manufacturers to tap into the lucrative 5G telecom equipment market, which was previously monopolized by Nokia Oyj, Ericsson AB
Nintendo Co is raising its target for Switch production to about 25 million units this fiscal year, people familiar with the matter said, as the ongoing COVID-19 pandemic keeps lifting demand and component shortages ease. The Kyoto, Japan-based company, which in April hiked orders to 22 million units by March next year, is asking partners to tack on another few million units, said the people, who did not want to be identified discussing internal goals. Assembly partners plan to work at maximum capacity through December. The new production target suggests that Nintendo is likely to outperform its Switch sales forecast of 19 million
NERVOUS MARKET: With the infection sources still unknown for three COVID-19 cases that had departed Taiwan, investors have become uneasy, an analyst said Local shares yesterday came under heavy downward pressure, falling more than 1 percent as renewed fears over a possible increase in domestic COVID-19 infections hit market sentiment after the nation last week reported a case related to a Belgian national. Selling focused on the bellwether electronics sector, led by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which pushed down the broader market as investors ignored gains posted by tech heavyweights on the US market at the end of last week, dealers said. The TAIEX closed down 151.77 points, or 1.2 percent, at 12,513.03, on turnover of NT$231.43 billion (US$7.84 billion). Foreign