Tainergy sees sales growth
Solar cell maker Tainergy Tech Co Ltd (太極能源) yesterday reported a strong annual increase of 36.31 percent in quarterly sales to NT$2.59 billion (US$ 77.93 million) for last quarter, compared with the previous year’s NT$1.9 billion. On a quarterly basis, the result grew 22.16 percent from the third quarter’s revenues of NT$2.12 billion, the firm said in a filing with the Taiwan Stock Exchange. Last quarter’s sales result brought the company’s combined annual revenues to NT$7.82 billion for last year, up 19.4 percent from NT$6.55 billion recorded a year earlier.
Samsung focuses on Taiwan
Samsung Electronics Co yesterday said that it aims to increase its Taiwan revenue by a double-digit percentage this year by offering more value-added services and raising its service quality in retail stores. Gary Tsao (曹紋察), general manager of Samsung Taiwan’s IT and mobile communication team, said that although revenue from Taiwan last year was flat from a year earlier, the firm is still optimistic that sales this year could grow from last year. The company’s revenue is expected to be driven by smartphones, tablets, wearable products and accessories, Tsao told reporters on the sidelines of Samsung’s Galaxy A7 and Galaxy A5 launch event. He declined to disclose the sales figures.
NT dollar dips 0.51%
The New Taiwan dollar yesterday closed down 0.51 percent to trade at NT$33.236 against the greenback, relatively stable compared with the South Korean won’s 1.28 percent decline, the central bank said in a statement. The central bank issued the statement after the local currency dropped to a three-month low on the first trading session of this year. The depreciation came after foreign institutional investors cut local shares by NT$13.94 billion and mutual funds by NT$287.94 million, Taiwan Stock Exchange data showed. Proprietary traders had overbought positions of NT$439.93 million.
Ichia sales plunge 33.86%
Keypad manufacturer Ichia Technologies Inc (毅嘉科技) yesterday reported sales of NT$1.66 billion for last quarter, a significant plunge of 33.86 percent from NT$2.51 billion a year earlier. The quarterly result also represents a 12.16 percent decline from the third quarter’s NT$1.89 billion. In the first three quarters of last year, the firm’s net income totaled NT$49.39 million, plunging 94.31 percent from NT$869.17 million made over the same period of time in the previous year. The keypad maker’s combined revenues totaled NT$7.38 billion last year, plummeting 34.24 percent from NT$11.22 billion made a year ago.
China grants BioFirst patent
BioFirst Co (匯特生技) yesterday said its newly developed surgical fluid for eye operations has gained patent approval from the Chinese authority, following approvals from Taiwan, Australia, Canada and Japan. The firm said the patent approval from China is valid through 2031, which is expected to help the firm tap into the Chinese and other Asian markets. The Taiwanese biotech company said it is still waiting for the US and European countries to offer a green light to its eye operation surgical fluid in the regions. The company is set to gain a technological advantage in the global market with more patent approvals, it said.
HEAVY INVESTMENT: Moody’s affirmed the firm’s ‘Aa3’ rating with a ‘stable’ outlook due to its leading position in the industry and ability to match customer requirements Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue this year is expected to increase about 21 percent to NT$1.29 trillion (US$44.01 billion) from NT$1.07 trillion last year, driven by strong demand for advanced 5-nanometer and 7-nanometer chips mainly used in smartphones and high-performance computing devices, a Moody’s Investors Service report on Wednesday said. TSMC’s rate of revenue growth next year is to increase to 7.5 percent, the ratings agency said. The company, which supplies 5-nanometer chips for Apple Inc’s new iPad series, has introduced the advanced chips ahead of its competitors and gained a significant share of the market for the foundry industry’s
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
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
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