The US’ biggest online video-on-demand provider Netflix Inc said it is collaborating with Taiwanese chipmakers, including MediaTek Inc (聯發科), to develop smart TV chips.
The partnership with local firms to produce ultra-high-definition videos is part of the “Netflix Recommended TV” program, which was launched in the US last year and is to be extended globally this year to help consumers identify TVs that offer better performance.
“With smart TVs gaining traction, consumers prefer to stream Netflix’s ultra-high-definition 4K and high-dynamic-range videos on larger screens [TVs, over mobile phones and PCs],” Netflix international development officer Greg Peters said in a statement on Tuesday.
As local system-on-a-chip (SoC) suppliers pay more attention to smart TV chips, it would be crucial for Netflix to collaborate with Taiwanese companies such as MediaTek, MStar Semiconductor Inc (晨星半導體) and Novatek Microelectronics Corp (聯詠) to deliver high-level streaming services, Peters said.
Netflix this week launched its Taiwan office in Hsinchu and hired a local engineering team, which is to be in charge of providing certification services for SoC manufacturers, connected TVs, game consoles, set-top boxes and mobile devices.
The company said it plans to develop strategic partnerships with Taiwanese companies and stream more local content to its subscribers around the world.
Netflix also plans to buy 20 Taiwanese “idol dramas,” including The Fierce Wife (犀利人妻), produced by SetTV (三立電視).
The dramas would be available later this year in Taiwan and elsewhere, the company said.
Netflix, which started providing its online streaming services in Taiwan in January, has about 81 million members in more than 190 nations.
SETBACK: Apple’s India iPhone push has been disrupted after Foxconn recalled hundreds of Chinese engineers, amid Beijing’s attempts to curb tech transfers Apple Inc assembly partner Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country. The extraction of Chinese workers from the factory of Yuzhan Technology (India) Private Ltd, a Hon Hai component unit, in southern Tamil Nadu state, is the second such move in a few months. The company has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named, as the
The prices of gasoline and diesel at domestic fuel stations are to rise NT$0.1 and NT$0.4 per liter this week respectively, after international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to rise to NT$27.3, NT$28.8 and NT$30.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to rise to NT$26.2 per liter at CPC stations and NT$26 at Formosa pumps, they said. The announcements came after international crude oil prices
SinoPac Financial Holdings Co (永豐金控) is weighing whether to add a life insurance business to its portfolio, but would tread cautiously after completing three acquisitions in quick succession, president Stanley Chu (朱士廷) said yesterday. “We are carefully considering whether life insurance should play a role in SinoPac’s business map,” Chu told reporters ahead of an earnings conference. “Our priority is to ensure the success of the deals we have already made, even though we are tracking some possible targets.” Local media have reported that Mercuries Life Insurance Co (三商美邦人壽), which is seeking buyers amid financial strains, has invited three financial
CAUTION: Right now, artificial intelligence runs on faith, not productivity and eventually, the risk of a bubble will emerge,’ TIER economist Gordon Sun said Taiwanese manufacturers turned more optimistic last month, ending a five-month streak of declining sentiment as concerns over US tariffs, currency volatility and China’s overcapacity began to ease, the Taiwan Institute of Economic Research (TIER) said yesterday. The manufacturing business confidence index rose 1.17 points from June to 86.8, its first rebound since February. TIER economist Gordon Sun (孫明德) attributed the uptick to fading trade uncertainties, a steadier New Taiwan dollar and reduced competitive pressure from Chinese producers. Taiwan’s semiconductor industry is unlikely to face significant damage from Washington’s ongoing probe into semiconductors, given the US’ reliance on Taiwanese chips to power artificial